E.ON AG
07/04/2008  17:01 h
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  Stock   Stock-Price Information Interactive Stock-Tool Stock Value Calculator Historic Stock-Price Stock Key Figures Dividend Shareholder Structure Capital Stock Share Buyback     Overview June 2008 May 2008 April 2008 March 2008 February 2008 2007     Registered Shares/Share Split ADR Program Bonds

Share Buyback

Our share buyback program started on June 27, 2007. As part of this program, E.ON plans to buy back stock worth approximately EUR7 billion by the end of 2008. The shares will be cancelled later in order to reduce the capital stock. With the share buyback, we will decrease our equity while simultaneously increasing our indebtedness. This is an important step towards making our capital structure more efficient. The buyback also reflects our confidence in the valuation upside of our stock.

In 2007, E.ON bought back shares worth around EUR3.5 billion. Shares amounting to a further EUR3.5 billion are to be bought back in 2008. Based on the stock’s June 26, 2007 trading price (EUR120.0 per share), we can acquire approximately 58 million shares. Depending on the development of the share price, the effective number can be higher or lower. We will regularly inform you here on the progress of the share buyback program.
Overview of purchases completed under the buyback programme
Date Number of shares Average price in EUR Purchased volume in EUR
June 2007
745,189 121.5836 90,602,730
July 2007
5,973,230 120.7298 721,147,157
August 2007
5,993,693 117.1902 702,401,996
September 2007
6,042,361 123.6401 747,078,381
October 2007
4,393,320 130.5469 573,534,198
November 2007
3,202,826 135.1674 432,917,759
December 2007
1,624,325 143.0242 232,317,712
February 2008
3,119,861 128.8655 402,042,327
March 2008
2,392,040 121.2594 290,057,249
April 2008
1,698,795 122.4373 207,995,842
May 2008
1,808,000 130.9185 236,700,690
June 2008 1,866,187 130.5786 243,684,010
Total 38,859,827 1 125.5919 4,880,480,053
Overview of purchases completed under the buyback programme using derivatives
(Sale of put options) 1
Date on which
options contract
entered into
Type
of option
Number of
options/shares 2
Strike price
in EUR
Shares acquired/
purchased volume
in EUR
08/24/2007
Put-Option,
European
1,000,000
(= 1,000,000 Shares)
112.8477 -
08/27/2007
Put-Option,
European
1,000,000
(= 1,000,000 Shares)
112.1747 -
08/28/2007
Put-Option,
European
1,000,000
(= 1,000,000 Shares)
113.3701 -
09/19/2007
Put-Option,
European
500,000
(= 500,000 Shares)
113.6194 -
09/20/2007
Put-Option,
European
500,000
(= 500.000 Shares)
114.1187 -
09/21/2007
Put-Option,
European
500,000
(= 500,000 Shares)
113.6089 -
09/24/2007
Put-Option,
European
500,000
(= 500,000 Shares)
113.9036 -
09/25/2007
Put-Option,
European
500,000
(= 500,000 Shares)
115.1777 -
09/26/2007
Put-Option,
European
500,000
(= 500,000 Shares)
116.6643 -
09/28/2007
Put-Option,
European
500,000
(= 500,000 Shares)
116.3749 -
10/01/2007
Put-Option,
European
500,000
(= 500,000 Shares)
115.6855 -
10/02/2007
Put-Option,
European
500,000
(= 500,000 Shares)
115.0082 -
10/03/2007
Put-Option,
European
500,000
(= 500,000 Shares)
114.2446 -
10/05/2007
Put-Option,
European
500,000
(=500,000 Shares)
116.2547 -
10/10/2007
Put-Option,
European
500,000
(= 500,000 Shares)
114.9271 -
10/11/2007
Put-Option,
European
500,000
(= 500,000 Shares)
114.6912 -
10/12/2007
Put-Option,
European
500,000
(= 500,000 Shares)
114.4503 -
01/22/2008
Put-Option,
European
1,000,000
(= 1,000,000 Shares)
115.3082 -
01/23/2008
Put-Option,
European
1,000,000
(= 1,000,000 Shares)
108.1330 -
01/24/2008
Put-Option,
European
1,000,000
(= 1,000,000 Shares)
113.4417 -
01/28/2008 Put-Option,
European
500,000
(= 500,000 Shares)
112.7494 -
Total 13,500,000

E.ON Stock

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