E.ON SE

M&A Activity • Apr 2, 2007

News Details

Ad-hoc | 2 April 2007 18:55

E.ON AG: E.ON Reaches Agreement with Enel and Acciona

E.ON AG / Acquisition

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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E.ON signed an agreement with Enel and Acciona in order to put an end to
the substantial uncertainty surrounding the takeover bid for Endesa.

E.ON has committed itself not to renounce the bid’s conditions, which
envision tendering 50.01 percent of the shares within the scope of the
takeover offer. This would result in E.ON not acquiring a minority stake in
Endesa. It is thus safe to assume that E.ON’s takeover bid for Endesa will
not be successful.

In exchange, Enel and Acciona commit themselves to launch a takeover bid
for Endesa in the very near future. If Enel and Acciona gain control of
Endesa, E.ON will receive an extensive portfolio of equity holdings
including operations in Spain, Italy and France as well as additional
activities in Poland and Turkey. This corresponds to a total volume of
about €10 billion. The exact sum will be determined on the basis of fair
values using generally accepted methods.

DGAP 02.04.2007

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
www: 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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