MVV Energie AG Increases EBIT by 13 % to DM 184.3 Million %).

Mannheim, December 13, 1999. The Supervisory Board of MVV Energie AG in Mannheim finalized the financial statements for fiscal year 1998/99 at its meeting on December 13, 1999. Thanks to its concerted activities in power trading, deliveries of electricity rose by 13.4 % to 2.53 billion kilowatt hours. According to the financial statements, sales increased by approx. 2 % to DM 1.1 billion. Sales in electric power were up 2.1 % despite the massive pressure on rates and prices in the second half of fiscal year 1998/99. Earnings before interest and taxes (EBIT) were 13 % above last year's figures at DM 184.3 million. Earnings before taxes climbed 46.2 % to DM 111.1 million. Net earnings after taxes improved substantially to DM 65.6 million (+ 49.4 %). The EBIT to total sales ratio increased to 16.8 % (1997/98: 15.1 %). The return on capital employed (ROCE) amounted to 12.4 % (11.7 %).

Roland Hartung, Chief Executive Officer of MVV Energie AG: "We have expanded our strong position as an energy utility as well as a provider of energy services and are well equipped for the intensive competition in our markets. Our successes in power trading, in cost management and the increases in volume in all of our energy divisions have all contributed decisively to increasing our EBIT."

Contact:
MVV Energie AG
Investor Relations
Luisenring 49
68159 Mannheim, Tel.:++49(0)621-290-3708
Fax: ++49-(0)621-290-3075
E-Mail: ir@mvv.de
Internet: www.mvv-investor.de