RWE Generation SE to start operations on 1 January 2013

Executive Board of the European RWE generation company appointed

Essen, (PresseBox) - RWE is bringing together its generating business in an international company which will be set up as a European joint-stock company (Societas Europaea - abbreviated to SE) with headquarters in Essen. The new Group company will trade under the name "RWE Generation SE". The intention is for this new company to steer all the conventional power plants operated by the Group in Germany, the United Kingdom and the Netherlands.

The German hard coal and gas-fired power plants which currently belong to RWE Power will be transferred directly to RWE Generation. The new Group company will also steer the UK and Dutch hard coal, gas-fired and biomass power plants after they have been separated from the retail businesses at RWE npower and Essent. Nuclear power plants, lignite-fired power plants, open-cast mines, lignite refinement companies and the operation of hydroelectric power plants remain with RWE Power AG, which will be steered by RWE Generation SE. RWE Technology GmbH will also be managed by RWE Generation as a project management and engineering company.

Bringing together the generation capacities totalling some 50,000 megawatts in the three countries will create one of Europe's biggest generation companies. It will have a workforce of around 18,000 employees. "RWE Generation will deliver greater synergy and improve efficiency in a market environment that is currently difficult and uncertain," emphasised Dr Rolf Martin Schmitz, Chief Operating Officer (COO) and deputy CEO of the RWE AG Executive Board. In future, the new company will report to him.

The RWE AG Executive Board has - to a large extent - now decided on the planned appointments to the Executive Board of the new European generation company from 1 January 2013. Alongside the designated Chief Executive Officer Matthias Hartung, today CEO of RWE Technology, appointments to the board are Dr Frank Weigand (today CFO at RWE npower) as Chief Financial Officer (CFO) and Alan Robinson (CCO of RWE Supply & Trading) as Chief Commercial Officer (CCO). As technical board members, Dr Ulrich Hartmann (currently Board Member of RWE Power) will be responsible for the Lignite / Nuclear Energy / Hydro portfolio and Roger Miesen (currently Head of the Hard Coal and Gas-fired Power Plants division at RWE Power) will be responsible for the Gas / Hard Coal / Biomass portfolio. In addition, it is planned to appoint the Human Resources Officer as a dual-responsibility function for RWE Generation and RWE Power. Thus close affiliation with RWE Power will be secured by a largely shared management responsibility between the Executive Board of RWE Generation and the Executive Board of RWE Power.

With immediate effect, the executives appointed to the Executive Board will be working hard to drive forward the establishment of the new Group company. "I'm looking forward to cooperating with these colleagues who can draw on their wealth of expertise and experience," commented the designated Chief Executive Officer of RWE Generation, Matthias Hartung. "The cross-border organisation of RWE's generating business is an exciting assignment. This will strengthen the future capability of the Group as one of the leading European energy utilities."

Rolf Martin Schmitz: "If we are to future proof the set up of our generating company, it's important to combine the advantages of the cross-border organisation with our strong presence in the relevant countries. This is why the current Chief Executive Officers of our national companies - Volker Beckers at RWE npower in the United Kingdom and Erwin van Laethem at Essent in the Netherlands - will remain the first points of contact for politicians and the public."

In order to promote efficient organisational and management structures, the Supervisory Board of RWE Power AG in Cologne has also appointed Matthias Hartung as Chief Executive Officer of RWE Power with effect from 1 January 2013. Matthias will take over this function from Dr Johannes Lambertz. Johannes will remain associated with the Group as Authorised Representative of the RWE AG for corporate energy and business issues in conjunction with the energy industry transformation.

The Supervisory Board of RWE Power AG also appointed Frank Weigand as successor to Antonius Voß as Chief Financial Officer (CFO) of RWE Power with effect from 1 March 2013. Antonius will leave the company at the end of February 2013. Frank will take up the role of CFO at RWE Power in addition to his position at RWE Generation and become a member of the RWE Power Executive Board as of 1 January 2013 already.

Erwin Winkel, who is currently Chief Human Resources Officer of RWE Power will continue in this role in the future - alongside Ulrich Hartmann, who will keep his position on the RWE Power Executive Board, in addition to his future role on the Executive Board of RWE Generation.

At the Supervisory Board meeting of RWE Power AG held last week, Rolf Martin Schmitz, as Chairman of the Supervisory Board of RWE Power, expressed his thanks to Antonius Voß: "We owe Antonius our sincere thanks for more than 30 years of exceptional commitment to our Group. He played a key role in developing RWE and will now give his full commitment to supporting the ongoing changes during the coming months." Schmitz continued by saying: "We also salute Johannes Lambertz for his long track record of outstanding work in many leading positions in the RWE Group, particularly in his role as Chief Executive Officer of RWE Power through difficult times. We are delighted that he will continue to be available with his proven expertise on technical issues and the energy industry at the expressed wish of the RWE AG Executive Board."

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