Erik Saether appointed Head of Vattenfall Trading Services

Erik Saether appointed Head of Vattenfall Trading Services Erik Saether, Managing Director of Vattenfall Europe Trading GmbH in Hamburg, has been appointed Head of Vattenfall Trading Services. By establishing this new organisational unit, the Vattenfall Group will integrate its present trading activities in the Nordic countries and continental Europe. Hamburg will be the future European hub for trading in the Vattenfall Group. Vattenfall's trading in Stockholm with its responsibility for the Nordic market will be a regional office of Vattenfall Trading Services. In his new capacity Mr Saether will report to a steering group, chaired by Vattenfall's CFO Matts Ekman. Mr Ekman: "Energy trading has been an international business for a long time. By integrating our trading activities, we will derive synergies in areas such as IT-systems, credit management and cross border trading." The two trading organisations in the Vattenfall Group today have a staff of 200 and handle an external turnover of totally 900 TWh per year. Mr Ekman will today be available for telephone interviews between 10:00h and 12:00h, phone: +46 8-739 50 08 Mr Saether will today be available for telephone interviews, phone: +49 40-24 43 01 06 From Vattenfall's Press Office, telephone: +46 8 739 50 10. For more information, please contact: Martin May, Head of Group Media Relations, Vattenfall AB, phone +46 8-739 52 70 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/02/09/20040209BIT00060/wkr0001.doc http://www.waymaker.net/bitonline/2004/02/09/20040209BIT00060/wkr0002.pdf