E.ON SE

M&A Activity • Mar 28, 2008

News Details

Ad-hoc | 28 March 2008 09:49

E.ON Able to Acquire Enel and Acciona Shareholdings Package including Endesa Assets

E.ON AG / Acquisition/Agreement

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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The E.ON Board of Management and Supervisory Board have approved the
acquisition of a substantial package comprising power stations and other
shareholdings above all in Spain, France and Italy. E.ON reached agreement
last April with the Italian energy company Enel and the Spanish
conglomerate Acciona on an extensive transaction as a constructive way of
ending the dispute over the acquisition of a majority interest in the
Spanish energy company Endesa. Valuation of the assets, which was agreed
then as a basis for determining the final purchase price, has now been
completed on schedule.

Based on the contractually agreed valuation system, the purchase price is
approx. € 8.9 bn. In addition, debt which is currently put at approx. € 2.9
bn will be taken over. This means that E.ON invests in total approx. € 11.8
bn in the transaction. The final amount of debt will subsequently be
determined by an auditor. At its meeting today, the E.ON Supervisory Board
approved the acquisition of the assets at this value. The completion of the
transaction is likely to take place in the third quarter of 2008 once all
permits are available.

Dr. Peter Blau, T. +49-211-4579-628
Dr. Jens Schreiber, T. +49-211-4579-544 oder -453

28.03.2008 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: DE0007614406
WKN: 761440
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

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