MVV Energie AG

ots Ad hoc-Service: MVV Energie AG MVV Energie AG is expected to get the nod from the Solingen Public Utility

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. -----------------------------------------------------

    Mannheim (ots Ad hoc-Service) -      
    
    The Lord Mayor of the City of Solingen announced on March 28,
2001, that 49.9% of the shares in the Solingen Public utility (SWS
GmbH) would probably be sold to MVV Energie AG as of January 1, 2002.
The City Council of Solingen will make a final decision on the sale
to MVV Energie AG on May 17, 2001. With this participation in SWS
GmbH, MVV Energie AG will continue to implement its strategy of
growth. This tentative decision in favour of MVV Energie AG was made
following an international bidding procedure, in which a number of
major energy utilities took part. All of the economic effects of the
mass-transit division will be absorbed by the previous sole
shareholder, the City of Solingen. In fiscal year 2000, SWS GmbH had
sales of DM 260 million, earnings before interest and taxes (EBIT) of
DM 52 million, and net earnings before taxes (EBT) of DM 26 million
according to the results of tentative financial statements. With its
core business in supplying electric power, natural gas and water
service, SWS GmbH has direct access to 110 000 customers. With its
Europe-wide energy trading and its broad portfolio of value-added
energy services, MVV Energie AG will be able to support SWS GmbH in
expanding its strong regional market position and will thus be able
to gain access to the Rhine-Ruhr region, one of the most important
metropolitan areas in Germany.

    Contact:

    MVV Energie AG Investor Relations Luisenring 49 68159 Mannheim Tel. +49(0)621-290-2392 Fax +49(0)621-290-3075 E-Mail: w.schwannecke@mvv.de Internet: www.mvv-investor.de

    WKN: 725590; Index: SMAX Listed: Amtlicher Handel in Frankfurt und Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg und München

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