At its meeting on Friday, the Supervisory Board of MVV Energie AG, Mannheim, an energy company listed in the SDAX, adopted the resolutions required for the company's next Annual General Meeting, which is due to be held on 14 March 2008. As announced by the company in Mannheim following the meeting, the dividend for the past 2006/07 financial year (1 October 2006 - 30 September 2007) should remain unchanged at Euro 0.80 per share. The Supervisory Board has thus endorsed the corresponding proposal made by the Executive Board of the company.

With sales of almost Euro 2.3 billion in the past twelve months, MVV Energie posted operating earnings of Euro 199 million in spite of the very mild winter in the past year, thus virtually matching the previous year's earnings of Euro 201 million. The company intends to enable its shareholders to benefit from this achievement by maintaining its dividend at a constant level compared with the previous year.

"The company's positive performance and the successful execution of the capital increase in November provide us with the necessary scope for our growth strategy", commented Dr. Rudolf Schulten, CEO of MVV Energie. At the same time, the company's strengthened financial foundation enabled it to maintain the shareholder-friendly dividend policy seen in recent years, which was based on continuity. The new shares resulting from the capital increase already enjoy full dividend entitlement for the 2006/2007 financial year. "Our customers will also be benefiting from our successful performance in the form of a price guarantee for electricity in the current year, as will our employees by means of an improved system of profit participation and performance-related bonuses." The proposal adopted by the Supervisory Board involves MVV Energie distributing a total dividend of Euro 52.7 million. The total dividend distribution would thus increase by Euro 8.1 million compared with the previous year.

As a result of the capital increase in October 2007, the number of shares entitled to dividends has increased by 10.1 million to 65.9 million. Based on its current share price of around Euro 31 million, the company's market capitalisation has almost trebled from around Euro 760 million at its IPO in 1999 to just over Euro 2 billion today.

Mannheim, 14 December 2007