E.ON AG / AGM/EGM/Dividend 30.04.2008 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- E.ON again with one of highest dividends in Germany 22 percent dividend increase proposed New Supervisory Board members A successful 2007 business year with a 10 percent rise of the Adjusted EBIT and significantly improved growth prospects especially on core markets in Europe: These positive messages are at the forefront of E.ON's annual general meeting. Given the good development of results in 2007, the Board of Management and Supervisory Board are proposing to today's AGM in Essen a further 22 percent increase in the dividend to 4.10 per share. E.ON CEO Wulf H. Bernotat: 'E.ON is again one of the companies with the highest dividends in Germany. Our growth strategy has also met with broad approval on international capital markets. This is also shown by the pleasing 42 percent share price increase last year, which well exceeded the DAX's development.' Investment programme successfully started Also positive is the implementation so far of E.ON's surely unique investment programme, which was adopted in May 2007 and has now been increased to 63 bn. Mr. Bernotat: 'We are progressing faster than planned with the implementation of our programme. Thanks to organic growth and targeted acquisitions in particular, we are strengthening our business in Europe as our core market and tapping growth opportunities in other regions. Last but not least, we are creating jobs: about 15,000 in Germany and 30,000 in Europe.' Last year, E.ON succeeded in reinforcing its position on the main markets and developing new platforms for future growth. For example, E.ON entered the high-growth Russian power market by acquiring a majority stake in OGK-4, a major power plant company. In Spain and Italy, E.ON is considerably expanding its position by buying a substantial package of shareholdings from Enel and Acciona. At the same time, E.ON is entering the attractive French power generation market. In northern Europe, too, E.ON has laid the basis for consolidating its position. By taking over Statkraft's minority stake in E.ON Sverige, E.ON is gaining complete control of its Nordic business. In the gas sector, E.ON expanded its upstream position by acquiring stakes in the Skarv and Idun gas fields in the Norwegian Sea. Together with adjoining fields, the area is one of the largest and most attractive gas deposits in Norway still to be developed. Major progress in development of renewables E.ON has made considerable progress above all in the field of renewables. By acquiring ENERGI E2 Renovables Ibéricas with wind power activities in Spain and Portugal as well as the business of Airtricity in the US and Canada, E.ON has already moved up to seventh position on the global growth market for wind energy. In addition, E.ON has put a number of new wind farms into operation. Since May 2007 the company has trebled its renewables capacity from 420 MW to 1,350 MW. Mr. Bernotat: 'Our aim is to be one of the world's top 5 in this sector. This goal and our success so far have prompted us to double our planned investments in renewables to 6 bn for the four years from 2007 to 2010. This shows that climate protection is an integral part of our growth strategy.' E.ON energy mix to be 50 percent CO2-free in 2030 Nonetheless, in the coming decades, coal, gas and nuclear energy will still be needed alongside renewables, which are not yet suitable for meeting baseload demand. This is the only way of ensuring a secure, climate friendly and affordable energy supply. E.ON is therefore seeking an energy mix that meets those three overriding objectives. Bernotat: 'We need a balanced energy mix which enables us to offset the cost risks of different energy sources and generally minimise our dependence on imports. It is therefore essential to make coal-based power generation increasingly efficient and at the same time develop carbon capture and storage (CCS) further. E.ON is involved in a number of international projects aimed at bringing this technology to market maturity by 2020. We are striving for an energy mix which is more than 50 percent CO2-free by 2030 - by greatly increasing the share of renewables but also by utilising nuclear energy and CO2-free coal-fired power stations. CO2 output from the other half of our power generation based on coal and gas is to be considerably reduced with the aid of highly efficient technologies. In all, we want to lower our specific CO2 emissions by at least 50 percent by 2030. Outlook: Focusing on organic growth and integration Following numerous acquisitions and takeovers in 2007 and 2008, E.ON intends to focus on organic growth of the company on European markets in the coming years. Mr. Bernotat: 'Our investment programme sets the direction up to 2010. We will continue to implement this programme resolutely and thus strengthen and expand our market positions. A key task ahead will be to integrate our newly acquired shareholdings, improve synergies and consolidate the Group as a whole. This is a highly important task.' New Supervisory Board members At the AGM, the E.ON shareholders will decide on changes to the E.ON Supervisory Board. Rolf E. Breuer, former Deutsche Bank CEO, Klaus Liesen, former Ruhrgas CEO and Karl-Hermann Baumann are stepping down. The new Supervisory Board members proposed are Werner Wenning, Bayer CEO, Bard Mikkelsen, CEO of Statkraft, Norway, and Karen de Segundo, until recently Shell director of renewables. --------------------------------------------- This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group management and other information currently available to E.ON. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON AG does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments. Dr. Peter Blau Executive Vice-President Corporate Communications E.ON AG T. +49-211-4579-628 Dr. Jens Schreiber Vice President Media Relations E.ON AG T. +49-211-4579-544 DGAP 30.04.2008 --------------------------------------------------------------------------- Language: English Issuer: E.ON AG E.ON-Platz 1 40479 Düsseldorf Deutschland Phone: +49 (0)211 4579-0 Fax: +49 (0)211 45 79-5 01 E-mail: investorrelations@eon.com Internet: www.eon.com ISIN: DE0007614406 WKN: 761440 Indices: DAX, EURO STOXX 50 Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard), Hannover, Düsseldorf, Stuttgart, München, Hamburg; Terminbörse EUREX; Foreign Exchange(s) Mailand End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: E.ON AG: again with one of highest dividends in Germany
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