RWE AG — Share Issue/Capital Change 2008

Apr 23, 2008

News Details

Ad-hoc | 23 April 2008 01:58

RWE AG:RWE sells approx. 36% of American Water’s shares at the New York Stock Exchange; update of the net income forecast for 2008

RWE Aktiengesellschaft / IPO/Forecast

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.

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Essen, 23 April 2008

The Executive Board of RWE has decided to sell 58 million of American
Water’s shares at US$ 21.50 per share. This amounts to approx. 36% of
American Water’s shares outstanding. Trading will start on 23 April 2008 at
the New York Stock Exchange. Net proceeds of approx. US$1.2 bn (€0.8bn)
from the offering will go to RWE. In addition, RWE has granted the
underwriters a 30-day option to purchase up to 8.7 million shares of
common stock ('greenshoe').

This share offering results in a net income charge of up to approx. €0.6bn.
Until now, net income had been expected to increase by more than 10% in
2008. This forecast can no longer be maintained. RWE now expects net income
slightly below the previous year’s level. Operating result and recurrent
net income, which is RWE’s key dividend determinant, will remain
unaffected.

RWE Aktiengesellschaft
23.04.2008 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

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