Compulsory offer published in the Börsen-Zeitung journal and on the Internet
Karlsruhe. Following review and approval by the German Financial Services Supervisory Authority (BAFin), Energie Baden-Württemberg Aktiengesellschaft today published its compulsory offer for the purchase of the outstanding shares in ZEAG Zementwerk Lauffen – Elektrizitätswerk Heilbronn Aktiengesellschaft in the Börsen-Zeitung stock market journal and on the Internet. This was announced by the energy company on Tuesday in Karlsruhe. EnBW is offering Euro 85.71 per ZEAG share. ZEAG shareholders can accept the offer during the acceptance period from September 17 to midday on October 28, 2002 (Central European Time).
With this public offer (compulsory offer) to all remaining ZEAG shareholders, EnBW is meeting its obligations under the German Securities Purchase and Takeover Act (WpÜG) resulting from the transfer of the 50.1 percent stake in ZEAG held by Beteiligungsgesellschaft der Stadt Heilbronn mbH to EnBW on August 5, 2001. EnBW currently holds 62.22 percent of the ZEAG shares and voting rights.
The offer document and conditions can be found on the Internet at www.enbw.com/zeag-angebot and are available free of charge from Baden-Württembergische Bank AG, ZGA/WAV-WN, Tübinger Str. 28, 70178 Stuttgart, Fax +49 711 180-1772; they will be sent to ZEAG shareholders who have deposited their shares with a German custodian bank by the bank in question.