Lower generation volumes, but relatively good earnings

Vattenfall today presents its interim report for the first half of 2009. · Net sales rose 19.5% during the second quarter, to SEK 42,128 million (35,259), and 17.3% for the first half of the year, to SEK 94,656 million (80,663). · Operating profit for the second quarter decreased by SEK 6.9% to SEK 5,881 million (6,316), and increased for the first half of the year by 5.6%, to SEK 18,741 million (17,742). · Profit for the period after tax decreased by 35.1% for the second quarter to SEK 2,625 million (4,043), and by 4.6% for the first half of the year to SEK 10,716 million (11,227). “The recession has led to falling electricity prices and lower demand from industrial customers; however, Vattenfall’s earnings have been affected relatively little compared with companies in other industries. Vattenfall continuously hedges its electricity generation through sales in the futures market, which has had a favourable impact on operating profit. Currency movements have also had a favourable earnings impact. However, lower electricity generation volumes and higher operating and maintenance expenses have had a negative earnings impact. In total, operating profit for the second quarter fell 6.9% compared with the same period a year ago. At the same time, generation volumes decreased by 12%. Against the backdrop of the difficult market situation and lower generation volumes, I regard the result for the period as relatively good. We have had favourable development in the number of customers as well as in customer satisfaction,” says Vattenfall’s CEO Lars G Josefsson. Vattenfall discloses the information provided herein pursuant to the Swedish Securities Market Act. Commencing at 10:00 (CET) Lars G. Josefsson, CEO, and Dag Andresen, CFO, will host a conference call presenting the results, followed by a Question & Answer session. The conference call will be webcast. Details regarding the Conference Call To participate in the Conference Call please dial one of the following numbers a few minutes before 10:00 CET. +44 (0) 20 7107 0611 (UK) +46 (0) 8 5069 2105 (Sweden) +45 80 883 140 (Denmark) +33 (0) 1 7070 0543 (France) +49 (0) 69 2 22220593 (Germany) +41 (0)91 610 56 00 (Europe) Replay: A recorded version of the conference call will be available one hour after the conference call for a further 72 hours. To request the replay please dial +44 207 108 6233 (number in UK) and enter the code 13707#. Presentations slides: To download the presentation slides, please visit www.vattenfall.com / Investors / Presentations Webcast To follow Vattenfall’s presentation on the Internet (audio and slides), please click on the link “webcast” which will be displayed on www.vattenfall.com. Please note that you will need “Real Player” or “Windows Media Player” to follow the presentations.