4 July 2002 – E.ON’s executive committee today recommended that Dr Wulf Bernotat take over the chairmanship of E.ON AG’s Board of Management effective May 1, 2003.

The appointment of Wulf, 53, will have to be confirmed by E.ON’s Supervisory Board at its meeting on September 3, 2002.

The terms of E.ON AG’s two current Chairmen of the Board of Management, Ulrich Hartmann (63) and Prof. Wilhelm Simson (63), expire following the company’s Annual Shareholders Meeting on April 30, 2003.

Bernotat has served as Chairman of the Board of Management of Stinnes AG since 1998. He joined the Veba Group in 1996 when he became a member of the Board of Management of Veba Oel AG. Prior to taking this position, he spent 20 years at Shell in a number of management roles, including postings in France, Portugal, and the U.K. Working out of London, he for many years oversaw Shell’s operations in Eastern Europe and Africa.