RWE Aktiengesellschaft / IPO/Forecast 23.04.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Essen, 23 April 2008 The Executive Board of RWE has decided to sell 58 million of American Waters shares at US$ 21.50 per share. This amounts to approx. 36% of American Waters shares outstanding. Trading will start on 23 April 2008 at the New York Stock Exchange. Net proceeds of approx. US$1.2 bn (0.8bn) from the offering will go to RWE. In addition, RWE has granted the underwriters a 30-day option to purchase up to 8.7 million shares of common stock ('greenshoe'). This share offering results in a net income charge of up to approx. 0.6bn. Until now, net income had been expected to increase by more than 10% in 2008. This forecast can no longer be maintained. RWE now expects net income slightly below the previous years level. Operating result and recurrent net income, which is RWEs key dividend determinant, will remain unaffected. RWE Aktiengesellschaft DGAP 23.04.2008 --------------------------------------------------------------------------- Language: English Issuer: RWE Aktiengesellschaft Opernplatz 1 45128 Essen Deutschland Phone: +49 (0)201 12-00 Fax: +49 (0)201 12-15199 E-mail: contact@rwe.com Internet: www.rwe.com ISIN: DE0007037129, DE0007037145 WKN: 703712, 703714 Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf; Freiverkehr in Berlin, Hannover, München, Hamburg, Stuttgart; Terminbörse EUREX; Foreign Exchange(s) SWX End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: RWE AG:RWE sells approx. 36% of American Waters shares at the New York Stock Exchange; update of the net income forecast for 2008
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