Karlsruhe. During the purchase offer from March 23 to April 6, 2005, the shareholders of Energie Baden-Württemberg Aktiengesellschaft purchased 11,982,449 EnBW shares previously held by the company. Based on the total offer volume of 12,887,449 own shares, this is equivalent to a purchase ratio of about 93 percent. The no-par value bearer shares held by the company and carrying full dividend entitlements for financial 2004 were sold at a purchase price of Euro 31.30 per share. The sale of these shares generated placement proceeds of around 375 million euros for EnBW, further strengthening the company's capital base. "The successful completion of the purchase offer clearly underlines the confidence of our shareholders in the business potential of EnBW. The inflow of funds underpins our capital base and also reduces EnBW's debts", is the delighted resumé of Dr. Christian Holzherr, Chief Financial Officer of EnBW. The shares that were not acquired by the shareholders will remain in the hands of EnBW. As a result of the transaction, the percentage of company shares held by EnBW itself has fallen from 7.21 percent to 2.42 percent.