EVN AG — Major Shareholding Notification 2011

Feb 21, 2011

EVN AG

EVN AG: Release according to Article 93, Section 2 BörseG with the
objective of Europe-wide distribution

Dissemination of a Voting Rights announcement transmitted by DGAP - a
company of EquityStory AG. The issuer is solely responsible for the content
of this announcement.

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EVN AG announces that NECKARPRI GmbH ('NECKARPRI'), Stuttgart, the State of
Baden-Württemberg, OEW Energie-Beteiligungs GmbH ('OEW GmbH'), Ravensburg,
and the Zweckverband Oberschwäbische Elektrizitätswerke ('OEW
Zweckverband') Ravensburg - Upper Swabian Power Companies - pursuant to §
91 (1) Line 1 in conjunction with § 92a (1) Stock Exchange Act and
pursuant to § 92 Line 1 in conjunction with § 91 (1) Line 1 and § 92a (1)
Stock Exchange Act have announced the indirect acquisition of the following
voting rights in EVN AG:

1. With its shareholding disclosure dated November 5, 2010, EnBW Energie
   Baden-Württemberg AG ('EnBW') announced pursuant to § 91 (1) Stock Exchange
   Act that it did not exercise its subscription rights in the capital
   increase of EVN entered into the commercial registrer on October 30, 2010,
   and that with the entry of this capital increase in the commercial
   register, the threshold of voting rights fell below 35% but not below the
   threshold of 30% of the voting rights in EVN AG.

The main shareholders of EnBW at this point in time were: OEW GmbH and
E.D.F. International S.A. ('EDFI') each with a stake of 45.006% in the
share capital and (pursuant to § 91 (1a) Stock Exchange Act) the voting
rights.

1. The sole shareholder of OEW GmbH is OEW Zweckverband, a union of nine
   administrative districts (German: 'Landkreis') in the State of
   Baden-Württemberg, to which the following districts belong: Landkreis
   Ravensburg (21.821%), Alb-Donau-Kreis (20.989%) Bodensee¬kreis (15.812%),
   Biberach (11.126%), Zollernalbkreis (8.712%), Landkreis Rottweil (6.479%),
   Landkreis Sigmaringen (6.229%), Landkreis Freudenstadt (5.007%) and
   Landkreis Reutlingen (3.825%).

The sole shareholder of EDFI is Electricité de France S.A. ('EDF').

1. There was a shareholder agreement between OEW GmbH, OEW Zweckverband,
   EDFI and EDF concluded on July 6, 2000, which was revised several times.
   The shareholder agreement includes, amongst other things, stipulations
   about agreed upon and partly uniform exercising of voting rights (voting
   agreement).

2. On February 17, 2011, NECKARPRI and thus indirectly the State of
   Baden-Württemberg acquired about 45.006% of the share capital and (pursuant
   to § 91 (1a) Stock Exchange Act) the voting rights in EnBW and thus
   112,517,569 of the voting rights of EnBW from EDFI. In addition, at the
   same time the State of Baden-Württemberg and NECKARPRI entered into the
   shareholder agreement via EDFI and EDF with full discharge of the debtor,
   according to which the voting rights of OEW GmbH and NECKARPRI are to be
   calculated together for the purpose of fulfilling § 91 (1) Stock Exchange
   Act.

3. Through this acquisition of a direct stake in EnBW, NECKARPRI and the
   State of Baden-Württemberg acquired on February 17, 2011, calculated on the
   basis of a syndicated voting rights agreement between OEW, NECKARPRI and
   the State of Baden-Württemberg of about 90.012% of the voting rights in
   EnBW and a shareholding of 32.47% on the part of EnBW in the share capital
   and (pursuant to § 91 (1a) Stock Exchange Act) the voting rights in EVN, an
   indirect controlling stake in EVN amounting to about 29.23% of the share
   capital and voting rights in EVN pursuant to § 91 (1) Line 1 Stock Exchange
   Act, or about 32.47% of the voting rights under the assumption of the
   voting rights being fully assigned. Accordingly, the threshold of 30% but
   not 35% of the voting rights has been surpassed.

4. On the basis of the shareholder agreement, since February 17, 2011
   NECKARPRI, the State of Baden-Württemberg, OEW GmbH and OEW Zweckverband
   have been exercising their direct voting rights in EnBW and their indirect
   voting rights in EVN amounting to 32.47% of the voting rights pursuant to §
   92 Line 1 Stock Exchange Act, and have thus surpassed the threshold of 5%,
   10%, 15%, 20%, 25% and 30% but not 35% of the voting rights.

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Language: English
Company: EVN AG
EVN Platz
2344 Maria Enzersdorf
Österreich
Internet: www.evn.at

End of Announcement DGAP News-Service

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