E.ON SE

M&A Activity • Jul 28, 2006

News Details

Ad-hoc | 28 July 2006 10:31

E.ON receives notification of the CNE’s decision for Endesa bid

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Yesterday Spain’s Comisión Nacional de Energía (CNE) made a decision relating to E.ON’s offer for Endesa. E.ON received oral notification of the key aspects of the CNE’s decision late yesterday evening. E.ON has not yet received the decision in writing. The CNE has approved E.ON’s bid subject to a number of conditions. These include the requirement that E.ON divest about 7,600 megawatts of Endesa’s generating capacity in Spain. When it receives the decision, E.ON will review the conditions in detail. However, E.ON sees no justification for the conditions it is already aware of and reserves all legal options. E.ON is strongly committed to the acquisition and believes that it will benefit all stakeholders: customers, employees and shareholders as well as the wider Spanish economy. Following its detailed review of the CNE decision, E.ON will inform the market of any further action it may take. ————————————————————————— Information and Explaination of the Issuer to this News: Disclaimer ad-hoc release July 28, 2006 – CNE’s decision for Endesa bid – This press release does not constitute an invitation to sell or an offer to buy any securities or a solicitation of any vote or approval. Endesa investors and security holders are urged to read the prospectus and U.S. tender offer statement from E.ON regarding the proposed tender offer for Endesa when they become available, because they will contain important information. The prospectus and certain complementary documentation will be filed in Spain with the Spanish Comisión Nacional del Mercado de Valores (the “CNMV”). Likewise, a U.S. tender offer statement will be filed in the United States with the U.S. Securities and Exchange Commission (the “SEC”). Investors and security holders may obtain a free copy of the prospectus (when it is available) and its complementary documentation from E.ON, Endesa, the four Spanish Stock Exchanges, and Santander Investment Bolsa SV SA or Santander Investment SA, Corredores de Bolsa. The prospectus will also be available on the websites of the CNMV (www.cnmv.es) and E.ON (www.eon.com). Likewise, investors and security holders may obtain a free copy of the U.S. tender offer statement (when it is available) and other documents filed by E.ON with the SEC on the SEC’s web site at www.sec.gov. The U.S. tender offer statement and these other documents may also be obtained for free from E.ON, when they become available, by directing a request to E.ON AG, External Communications, Tel.: 0211- 45 79 – 4 53. This press release may contain forward-looking statements. 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 E.ON and Endesa and the estimates given here. These factors include the inability to obtain necessary regulatory approvals or to obtain them on acceptable terms; the inability to integrate successfully Endesa within the E.ON Group or to realize synergies from such integration; costs related to the acquisition of Endesa; the economic environment of the industries in which E.ON and Endesa operate; and other risk factors discussed in E.ON’s public reports filed with the Frankfurt Stock Exchange and with the SEC (including E.ON’s Annual Report on Form 20-F) and in Endesa’s public reports filed with the CNMV and with the SEC (including Endesa’s Annual Report on Form 20-F). E.ON assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Media Contact E.ON AG, Corporate Communications Dr. Peter Blau, +49 (0)211 45 79 627 Josef Nelles, +49 (0)211 45 79 544 (c)DGAP 28.07.2006 ————————————————————————— 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, Hamburg, München, Stuttgart; Terminbörse EUREX; Foreign Exchange(s) NYSE End of News DGAP News-Service —————————————————————————