E.ON – Cleaner & better energy Russia – Unlocking the value Q2 2012

Agenda

E.ON context

Russian power market

E.ON’s power business in Russia

Key take-aways

2

Investment

Cleaner & better energy

Performance Europe

Outside Europe

Cleaner & better energy

Key drivers of E.ON’s transformation Divest non-core assets

y Total target ~€15bn disposals by end 2013, ~€9.5bn achieved y Divested broad range of assets at attractive conditions

Safeguard financial strength

y Target debt factor