The company pension plans consist of defined contribution and defined benefit plans.

An amount of Euro 22 323 thousand was paid into state pension systems in the 2008/09 financial year (previous year: Euro 22 195 thousand). The payments made to municipal supplementary pension companies (ZVK) and the state pension system are viewed as payments to defined contribution pension plans. These contributions have been recognised as expenses and reported under personnel expenses.

Current payments to the municipal supplementary pension company (ZVK) represent expenses incurred in the given financial year. These expenses amounted to
Euro 14 531 thousand in the past financial year (previous year: Euro 13 912 thousand). The pension obligations of the ZVK as determined in an approximate calculation pursuant to IFRS for current and former members of the MVV Energie Group are
Euro 273 million (previous year: Euro 261 million) above the proportion accruing to the MVV Energie Group from the policy reserve recognised at the ZVK (labour law obligation). The structure of the relevant contracts means that the policy reserve required pursuant to labour law obligations cannot be clearly allocated. The figures stated therefore correspond to the most probable values.

Furthermore, there are direct pension obligations resulting from former collectively agreed provisions (measured in terms of duration of company service and remuneration of employees), as well as individual commitments made to members of the Executive Board.

The expenses recognised for these pensions and similar obligations structured as defined benefit plans comprise the following items:

The interest expenses for vested pension claims have been reported in the income statement under financing expenses (interest and similar expenses). Other expenses have been recognised as personnel expenses. The increase in service cost in the previous year’s period was principally due to the departure of Dr. Rudolf Schulten.

The present value of defined benefit obligations developed as follows:

The transition from the amount recognised for claims relating to pensions and similar obligations to the present value of pension claims is structured as follows:

The empirical adjustments to the present value of pension claims (changes in assumptions) represent part of the actuarial gains and losses attributable to pension claims for the given year. No data was collected for the balance sheet date on
30 September 2005 as these disclosures were not mandatory at that time.

Pension payments of Euro 2 183 thousand are forecast for existing pension obligations for the following financial year.

No plan assets have been created.