DGAP-Adhoc: RWE decouples increased payout ratio from the deconsolidation of American Water


RWE Aktiengesellschaft / Payout

18.09.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------

The Executive Board of RWE Aktiengesellschaft decided today that the
prospective increase in the dividend payout ratio will no longer depend on
the successful placement of a majority of shares in American Water. The
dividend proposal of the Executive Board for fiscal 2008 will thus be based
on a payout ratio of 70-80% of recurrent net income, irrespective of the
deconsolidation of American Water.

RWE still intends to place a majority of shares in American Water by the
end of the year.

RWE Aktiengesellschaft

The Executive Board
DGAP 18.09.2008 
---------------------------------------------------------------------------
Language:     English
Issuer:       RWE Aktiengesellschaft
              Opernplatz 1
              45128 Essen
              Deutschland
Phone:        +49 (0)201 12-00
Fax:          +49 (0)201 12-15199
E-mail:       contact@rwe.com
Internet:     www.rwe.com
ISIN:         DE0007037129, DE0007037145
WKN:          703712, 703714
Listed:       Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
              Freiverkehr in Berlin, Hannover, München, Hamburg, Stuttgart;
              Terminbörse EUREX; Foreign Exchange(s) SWX
End of News                                     DGAP News-Service
---------------------------------------------------------------------------