Corporate Governance at RWE

RWE attaches significant importance to responsible corporate governance in line with the recommendations of the German Corporate Governance Code. We have usually fully accomplished this in the past. Deviations generally occur only in cases where the Code has been refined and implementing the new recommendations takes some time. This also applies to the compliance period that just ended. We cannot yet adhere to two points in the version of the Code published on 15 June 2012. However, in future we intend to once again comply fully by introducing new rules on the compensation of the Supervisory Board and the independence of its members.

The complete text of the code as well as further information concerning the code are available at

www.corporate-governance-code.de/index-e.html