Essen, 14 November 2007This pressinformation is more than two years old

RWE AG: Ad-hoc-disclosure according to Art. 17 MAR - RWE announces postponement of American Water IPO

The initial public offering of shares in American Water, which was planned for the end of 2007, will be postponed. In light of the currently unfavourable conditions in the US capital market, RWE does not expect that it can achieve an adequate value for American Water at present.

Therefore, for fiscal 2007, the conditions for an increased dividend payout ratio of 70-80% of recurrent net income and a share buyback, both of which were linked to the deconsolidation of American Water as of 31 December 2007, do not exist.

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

RWE Aktiengesellschaft
Investor Relations
Altenessener Straße 27
45141 Essen

T +49 (0) 201-5179-3112
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