DGAP-Stimmrechtsanteile: MVV Energie AG

Notification pursuant to § 43 (1) of the German Securities Trading Act (WpHG)
Issuer: MVV Energie AG, Mannheim, Germany, ISIN: DE000A0H52F5

According to EnBW Energie Baden-Württemberg AG's (hereinafter: EnBW), Karlsruhe, Germany, notification pursuant to § 43 (1) Sentence 1 WpHG (new version) and referring to that company's voting right notification communicated on 15 December 2017 pursuant to § 21 (1) WpHG (old version), we hereby notify you as follows:

1. Objectives pursued by acquiring the voting rights (§ 43 (1) Sentence 3 WpHG):

a) The investment serves neither to implement strategic objectives nor to generate short-term trading profits. With its investment, EnBW aims to benefit from the positive development in the value of its shareholding in MVV Energie AG based on a sustainably good dividend yield.

b) EnBW has no intention of obtaining further voting rights by way of acquisition or otherwise within the next twelve months.

c) EnBW would be in favour of MVV Energie AG satisfying the recommendation according to Point 5.4.2. Sentence 1 of the German Corporate Governance Code in future - not least with regard to the principle of equal treatment laid down in § 53a of the German Stock Corporation Act (AktG). Apart from this, the company does not aim to exercise any influence on the composition of administrative, management or supervisory bodies at MW Energie AG with the exception of the voting rights exercised by EnBW in elections of supervisory board members at the Annual General Meeting of MVV Energie AG.

d) EnBW does not aim to achieve any material changes in the capital structure at MVV Energie AG, and in particular does not aim to achieve any material changes in the ratio of equity and debt financing or the dividend policy.

2. Origin of funds used (§ 43 (1) Sentence 4 WpHG)

EnBW drew on proprietary funds to finance the acquisition of the voting rights.