RWE AG Sets Offer Price and Subscription Price of Capital Measure

RWE AG announced that it has determined the offer price for the accelerated bookbuilding of shares from the capital measure decided on December 5, 2011 and the subscription price at EUR 26.00. All shares offered were placed with institutional investors by way of an accelerated bookbuilding procedure. 52,340,499 new shares were allocated excluding shareholders' subscription rights. 28,105,327 treasury shares were placed with institutional investors subject to the exercise of subscription rights by existing shareholders ('claw-back'). As a result of the capital measure, RWE AGwill receive gross issuing proceeds of approximately EUR 2.1 billion. The placement is an important part of an overall package to strengthen the capital base and thus create leeway for future growth. Delivery to investors of the 52,340,499 new shares issued as part of the accelerated placement is expected to take place on December 8, 2011. The 28,105,327 treasury shares purchased in the subscription offer and placed subject to potential claw-back are expected to be delivered on December 23, 2011.