E.ON SE

Regulatory Filings • Feb 10, 2009

News Details

Corporate | 10 February 2009 08:35

E.ON AG: E.ON launches performance initiative

E.ON AG / Strategic Company Decision

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

E.ON launches performance initiative

• Improvement potential of up to € 1.5 billion until 2011 to secure
corporate development

• Company to become leaner, more agile and more competitive

Under the name 'Perform-to-Win' the E.ON Group is setting the stage for an
extensive programme to further enhance the Group's competitiveness. This
programme was presented to the company’s supervisory board yesterday. The
envisaged measures are aimed at improving efficiency and productivity,
cutting costs in specific areas, optimising structures and processes, and
avoiding unnecessary bureaucracy. The measures are aimed at the whole value
chain and all operations. They will now be defined in more detail and
prepared for implementation. In total, the measures identified have an
improvement potential of up to € 1.5 billion until 2011. E.ON’s CEO Wulf
Bernotat: 'This will help us to achieve our ambitious targets despite the
impact of the financial and economic crisis, and it will enable us to
continue our positive corporate development.'

The performance programme is part of the E.ON growth initiative. 'After an
expansion phase in which we acquired numerous international companies and
achieved a unique presence across Europe, we now want to focus on
strengthening our company from the inside and improving our performance to
enhance our future growth. We are taking this step not least because of the
current challenging environment in which we operate in. In our markets we
are finding it increasingly difficult to continue with successful growth as
a result of fiercer competition, state and regulatory intervention and
meeting our objectives of keeping energy affordable, enhancing security of
supply and protecting the climate,' said Wulf Bernotat. 'We started
Perform-to-Win before the current financial crisis, but the dramatic global
developments in all sectors of the economy have made us all the more
determined. We aim to enhance our international competitiveness through a
rigorous fitness regime and thus help to secure employment in the long
term.'

Some of the measures will be implemented across the whole Group. They will
include specific measures in areas such as procurement, IT and
administration.

The other measures will focus on the operations units. They will be geared
towards improving the utilization of generation capacity at Nordic,
optimizing the sales business at UK, marketing storage capacity at
Pan-European Gas and the organizational integration of power and gas sales
in Germany.

It cannot be excluded that the programme will affect employment. Bernotat
said: 'We are thinking about pooling or outsourcing certain services so
that the jobs remain. But we cannot exclude that there will be some cuts in
individual areas. If such a step proves necessity, we will, as in the past,
seek an intensive dialogue with the employee representatives and use all
opportunities to find responsible solutions.'

Through Perform-to-Win, the E.ON Group aims to continue its development at
a high level and achieve sustainable value growth. 'Growth in combination
with greater efficiency will improve prospects for the company, its
employees and enhance value creation for the benefit of the society through
significant tax payments and multi-billion investment into a modern and
climate-friendly energy supply.'

Disclaimer:
This press release may contain forward-looking statements based on current
assumptions and forecasts made by E.ON Group management and other
information currently available to E.ON. Various known and unknown risks,
uncertainties and other factors could lead to material differences between
the actual future results, financial situation, development or performance
of the company and the estimates given here. E.ON AG does not intend, and
does not assume any liability whatsoever, to update these forward-looking
statements or to conform them to future events or developments.

Dr. Jens Schreiber
Corporate Communications
E.ON AG
T. +49-211-4579-544 or -453
jens.schreiber@eon.com

10.02.2009 Financial News transmitted by DGAP

Language: English
Issuer: E.ON AG
E.ON-Platz 1
40479 Düsseldorf
Deutschland
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: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Hannover, Düsseldorf, Stuttgart, München, Hamburg;
Terminbörse EUREX; Foreign Exchange(s) Mailand

End of News DGAP News-Service

---