Standard & Poor's Revises Vattenfall AB's Outlook to Stable

Standard & Poor's Revises Vattenfall AB's Outlook to Stable Standard & Poor's (S&P) has announced today that the rating agency revised its outlook on Vattenfall AB from negative to stable. At the same time, the rating agency affirmed its "A-/A-2" corporate credit rating on Vattenfall. For further information please refer to S&P website under www.standardandpoors.com (under Fixed Income in the left navigation bar, select Credit Ratings Actions) or go to our corporate website www.vattenfall.com (under Investors, select Credit Ratings). From Vattenfall's Press Office, telephone: +46 8 739 50 10. For more information, please contact: Klaus Aurich, Head of Investor Relations, phone +46 (8) 739 6514 Martin May, Head of Media Relations, phone +46 (8) 739 52 70, mobile +46 (70) 539 52 70. 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. For more information, see www.vattenfall.com . Under NEWS & COMMENTS you will find media service, including Press Releases and Key Events. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/04/04/20040817BIT21850/wkr0001.pdf