RheinEnergie AG to become strategic partner of MVV Energie AG

Mannheim, 24 May 2007. The Steering Committee of the City of Mannheim today resolved to recommend to the City Council that 16.1 % of the shares indirectly held in MVV Energie AG by the City of Mannheim be sold to RheinEnergie AG, Cologne, and that an agreement concerning the further strategic development of MVV Energie AG and permanently safeguarding the influence of the City of Mannheim on MVV Energie AG be concluded with RheinEnergie AG. The purchase price is expected to amount to around Euro 300 million.

At an extraordinary session to be held on 12 June 2007, the Mannheim City Council is scheduled to decide on the sale of shares to RheinEnergie AG.

The City of Mannheim currently indirectly owns around 66.20% of the shares in MVV Energie AG via its shareholdings in MVV GmbH and MVV Verkehr AG.

Contact:
MVV Energie AG
Hiko Schomerus, Investor Relations
Tel.:++49(0)621-290-3567
E-Mail: ir@mvv.de