Ad-hoc | 22 November 2005 09:32

E.ON AG: E.ON ends talks with Scottish Power plc on possible takeover

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— E.ON AG has ended the talks with Scottish Power plc on a possible takeover. In the talks E.ON proposed a cash acquisition at a price of 570 pence per share, less special dividends, especially Scottish Power’s intended distribution from the sale of its US subsidiary PacifiCorp. In addition, Scottish Power shareholders would have received ordinary dividend payments in accordance with Scottish Power’s existing dividend policy until completion of the transaction. Scottish Power has informed E.ON that it would not pursue the proposal any further. Details are contained in the annoncement made by E.ON in accordance with the British Takeover Code. For further details, please visit http://www.eon.com E.ON AG E.ON-Platz 1 40479 Düsseldorf Deutschland ISIN: DE0007614406 (DAX) WKN: 761440 Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart; Eurex; New York End of ad hoc announcement (c)DGAP 22.11.2005