Mannheim, February 25, 2002. In the 1st quarter of 2001/02 (1/10-31/12/2001), MVV Energie AG succeeded in substantially improving results in all of its key economic indicators. Sales rose Euro 139 million (+50%) to Euro 419 million. This healthy growth in sales resulted mainly from expanded power wholesaling, from successful acquisitions in MVV's interregional power business and higher, weather-related heating sales. Compared to last year, earnings before interest, taxes, depreciation and goodwill amortisation (EBITDA) went up 9% to Euro 62 million. Earnings before interest, taxes and goodwill amortisation (EBITA) grew 17% to Euro 41 million.

EBIT improved by 15% to Euro 40 million. The improvement in EBIT primarily resulted from higher earnings in gas, energy from waste incineration and district heating as well as higher contributions from participations. Earnings before taxes (EBT) rose 25% to Euro 32 million. Net earnings after taxes increased 47% to approx. Euro 19 million; net earnings after deducting minority interests went up 54% to Euro 17 million. Earnings per share in accordance with IAS 33 rose 50% to Euro 0.33. In addition to MVV's core business as a distribution utility and multi-utility services provider with activities throughout Europe, MVV Energie AG intends to create a second mainstay with renewable energy. For the whole of fiscal year 2001/02, MVV is staying with its forecast of at least Euro 1.53 billion in sales and Euro 141 million in EBIT. It intends to realise a part of this growth through participations.

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