Shareholder Structure

Our latest shareholder structure analysis, which was performed in October 2025, showed that an estimated 85% of the RWE shares outstanding were held by institutional investors, with 15% being owned by individuals (including employee shareholders). Institutional investors from North America held 27% of our capital stock. This investor group accounted for 23% in Germany, 12% in the Middle East, a combined 11% in the United Kingdom and Ireland, and 8% in Continental Europe excluding Germany. Our single-largest shareholder was Qatar Holding, with a stake of 9.3%, followed by US asset management company BlackRock with 5.9%.

Information about the calculation of the free float can be found in the Guide to the Equity Indices of Deutsche Börse (as of January 2024).

Under the German Securities Trading Act (Wertpapierhandelsgesetz), holders of voting rights of a domestic issuer must notify that issuer and simultaneously the German Federal Financial Supervisory Authority (BaFin) of the level of their holding whenever it reaches, exceeds or falls below specified thresholds. These thresholds are 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75% of the issuer’s voting rights.