RWE AG — M&A Activity 2009

Jan 12, 2009

News Details

Ad-hoc | 12 January 2009 14:19

RWE AG:RWE and Essent have reached agreement on the terms and conditions for a binding all-cash offer to the shareholders of Essent

RWE Aktiengesellschaft / 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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RWE Aktiengesellschaft and the Netherlands-based Essent N.V. have today
reached agreement on the terms and conditions for a binding all-cash offer
by RWE to the shareholders of Essent for the acquisition of all of the
issued and outstanding shares in Essent, excluding the distribution
networks and waste management operations. Accordingly, following receipt of
advice from the Essent Central Works Council (a measure required under
Dutch law), RWE and Essent will enter into a formal agreement for such an
offer.

The transaction, once entered into, will be subject to at least 80% of the
issued and outstanding share capital of Essent being tendered under the
offer. The transaction furthermore requires, inter alia, the approval of
the relevant anti-trust authorities.

The proposed transaction will have a value that represents an enterprise
value of €9.3 billion, before deduction of net indebtedness and assuming a
100% acceptance level by Essent shareholders.

Essent is one of the largest Dutch energy companies. The shares are
currently held by 136 shareholders (for the most part municipalities and
provinces). Through the acquisition of Essent, RWE will become one of the
leading energy providers in the Benelux.

RWE Aktiengesellschaft

The Executive Board
12.01.2009 Financial News transmitted by DGAP

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Language: English
Issuer: RWE Aktiengesellschaft
Opernplatz 1
45128 Essen
Deutschland
Phone: +49 (0)201 12-00
Fax: +49 (0)201 12-15199
E-mail: contact@rwe.com
Internet: www.rwe.com
ISIN: DE0007037129, DE0007037145
WKN: 703712, 703714
Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Berlin, Hannover, München, Hamburg, Stuttgart;
Terminbörse EUREX; Foreign Exchange(s) SWX

End of News DGAP News-Service

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