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 Annual General Meeting to be held on 12 March 2010. As announced by the company in Mannheim, the dividend for the past 2008/09 financial year (1 October 2008 – 30 September 2009) is to be left unchanged at Euro 0.90 per share. The Supervisory Board thus approved the corresponding proposal submitted by the Executive Board.

MVV Energie AG boosted its sales to around Euro 3.2 billion in the past twelve months and generated adjusted EBIT of Euro 239 million, thus slightly lower than the previous year’s figure of Euro 249 million. In view of this, the company is upholding its dividend policy of recent years, with its emphasis on continuity. Overall, MVV Energie AG will distribute a total dividend of Euro 59.3 million.

The Supervisory Board will propose Carsten Südmersen, Chairman of the CDU group on Mannheim City Council, to the Annual General Meeting for election to the Supervisory Board to succeed the retiring member, Prof. Dr. Norbert Loos. The Supervisory Board would like Heinz-Werner Ufer, CEO of the Dortmund-based company RWE Energy AG, to succeed Dr. Rudolf Friedrich as the representative of independent shareholders. Ufer is leaving the RWE Group at his own request at the end of the year. Moreover, the Annual General Meeting should confirm Dr. Dieter Steinkamp, CEO of the Cologne-based company RheinEnergie AG, as a member of the Supervisory Board of MVV Energie AG following his appointment by court order in July already. The period in office of the entire Supervisory Board runs until the conclusion of the Annual General Meeting in 2011.

Mannheim, 18 December 2009