Based on our latest survey, at the end of 2023, an estimated 88% of the total of 743.8 million RWE shares were held by institutional investors, with 12% owned by individuals (including employees). At the last count, institutional investors from Germany owned 21% of our capital stock. This investor group accounted for 13% in the rest of Continental Europe, 15% in the United Kingdom / Ireland, 24% in North America and 11% in the Middle East. At the end of 2023, our single-largest shareholder was Qatar Holding, with a stake of 9.1%, followed by US asset management company BlackRock with 6.3%.

^{1 As of the end of 2023; percentages reflect shares in subscribed capital.
Sources: RWE data and notifications from shareholders in accordance with the German Securities Trading Act.}

Information about the calculation of the free float can be found in the Guide to the Equity Indices of Deutsche Börse (as of August 2022).

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.