Vattenfall has completed acquisition of HEW shares from E.ON Energie

Vattenfall has completed acquisition of HEW shares from E.ON Energie Vattenfall and E.ON Energie yesterday concluded the share transfer agreement concerning Vattenfall's acquisition of 15.4 per cent of the shares, i.e. 14 190 000 shares, in Hamburgische Electricitäts-Werke (HEW). The deal means that Vattenfall is disposing of its shareholdings in Lithuanian Power Company (LPC), the Czech company Vychodoceska Energetika (VCE) and Baltic Cable. Earlier this month, Vattenfall acquired 20 064 010 shares in HEW, corresponding to 21.8 per cent of the total capital, from Sydkraft AB. Following this deal with E.ON Energie, Vattenfall's holding in HEW now amounts to 71.3 per cent. HEW is the fifth largest power group in Germany with approximately one million customers, sales of over SEK 20 billion and almost 7 000 employees. The agreement between Vattenfall and E.ON Energie represents the final implementation of the preliminary agreement presented earlier. Vattenfall is working with the US energy group Mirant and the German companies HEW, Bewag, Veag and Laubag on building a so-called Fourth Force on the German energy market. This is one element in the Vattenfall Group's work on becoming a leading European energy company. Issued by Vattenfall's Press Office, telephone +46 8 739 50 10. For further information, please contact: Mats Fagerlund, Executive Vice President, Corporate Legal Affairs and M&A, Vattenfall AB, telephone: +46-8-739 76 42. Karl-Erik Olsson, Press Director, Vattenfall AB, telephone: +46-8-739 75 83. Vattenfall's vision is to be a leading European energy company. The Nordic region, Poland and Germany are its domestic markets. Today, Vattenfall generates power and supplies energy solutions to 2.2 million customers in the Nordic region and northern Europe. The largest electricity customers are industrial plants and energy companies. Vattenfall's main products are electricity, heat and natural gas, as well as network, consulting and maintenance services. Vattenfall's net sales in 2000 amounted to almost SEK 32 billion. Sales included 83 TWh electricity and 17 TWh heat ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/05/18/20040817BIT20870/wkr0001.pdf