Supervisory Board of MVV Energie proposes increase in dividend to Euro 0.90

Mannheim, 19 December 2008. At its meeting on Friday, the Supervisory Board of the Mannheim-based energy company MVV Energie AG, which is listed in the SDAX, adopted the resolutions required for the Annual General Meeting on 13 March 2009. Accordingly, it is proposed to raise the dividend for the past 2007/08 financial year (1 October 2007 - 30 September 2008) by Euro 0.10 to Euro 0.90 per share. The Supervisory Board has thus endorsed the corresponding proposal made by the Executive Board.

With sales of around Euro 2.6 billion and sustainable operating earnings (excluding the positive IAS 39 valuation item) of Euro 249 million in the past twelve months, MVV Energie thus achieved significant growth compared with the earnings of Euro 199 million reported for the previous year and intends to allow its shareholders to benefit as well in the form of a higher dividend. The company is therefore maintaining its dividend policy of the past years, with its focus on continuity and growth.

Contact:
MVV Energie AG
Marcus Jentsch, Investor Relations
Tel.: ++49(0)621-290-2292
E-Mail: ir@mvv.de