X0206 3 2018-09-18 0 0000874761 AES CORP AES 0001754412 Dubuc Manuel Perez 4300 WILSON BLVD. ARLINGTON VA 22203 1 SVP, New Energy Solutions Common Stock 27374 D Common Stock 5952 I by 401(k) Stock Option (Right to Buy) 11.17 2023-02-15 Common Stock 34837 D Stock Option (Right to Buy) 14.63 2024-02-21 Common Stock 26805 D Stock Option (Right to Buy) 11.89 2025-02-20 Common Stock 46791 D Units Common Stock 1616 D Includes Restricted Stock Unit ("RSU") awards granted pursuant to The AES Corporation 2003 Long Term Compensation Plan, with such awards vesting in three equal annual installments from the date of grant if certain continuing employment conditions are satisfied. If such conditions are satisfied, each RSU entitles the holder to one share of AES Common Stock for each RSU granted. Consists of shares of AES Common Stock acquired pursuant to The AES Corporation Retirement Savings Plan. The information in this report is based on a plan statement dated September 25, 2018. This stock option was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and vested in three equal annual installments. The first installment vested on 2/15/2014, the second installment vested on 2/15/2015 and the final installment vested on 2/15/2016. This stock option was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and vested in three equal annual installments. The first installment vested on 2/21/2015, the second installment vested on 2/21/2016 and the final installment vested on 2/21/2017. This stock option was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and vested in three equal annual installments. The first installment vested on 2/20/2016, the second installment vested on 2/20/2017 and the final installment vested on 2/20/2018. These units were awarded pursuant to the Restoration Supplemental Retirement Plan ("Restoration Plan"). Generally, units under the Restoration Plan are paid out in cash following termination of employment or later per the Restoration Plan document. Each unit represents a hypothetical AES investment equal to one share of AES Common Stock, and units under the Restoration Plan are 100% vested upon award. /s/ Manuel Perez Dubuc 2018-09-28