• Enterprise value amounts to circa € 5.1 billion
• Finalisation of contract in short order
• Essential contribution to improving RWE's financial strength

RWE AG and LetterOne Group have today agreed terms for the sale of RWE Dea AG at an enterprise value of some € 5.1 billion and on the major contractual conditions. They will clarify the further details shortly in order to enter into the sale and purchase agreement. The enterprise value includes ca. € 0.6 billion in assumed liabilities.

Peter Terium, CEO of RWE AG: “This agreement is a major milestone in delivering our announced strategic realignment of the group. In addition, it is a further and essential step towards improving our financial strength.” He welcomes LetterOne Group’s plans: “At the same time, LetterOne Group’s intention to make RWE Dea the principal conduit of the group’s investments in the oil and gas industry supports RWE Dea as a solid, German-based, oil & gas operator with even stronger international growth ambitions.”

The transaction will be subject to the approval of the Supervisory Board of RWE AG and of authorities in several countries. It is expected to close later this year.


About RWE Dea
RWE Dea AG, headquartered in Hamburg, is an international operator in the field of exploration and production of natural gas and crude oil. RWE Dea has production facilities in Germany, the United Kingdom, Norway, Denmark and Egypt; it holds licences in Algeria, Ireland, Libya, Mauritania, Poland, Turkmenistan and Trinidad & Tobago. In Germany, RWE Dea also operates large-scale underground storage facilities for natural gas

About LetterOne Group
LetterOne is a privately owned Luxembourg-based global investment vehicle which was founded in 2013. It is focused on utilising its financial resources, management and investment expertise to make value-driven investments in the Energy and Telecoms sectors through L1 Energy and LetterOne Telecom.

Kind regards,
Your RWE Investor Relations Team