E.ON sells stake in Horizon Nuclear Power

Agreed purchase price of £348 million

E.ON has agreed to sell its stake in Horizon Nuclear Power to Hitachi. The purchase price for E.ON’s 50-percent stake in the joint venture (JV) is approximately £348 million (EUR 433 million1). RWE, the JV partner, has also agreed to sell its 50-percent stake to Hitachi. The transaction is expected to close before the end of November.

By agreeing to sell its stake in Horizon Nuclear Power, E.ON has taken an important step in refocusing its operations in the United Kingdom and has made further progress toward generating approximately EUR 15 billion through disposals by the end of 2013.

E.ON and RWE formed the Horizon Nuclear Power JV in 2009 to pursue the construction of new nuclear power stations in the United Kingdom. The sale is in line with E.ON’s revised strategy for the U.K. market announced in March 2012.

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.1 Based on the currency-rate as of Oct. 29, 2012, 13:00 CET: 1 GBP = 1,245 EUR