E.ON SE

Transaction in Own Shares • Jun 26, 2007

News Details

Corporate | 26 June 2007 17:54

E.ON AG: Announcement Regarding Share Buyback

E.ON AG / Share Buyback

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.

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E.ON AG, Düsseldorf
Security Identification Number 761440
ISIN DE0007614406

Announcement Regarding Share Buyback

On May 3, 2007, the Annual Shareholder’s Meeting of E.ON AG authorized the
company to buy back shares up to a maximum of 10 % of the capital stock. On
May 30, 2007, the Board of Management and the Supervisory Board decided
upon a share buyback based on the authorization of the Shareholder’s
Meeting and announced that, on this basis, it would purchase € 7 billion of
its own shares by the end of 2008.

The buyback will commence on June 27, 2007. It is intended to cancel the
repurchased shares and in this way optimize the company’s capital
structure. E.ON is planning to buy back shares worth up to € 3.5 billion
(exclusive of charges) by the end of this year, with another € 3.5 billion
(exclusive of charges) to be bought back in 2008. Based on the current
share price (as per June 26, 2007) this will allow buying back some 58
million shares. If the share price changes during the buyback, the total
number of shares purchased will change accordingly.

The shares will initially be purchased on the stock exchange. The price
paid must not be more than 10% higher and not more than 20% lower than the
average Xetra closing price of the previous three trading days (exclusive
of charges). The share buyback will be carried out using one or more banks
who will independently and without any influence from the company decide on
the time and volume of each share purchase transaction. A pre-programmed
buyback program may also be used.

The buyback of the company’s own shares may subsequently also be carried
out using derivatives, for example put options, call options or a
combination of both in accordance with the authorization of the Annual
Shareholder’s Meeting of May 3, 2007.

The Board of Management may suspend and – subject to the strict observance
of the insider trading provisions of the Securities Trading Act – resume
the buyback program at any time.

The number of E.ON shares purchased by the company on any trading day, the
date of the purchase and the volume-weighted average price will be
published within seven trading days at www.eon.com.

Düsseldorf, June 26, 2007
The Board of Management
DGAP 26.06.2007

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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: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard),
Hannover, Düsseldorf, Stuttgart, München, Hamburg;
Terminbörse EUREX; Foreign Exchange(s) Mailand, NYSE

End of News DGAP News-Service

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