Annual General Meeting Of EEX Supports Board In Internationalisation And Broadening Of The Product Range

Shareholders of the European Energy Exchange (EEX) AG in Leipzig back the course of further internationalisation and broadening of the product range of Continental Europe´s largest energy exchange. This became clear during the annual general meeting in Leipzig.

In 2004, the EEX was able to increase its revenues the fifth year in a row. Also, the result was within the midterm planning. The year was, according to Dr. Hans-Bernd Menzel, minted by implementation of the IT strategy determined at the end of 2003. The IT strategy was managed in time, partly even earlier than planned, and within the budget. Now, all participants benefit from significant synergetic effects, especially through the integrated clearing of all markets. Menzel sees the EEX as an active part in the growing competition among Europe´s trading landscape. He mainly places emphasis on cooperation on all levels: “Partnership where possible, competition where necessary.”

The Members of the Board and of the Supervisory Board had the unanimous support of the EEX shareholders. According to the cycle, the Supervisory Board was newly determined and consists now of:

Edward Backes, Head of Department Market Supervision, Deutsche Boerse AG
Dr. Heinz Baumberger
Wolfgang Behrens, Head of Legal, Landesbank Sachsen Girozentrale
Ulrich Erkens, Chairman, E.ON Sales & Trading GmbH
Daniel Gisler, Member of the Board, Eurex Zürich AG
Christoph Habermann, State Secretary, Saxony State Ministry for Economic Affairs and Labor
Dr. Christoph Helle, Chief Representative, MVV Energie AG
Dr. Robert Herde, Head of Process Management, Deutsche Boerse AG
Alfred Hoffmann, Head of Trading Services, Vattenfall Trading Services GmbH
Dr. Hans-Joachim Klein, President, LVV Leipziger Versorgungs- und Verkehrsgesellschaft mbH
Dr. Jürgen Kroneberg, Member of the Board, RWE Energy AG
Torger Lien, President and CEO, Nord Pool ASA
Jorn Limann, CEO, Nord Pool Spot AS
Vincent van Lith, Director, BHF-BANK AG
Dr. Dirk Mausbeck, Chairman, EnBW Trading GmbH
Dr. Roger Müller, Chief Syndic, Deutsche Börse AG
Gerrit Robert Raupach, Member of the Board, Landesbank Sachsen Girozentrale
Erik Thrane, Attorney at Law, Nord Pool ASA
Wolfgang Tiefensee, Major, City of Leipzig
Robert Lillefloth, Senior Project Manager, Nord Pool ASA
Dr. Hans-Jürgen Witschke, Head of Board, DB Energie.

During the ensuing meeting of the Supervisory Board, Dr. Jürgen Kroneberg was af-firmed as Chairman of the Board and Torger Lien as his deputy.

The EEX operates a Spot and a Derivatives Market for energy and energy-related products and, with 126 trading participants from 16 countries, it is the energy ex-change in Continental Europe which boasts the highest number of participants and the biggest turnover. Besides electricity and electricity futures and options, since March 2005 also CO2 Emission Allowances are being traded. The range of services provided by EEX is complemented with related activities, such as the joint clearing of exchange transactions and over-the-counter transactions (OTC clearing).