E.ON has established a Disclosure Committee to support the Board of Management and to be responsible for correct and timely financial disclosures. Its members come from various departments of E.ON AG and are, owing to their functions, particularly suited for the committee’s tasks.

 

The effectiveness of the financial disclosure controls and procedures at E.ON AG and at the market unit lead companies is regularly assessed by E.ON AG Internal Audit and by our Independent Auditor.

 

In August 2007, the E.ON AG Board of Management decided to submit applications to delist E.ON American Depositary Receipts from the New York Stock Exchange (“NYSE”) and to deregister and end its reporting obligations with the U.S. Securities and Exchange Commission (“SEC”). Since neither the NYSE nor the SEC raised objections during the review period, the delisting and deregistration took effect. As of the 2007 financial year, E.ON is therefore no longer required to fulfill, among other requirements, the requirements contained in Section 404 of the Sarbanes-Oxley Act regarding internal controls over financial reporting.

 

Nevertheless, in 2007 E.ON’s management and Internal Audit carried out an assessment of our documented internal controls over financial reporting. E.ON determined that, as of December 31, 2007, there are no significant deficiencies or material weaknesses in the E.ON Group’s internal controls over financial reporting. Our Independent Auditor confirmed this finding after conducting a risk-oriented assessment of our internal controls over financial reporting.