Ørsted — M&A Activity 2014

Oct 20, 2014

Energinet.dk will acquire DONG Energy's 100% ownership stake in DONG Storage

DONG Energy and the state owned entity, Energinet.dk, have signed an agreement
today under which Energinet.dk will acquire DONG Energy’s 100% ownership stake
in DONG Storage for a total consideration of DKK 2.25bn on a debt and cash free
basis.

Included in the price is a payment from Energinet.dk relating to an earn-out
that was part of DONG Energy’s divestment of Lille Torup Gas Storage Facility
in 2007 to Energinet.dk.

DONG Storage owns and operates Stenlille Gas Storage Facility, which is the
largest of two gas storage facilities in Denmark with a working gas volume of
575 mcm, corresponding to 57% of the total Danish gas storage capacity.

The transaction is consistent with DONG Energy’s strategy of divesting non-core
assets. According to applicable EU legislation governing the rules for third
party access, DONG Energy will still be able to use Stenlille Gas Storage
Facility as storage customer on ordinary business terms. Therefore, the
divestment will not affect the management of DONG Energy's gas portfolio.

The transaction is subject to approval by competition authorities and the
Danish Ministry of Climate, Energy and Building.

Closing is expected to occur end of 2014 or beginning of 2015.

The information provided in this announcement does not change DONG Energy’s
previous financial guidance for the 2014 financial year or the announced
expected investment level for 2014-2015.

Media Relations
Morten Kidal
+45 9955 9583

Investor Relations
Allan Bødskov Andersen
+45 9955 9769

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DONG Energy is one of the leading energy groups in Northern Europe. Our
business is based on procuring, producing, distributing and trading in energy
and related products in Northern Europe. DONG Energy has around 6,500 employees
and is headquartered in Denmark. The Group generated DKK 73 billion (EUR 9.8
billion) in revenue in 2013. For further information, see www.dongenergy.com.