Vattenfall sells its shares in NESA a/s in Denmark and changes the name of its Danish company

Vattenfall sells its shares in NESA a/s in Denmark and changes the name of its Danish company Vattenfall is to sell all its shares in the Danish company NESA a/s. Vattenfall has also decided to change the name of its wholly-owned Danish company Ström a/s to Vattenfall Danmark a/s. Vattenfall has signed an agreement with DONG, Dansk Olje og Naturgas, on the sale of its holdings in NESA, which account for 11.5 per cent of the total share capital, to DONG for a total of DKK 472.8 million (approximately SEK 582 million). This will provide a gain in relation to the book value of approximately SEK 431 million. Vattenfall purchased the NESA shares at the end of 1996. " We have got a good price and are delighted with this deal," says Vattenfall's President and CEO, Lars G Josefsson. The Board of Vattenfall's wholly-owned electricity trading company Ström a/s has also decided to change the name of the company to Vattenfall Danmark a/s. "The name is being changed in order to be able to make the most of Vattenfall's strong brand name and good reputation on the Danish market, not least now that we are focusing more on the biggest customers," says Ström's Managing Director, Per Ebert. "These two changes mean that Vattenfall will focus its energies and strengthen its market profile on the Danish market," says Lars G Josefsson. From Vattenfall's Press Office, telephone 08-739 50 10 For more information, please contact: Karl-Erik Olsson, Press Director, Vattenfall, telephone +46 70 538 81 38. Per Ebert, Managing Director, Ström a/s, telephone +45 70 25 15 70 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/06/14/20040817BIT21460/wkr0001.pdf