Sales at more than Euro 2.6 billion in past 2007/08 financial year, operating earnings at Euro 249 million - Success in nationwide electricity sales and environmental energy business

The Mannheim-based energy company MVV Energie successfully maintained its growth course in the past 2007/08 financial year (1.10.2007 - 30.9.2008) following a weaker performance in the previous year due to the very mild winter. As announced by the company upon the publication of its preliminary annual results on Thursday, operating earnings (EBIT) excluding energy trading transactions requiring recognition under international accounting guidelines (IAS 39) amounted to Euro 249 million and were thus 25 percent higher than the figure of Euro 199 million reported for the previous year. Annual sales net of energy taxes increased by around 17 percent over the same period to more than Euro 2.6 billion.

Dr. Werner Dub, a member of the company's Executive Board, expressed his great satisfaction with these annual results - "we are thus absolutely on course". With its unique business portfolio, MVV Energie had thus posted a very successful business performance even in difficult times on the energy markets, with drastic rises in procurement costs and increasing competition. "We are less dependent on macroeconomic developments than many of our competitors."

In the past financial year, the MVV Energie Group significantly increased its annual net surplus after minority interests (after IAS 39) from Euro 109 million to Euro 170 million and its earnings per share from Euro 1.96 to Euro 2.60.

According to Dub, the improvement in earnings had been driven in particular by the nationwide sale of electricity to industrial and commercial customers and profitable growth in the environmental energy segment, with the first full-year operations at the second non-recyclable waste incineration line at the Leuna II energy from waste plant. He also mentioned volume growth in the district heating and gas businesses due to cooler weather conditions compared with the unusually mild weather in the 2006/07 heating period and cost savings resulting from optimisation measures. At the same time, the company is relying on the business opportunities harboured by the new climate and environmental protection programmes on state, federal and European Union levels. "In our energy-related services business division, we are already one of the German market leaders when it comes to energy efficiency and energy saving", added Dub. "Looking to the energy supply of the future, we are also investing in renewable energies and new technologies, such as fuel cells and other mini CHP plants."

MVV Energie will present its definitive consolidated financial statements for 2007/08 at its An-nual Results Press Conference in Frankfurt on 27 January 2009. The Annual General Meeting will take place at the Rosengarten Congress Center in Mannheim on 13 March 2009.

Mannheim, 20 November 2008

Preliminary key figures
of the MVV Energie Group pursuant to IFRS:

Euro million	2007/2008	2006/2007	+/-% change
Sales excluding electricity and natural gas taxes	2 636	2 259	+ 17
EBITDA	486	359	+ 35
EBIT	337	215	+ 57
EBIT before to IAS 39	249	199	+ 25
EBT	269	139	+ 94
Annual net surplus	185	126	+ 47
Annual net surplus after minority interests	170	109	+ 56
Earnings per share (in Euro)1	2.60	1.96	+ 33
Free cash flow2	54	188	- 71
1 increase in number of shares (weighted annual average) from 55.8 million to 65.3 million    due to capital increase
2 cash flow from operating activities less investments in intangible assets, property, plant and    equipment and investment property