Essen, 12 December 2014This pressinformation is more than two years old

RWE AG: Ad-hoc-disclosure according to Art. 17 MAR - Change in Dividend Policy

The Executive Board of RWE AG decided in its meeting today that the dividend proposal will no longer be based solely on recurrent net income starting with the payment for fiscal 2015. So far, the dividend proposal has been oriented towards a payout ratio of 40% to 50% of recurrent net income. In the future, it will be oriented towards RWE’s operating cash flows, indebtedness and earnings position. Opportunities to make growth investments will also be considered.

The Executive Board and the Supervisory Board will continue to attach high importance to the dividend. Dividend continuity and reasonable judgment are major criteria. This is to be done justice by taking the dividend of the preceding year into account among other things when deciding on the dividend proposal. However, this will not go hand in hand with the determination of a minimum dividend.

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