Essen, 16 December 2015
       
     
     
      
     
     
     
      
      
      
       By a declaration dated 15 December 2015 RWE Aktiengesellschaft has waived
       
       the right to early call and redeem the following subordinated notes
       
       
       EUR 700,000,000 Subordinated Notes issued on 14 April 2015 (XS1219498141),
       
       EUR 550,000,000 Subordinated Notes issued on 14 April 2015 (XS1219499032)
       
       and
       
       USD 500,000,000 Subordinated Notes issued on 23 July 2015 (XS1254119750)
       
       
       (together the 'Subordinated Notes') according to section § 5 para. 2 of the
       
       Terms and Conditions of the Subordinated Notes (the 'Terms and Conditions')
       
       in case of an Rating Agency Event due to an Equity Credit Rating Downgrade
       
       according to section 5 para. 3 (b) of the Terms and Conditions.
       
       
       Essen, 16 December 2015
       
       RWE Aktiengesellschaft
       
       
      
     
     
      
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 Please contact our Investor Relations Team with any questions that you may have:
 
 
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          | RWE Aktiengesellschaft Investor Relations
 Altenessener Straße 27
 45141 Essen
 Germany
 
 
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           +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
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           +44 (0) 20 7015 5459
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