Essen, 16 September 2003This pressinformation is more than two years old

RWE Trading Exits US Energy Trading

RWE Trading Americas Inc. will exit North American energy trading.

Following a recent review of RWE´s trading activities the future focus will be in the European markets where the company has both a competitive advantage and an asset portfolio. As a result it has been decided to close its US operations in Houston.

In the coming months, RWE Trading Americas will work with all its various stakeholders to ensure a smooth and orderly exit. In particular, all contractual commitments will be honoured. The Houston-based coal trading operations will continue under the umbrella of SSM Coal Americas but, at some stage in the future, may be relocated to another existing facility of SSM Coal in the US.

RWE Trading Americas' parent, RWE Trading GmbH is located in Essen and is the RWE Group's wholesale energy marketer and the hub for commodities (electricity, gas, coal and oil) traded group-wide. The company trades in all relevant energy commodity markets. At the same time, RWE Trading GmbH adds value to RWE by managing their assets in a market-orientated way. The company forms an integral part of RWE's management of commodity risks. With a workforce of 545 employees, the electricity trading volume of the trading division of RWE Group in the first half-year 2003 exceeded 260 TWh in physical products and 231 TWh in derivatives. RWE Trading ranks among the largest energy traders in Europe. The company operates trading floors in Essen and London and runs trading offices in Amsterdam, Madrid, Vienna and Warsaw.


Please contact our Investor Relations Team with any questions that you may have:

RWE Aktiengesellschaft
Investor Relations
Altenessener Straße 27
45141 Essen
Germany


T +49 (0) 201-5179-3112
E-Mail
RWE Aktiengesellschaft
Investor Relations
London Office
c/o RWE Supply & Trading
60 Threadneedle Street
London EC2R 8HP
United Kingdom
T +44 (0) 20 7015 5459
: This pressinformation is more than two years old