RWE AG — Earnings Release 2013

Jan 28, 2014

News Details

Ad-hoc | 28 January 2014 10:16

RWE Recognises Impairments

RWE Aktiengesellschaft / Key word(s): Final Results

28.01.2014 10:16

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Pursuant to International Accounting Standards (IAS 36), RWE AG is obliged
to perform impairment tests both regularly and in the occurrence of certain
events. RWE has identified the need to recognise an additional impairment
of about EUR 3.3 billion at the Group level for the financial statements
for 2013 compared to the interim financial statements as of September 2013.

About EUR 2.9 billion in impairments is attributable to the Conventional
Power Generation Segment and is due to the continued deterioration of
earnings in the Continental European power plant sector. A need for
impairment has also been identified in the Renewables Segment and at our
participations.

The impairments will reduce the non-operating result and therefore also the
net income of the RWE Group. In contrast, they will not have an effect on
EBITDA, the operating result or recurrent net income. Furthermore, they
will not have an impact on cash.

RWE Aktiengesellschaft
The Executive Board

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Language: English
Company: RWE Aktiengesellschaft
Opernplatz 1
45128 Essen
Germany
Phone: +49 (0)201-12-15025
Fax: +49 (0)201-12-15265
E-mail: invest@rwe.com
Internet: www.rwe.com
ISIN: DE0007037129, DE0007037145
WKN: 703712, 703714
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
Freiverkehr in Berlin, Hamburg, Hannover, München, Stuttgart;
Terminbörse EUREX

End of Announcement DGAP News-Service

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