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RWE successfully completes hybrid programme

(PresseBox) (Essen, ) .
- Hybrid bond issued in Swiss francs
- Equivalent of €2 billion in total volume achieved

RWE today successfully launched a further hybrid bond of 150 million Swiss francs, thus completing the hybrid bond programme announced in August 2011. The hybrid programme had a total volume of €2 billion. It included bonds in Swiss francs, pounds sterling and US dollars.

The bond placed today matures in 60 years and can be called by RWE after 5 years at the earliest. It is aimed solely at investors residing in Switzerland and institutional investors. Hybrid bonds are a mix of equity and debt capital and offer a higher coupon than normal bonds. The RWE hybrid offers a coupon of 5.0% at an issue price of 100%. Sole book runner of this transaction was UBS.

"The hybrid programme is an important pillar of our package of measures to improve our capital structure for the long term", said RWE's CFO Dr. Rolf Pohlig. The Group implemented the programme quickly in a difficult market environment. "Investors are putting a lot of trust in RWE - that is a good sign. I am delighted that we have been able to complete this ambitious programme in less than one year."

Disclaimer

This press release does not constitute either an offer to sell or an invitation to buy RWE Aktiengesellschaft securities. This press release does not constitute a prospectus in the sense of articles 652a and/or 1156 of the Swiss Code of Obligations, or does it constitute a listing prospectus as per the listing regulations of the SIX Swiss Exchange. Publication of this press release, the product offered and the sale of debentures of this bond may be subject to restrictions in certain jurisdictions. All readers of this press release are personally responsible for obtaining and observing any such information about restrictions that may apply to them. This press release and the information contained in it may not be forwarded to or distributed within the United States an may not be forwarded to non-qualified investors in the member States of the European Economic Area. Nothing in this press release constitutes an offer of securities for sale in the United States or in the member States of the European Economic Area or any other jurisdiction where it is unlawful to do so. The securities of RWE Aktiengesellschaft have not been, and will not be, registered under the U.S. SECURITIES ACT of 1933 or the securities laws of any state of the U.S. and the securities may not be offered or sold within the U.S. or to, or for the account or benefit of, U.S. persons.