RWE is monitored by numerous German and international financial analysts. The list below shows banks and investment firms with their ratings and recommendations for RWE shares. RWE cannot guarantee a complete presentation of this list.

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Reference to recommendations and ratings serves only for reader information and is non-binding. This document does not imply that RWE AG subscribes to these opinions or conclusions in any form whatsoever, or that RWE AG supports or confirms them. RWE AG accepts no liability for the selection, current relevance, completeness or correctness of the analysts’ recommendations reproduced here. None of the information provided is to be understood as an offer for purchase of RWE shares or RWE bonds, or to be advertising same. Any liability on the part of RWE AG for losses incurred by third parties arising from the information contained here is precluded.