THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO PURCHASE OR A SOLICITATION OF AN OFFER TO SELL ANY SECURITIES 12 June 2002 Powergen plc E.ON AG Recommended acquisition of Powergen plc (“Powergen”) by E.ON UK plc (“E.ON UK”), a wholly-owned subsidiary

Transaction is expected to be closed by early July Today at a public meeting, the US Securities and Exchange Commission (SEC) approved E.ON’s acquisition of UK company, Powergen, subject to a reporting requirement. It is expected that formal orders detailing