E.ON SE

Legal Proceedings Report • Mar 29, 2016

News Details

Ad-hoc | 29 March 2016 15:52

E.ON SE: Agreement reached with Gazprom on price adjustments to long-term gas supply contracts

E.ON SE / Key word(s): Change in Forecast

29.03.2016 15:52

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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E.ON SE: ad-hoc announcement

Agreement reached with Gazprom on price adjustments to long-term gas supply
contracts

Non-recurring effect improves E.ON's outlook for financial year 2016

Negotiations between Uniper, the fully-owned E.ON subsidiary, and Gazprom
on price adjustments to long-term gas supply contracts have led to an
agreement earlier than anticipated. The agreement resolves pending
arbitration proceedings between the companies.

The agreement will enable E.ON to release some of the provisions recorded
in prior years, resulting in a non-recurring positive EBITDA effect of
about EUR380 million in the first quarter of 2016. The release of the
remaining provisions, made in several years, will result in cash outflow of
circa EUR800 million probably in the second quarter.

The non-recurring positive effect serves to increase E.ON's forecast range
for its 2016 EBITDA from between EUR6.0 and EUR6.5 billion to between
EUR6.4 and 6.9 billion.1 Similarly, instead of underlying net income of
EUR1.2 to EUR1.6 billion, E.ON now expects the range to be between EUR1.5
and EUR1.9 billion.

1) As already stated on March 9, 2016, in conjunction with its outlook,
considering the vote at the E.ON SE Annual Shareholders Meeting on June
8, 2016, on the spinoff of a majority stake in Uniper and assuming that
the spinoff will become effective in 2016, E.ON's outlook for 2016 will
have to be adjusted due to accounting effects resulting from the
spinoff. E.ON then expects its outlook to be significantly lower.
Further details will be communicated along with the publication of the
spinoff documents for the Annual Shareholders Meeting. Due to
accounting effects, this does not allow any conclusions on the expected
EBITDA and underlying net income for Uniper in 2016.

29.03.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: E.ON SE
E.ON-Platz 1
40479 Düsseldorf
Germany
Phone: +49 (0)211 4579-0
Fax: +49 (0)211 45 79-5 01
E-mail: investorrelations@eon.com
Internet: www.eon.com
ISIN: DE000ENAG999
WKN: ENAG99
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart; Terminbörse
EUREX; Mailand

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