EU commission approves of Bewag transaction

EU commission approves of Bewag transaction Stockholm/Berlin. The EU commission on February 4, 2002, notified Vattenfall that it does not object to the acquisition of a 44.8 % interest in the Berlin utility Bewag. In December 2001 Mirant agreed to sell its position in Bewag to the Vattenfall group. The parties are now free to close the transaction. The Vattenfall group already owns a 44.8 % interest in Bewag through its subsidiary Hamburgische Electricitäts-Werke AG (HEW). Vattenfall is currently merging its German operations to build the new entity "Vattenfall Europe", which will operate on the German power market. Bewag will become a substantial part of this new company. Issued by Vattenfall's Press Office, telephone +46 8 739 50 10. For further information, please contact: Martin May, Vattenfall Deutschland, telephone +49 40 37 47 22-14, mobile +49 172 4291248. Vattenfall AB: Karl-Erik Olsson, telephone +46 8 739 75 83. Vattenfall's vision is to be a leading European energy company. Vattenfall's main products are electricity and heat. Today, Vattenfall generates power and supplies energy to several million customers in the Nordic region and northern Europe. The largest electricity customers are industrial plants and energy companies. The Group's net sales in 2001, excluding operations in Germany, are estimated to over EUR 4.2 billion. For more information, see www.vattenfall.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/02/05/20020205BIT00770/bit0001.doc http://www.waymaker.net/bitonline/2002/02/05/20020205BIT00770/bit0001.pdf