Ad-hoc | 14 May 2003 10:06

EVN AG english

EVN to lower its gas prices Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– On June 1, 2003, EVN is to cut its gas prices through a change in its network charges. Moreover, on August 1, EVN plans to introduce the “Optima” tariff scheme for its natural gas customers, in a move similar to that already taken for electricity. Apart from the proven, free energy day bonus system, in future customers will also receive free gas accident insurance. At present, intensive work is being undertaken to assess the precise effects of the new structure. However, it can be said that for an average household with 20,000 kWh of gas consumption annually kWh (1,870 m3 correspond with a small family home), the yearly savings will amount to around EUR 40. In order to secure its future earnings power EVN intends to react with a package of measures. Due to the advanced current business year and the low gas consumption during summer time, the price cut will only have effect on the coming financial year. The new charges regulation create a number of questions. These are currently the object of detailed legal examination in the interest of security of supply to the customer and network quality. end of ad-hoc-announcement (c)DGAP 14.05.2003 ——————————————————————————– WKN: 074105; ISIN: AT0000741053; Index: ATX Listed: Amtlicher Handel in Wien; Amtlicher Markt in Frankfurt (General Standard, WKN 878279) und München; Freiverkehr in Berlin-Bremen und Stuttgart 141006 Mai 03