Vattenfall to prepare de-listing of German subsidiary

Vattenfall Europe AG, the German subsidiary of Vattenfall AB, decided yesterday during an extra-ordinary Shareholder’s Meeting to squeeze out the remaining minority shareholders in the company. They will be paid a compensation of € 42.60 per share*.

Vattenfall Europe AG was formed in 2002 through a merger of the German companies acquired by Vattenfall. Two of these were stock-listed. In August 2005, Vattenfall’s position exceeded the threshold of 95%, necessary for a squeeze-out under German law. A de-listing of the Vattenfall Europe share will be implemented as soon as the decision has been formally registered. The number of shares held by minority owners amounts to approx. 6.5 million. * If the average share price during three months preceding yesterday’s Shareholders Meeting is higher than € 42.60, the compensation will be raised accordingly. For more information, please contact: Martin May, Head of Media Relations, Vattenfall AB, +46 8 739 52 70. Klaus Aurich, Head of Investor Relations, Vattenfall AB, +46 8 739 65 14. From Vattenfall's Press Office, telephone: +46 8 739 50 10.