E.ON AG
10/07/2008  02:51 h
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  Purpose 2007 Corporate Governance Report Declaration of Compliance Corporate Governance System Board of Management Supervisory Board Directors´ Dealings Share-Based Payment   Overview Stock Appreciation Rights program     SAR Tranches Measurement Outstanding SAR     Share Performance-Plan Code of Ethics Articles of Association

Tranch Cooperation

The following table shows the existing tranches of E.ON’s Stock Appreciation Rights program:
Table: Stock Appreciation Rights of the E.ON AG
The SAR of tranches four through seven were exercisable on December 31, 2007.

E.ON Stock

Frankfurt:
CET:
Date: