Overall summary of expected developments at the Group

The implications of the economic and financial crisis will continue to make themselves felt in the 2009/10 financial year as well. Demand for energy at industrial customers is only expected to rise following sustained growth in new orders and a resultant increase in production. Alongside these external factors, the 2009/10 financial year will also be significantly influenced within the Group by the implementation of the MVV 2020 strategy and the restructuring and strategic realignment of the MVV Energiedienstleistungen subgroup. The implementation of these measures will enhance the earnings strength of the high-growth energy-related services division and sustainably boost the future earnings performance of our entire group of companies.