Stable first quarter results despite challenging marketconditions

Vattenfall reports a stable underlying first quarter 2013 operating profit despite
challenging market conditions. Increased electricity generation and high nuclear power
availability contributed to the result. Vattenfall continues to improve operational
efficiency.

• Net sales rose 1.4% to SEK 49,659 million (48,994).

• The underlying operating profit was stable and amounted to SEK 11,625 million (11,629).

• Profit for the period (after tax) was SEK 6,195 million. The 2012 first quarter profit included a capital
gain of approximately SEK 8.1 billion due to the sale of Vattenfall’s electricity distribution and heating
business in Finland.

• Electricity generation increased by 7.9% to 52.2 TWh (48.4).

• Vattenfall’s nuclear power plants, Forsmark and Ringhals, achieved combined availability of a full 97.1% during the quarter and generated a total of 14.5 TWh of electricity.

CEO’s comments

- The market conditions during the first quarter of the year were challenging, but thanks to the solid efforts by
our employees and a favourable generation mix, Vattenfall can report an underlying operating profit that is
level with the first quarter of 2012. Higher electricity generation volumes and higher sales of gas and heat
have compensated for lower electricity prices achieved and higher fuel costs. The market outlook remains
weak, and we are therefore continuing to improve the efficiency of operations and reduce our costs. During
the past quarter we announced the potential departure of approximately 2,500 employees from Vattenfall as
the company works to lower costs by SEK 3 billion in 2013 and by another SEK 1.5 billion in 2014, says
Øystein Løseth, President and CEO.

Vattenfall discloses this information pursuant to the Swedish Securities Market Act.

For more information, please contact:
Ivo Banek, Head of Media Relations Vattenfall, telephone +46 (0) 8 739 50 10
Klaus Aurich, Head of Investor Relations, telephone +46 8 739 65 14, mobile +46 70 539 65 14
From Vattenfall’s Press Office, telephone: +46 (0) 8 739 50 10, press@vattenfall.com

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