Share buyback February-May 2008

On February 20, 2008, the Executive Board of RWE AG passed a resolution based on the authorization of the Annual General Meeting of April 18, 2007, to launch a share buyback programme. 31,734,473 shares in RWE AG with a value of some EUR 2.5 billion were bought back between February 21, 2008, and May 16, 2008.

The purchase of the shares was conducted via the stock exchange. The purchase price per share (excluding ancillary purchase costs) was not allowed to be 10% above or below the average closing price quoted on the last three stock market trading days prior to the purchase in the XETRA trading system on the Frankfurt Stock Exchange. The shares that were bought back may be used for any purpose set forth in the authorization resolution of the Annual General Meeting of April 18, 2007.

02/20/2008 - Ad-Hoc Release in Accordance with Sec. 15 of German Securities Trading Act (WpHG) Own Share Transaction: RWE Decides to Conduct Share Buyback

02/20/2008 - Notice in Accordance with Art. 4, Para. 2 of the Directive (EC) no. 2273/2003: RWE Aktiengesellschaft Decides to Conduct Share Buyback Programme

The share buyback programme was finalised on May 16, 2008.

Overview share buyback programme 2008 (as of May 16, 2008)

DateOrdinary sharesPreference sharesTotal number of shares Purchased volume (in €)
Number of sharesPrice
(in €)1)
Number of sharesPrice(in €)1   
February 20086,422,74680.46510 6,422,746516,807,105
March 200812,470,80178.02060 12,470,801972,978,883
April 20087,373,82679.511007,373,826586,300,624
May 20085,467,10077.254505,467,100422,358,062
Total31,734,47378.72970 31,734,4732,498,444,674
in % of share capital6.1% 0.0% 5.6% 


1) average purchase price in €

(The value date of the share buybacks is two working days after the transaction date.)