DGAP-Adhoc

E.ON SE: Supervisory Board approves new strategy and spinoff of conventional upstream and midstream business to E.ON SE shareholders in 2016 as well as a new dividend target for the 2014 and 2015 financial years

E.ON SE / Key word(s): Strategic Company Decision/Dividend

30.11.2014 20:02

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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- E.ON Supervisory Board approves new strategy and spinoff of
conventional upstream and midstream business to E.ON SE shareholders in
2016 as well as a new dividend target for the 2014 and 2015 financial
years

- Impairment charges on a scale of approximately EUR4.5 billion
anticipated

- Board of Management confirms 2014 outlook for EBITDA and underlying net
income

Today the E.ON Supervisory Board approved the new strategy decided on by
the Board of Management, including carving out the company's conventional
upstream and midstream business (conventional power generation, global
energy trading, and exploration and production), spinning off a majority of
it to E.ON SE shareholders, and listing the shares on the stock market in
2016. E.ON would then deconsolidate its remaining stake. The Supervisory
Board also approved the proposal to deviate from the company's current
dividend policy by aiming to pay out a fixed dividend of EUR0.50 per share
for the 2014 and 2015 financial years.

Beyond the impairment charges already disclosed in the first three
quarters, E.ON expects to record additional impairment charges on a scale
of approximately EUR4.5 billion in 2014, primarily on its operations in
Southern Europe and on generation assets. Although not cash-effective, the
impairment charges will result in E.ON reporting substantial negative net
income for the 2014 financial year.

E.ON reaffirms its outlook for full-year 2014 EBITDA of between EUR8.0 and
EUR8.6 billion and underlying net income of between EUR1.5 and EUR1.9
billion.


30.11.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: E.ON SE
E.ON-Platz 1
40479 Düsseldorf
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.eon.com
ISIN: DE000ENAG999
WKN: ENAG99
Indices: DAX, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
EUREX; Mailand

End of Announcement DGAP News-Service

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