RWE successfully places hybrid bond in Asia

Essen, (PresseBox) - .
- Subordinated bond of 500 million USD
- First hybrid bond from a European utility in Asia

RWE today launched a hybrid bond with a volume of 500 million USD. It was aimed primarily at Asian investors in Hong Kong and Singapore and was more than four times oversubscribed. The RWE bond is the first hybrid bond from a European utility in the Asian capital market. The high level of demand demonstrates the confidence that RWE receives from investors, as well as the company's acceptance as a reliable issuer.

RWE is thus consistently implementing the hybrid programme that it announced in August 2011 as part of a wider package of measures designed to improve its capital structure. This is RWE's fourth hybrid bond following the successful launches of hybrids denominated in Euro in 2010, Swiss Franc in 2011, and Sterling in 2012.

The hybrid bond matures in 2072, but RWE has the right to repayment after a period of fiveand- a-half years. Hybrid bonds are a mix of equity and debt, and offer a higher coupon than normal bonds. The RWE hybrid offers a coupon of 7.0% with an issue price of 100%. Joint lead managers were Citigroup, BNP Paribas and Nomura, as well as Bank of America Merrill Lynch, Credit Suisse and UBS.


This press release and the information contained in it may not be forwarded to or distributed within the United States. Nothing in this press release constitutes an offer of securities for sale in the United States or any other jurisdiction where it is unlawful to do so. The securities mentioned herein 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.

Important notes for investors based in Hong Kong:

WARNING: The contents of this release have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to the offer. If you are in any doubt about any of the contents of this release, you should obtain independent professional advice.

Important notes for investors based in Singapore:

This release has not been and will not be registered as a Prospectus (as defined in Securities and Futures Act, Chapter 289 of Singapore (the "SFA")) with the Monetary Authority of Singapore and accordingly, this document may not be distributed, either directly or indirectly, to the public or any member of the public in Singapore, other than to institutional investors, relevant persons or persons contemplated under Section 275(1A) in compliance with the SFA and the regulations made thereunder. The person receiving this release represents and warrants that if it receives this release in Singapore it is (a) an institutional investor, (b) a relevant person, or (c) a person contemplated under Section 275(1A) of the SFA.

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