Mannheim, August 15, 2002. In the 1^st-3^rd quarters of fiscal year 2001/02 (1/10/2001-30/6/2002), MVV Energie AG continued to increase its sales in comparison to the same period last year. Sales rose by Euro 448 million (+52%) to Euro 1312 million. This healthy growth in sales essentially resulted from expanding power wholesaling, from initial consolidation of new participations in Solingen, Ingolstadt and Bydgoszcz, which were included in the results of MVV Energie AG as at 1/1/2002, as well as Brno as at 1/12/2001 and from marketing successes in the interregional power business. Due to these positive developments in sales, the sales forecast of MVV Energie AG for fiscal year 2001/02 has been raised from Euro 1.5 billion to Euro 1.7 billion. For the period reported here, earnings before interest, taxes, depreciation and goodwill amortisation (EBITDA) amounted to Euro 207 million, EBIT before goodwill amortisation (EBITA) to Euro 132 million, EBIT to Euro 124 million and earnings before taxes (EBT) to Euro 93 million.

Net earnings for the period (after taxes after deducting earnings of participations) was Euro 53 million; this corresponds to earnings per share of Euro 1.04 for the 1^st-3^rd quarters of 2001/02. Comparison of these figures with last year is greatly affected by one-off factors in-volved in the sale of EnBW shares in the 2^nd quarter 2000/01. These factors had a positive, one-off impact on EBIT of Euro 34 million for the 1^st-3^rd quarters of 2000/01. The following comparison will thus initially show the changes in these figures when adjusted for these factors and when not adjusted for them (in brackets): EBITDA +28% (-17%), EBITA +36% (+1%), EBIT +34% (-2%), EBT +39% (-8%), Net earnings for the period (after taxes after deducting earnings of participations) +107% (+26%). Healthy growth is thus indicated by all indicators when the figures for last year have been adjusted for these one-off factors. This growth mainly resulted from higher earnings in electric power, district heating and gas as well as from the new participations. MVV Energie AG has re-confirmed its forecast for an EBIT of Euro 141 million for the whole of fiscal year 2001/02.

Contact:
MVV Energie AG
Investor Relations
Tel.:++49(0)621-290-3708
E-Mail: ir@mvv.de