Note 4 Exchange rates

Key exchange rates applied in the accounts of the Vattenfall Group:
		Average rate		Balance sheet date rate
	Currency	2008	2007	31 Dec. 2008	31 Dec. 2007
Europe	EUR	9.6628	9.2464	10.9400	9.4700
Denmark	DKK	1.2962	1.2409	1.4680	1.2705
Norway	NOK	1.1704	1.1530	1.1035	1.1875
Poland	PLN	2.7331	2.4477	2.6200	2.6300
UK	GBP	12.1085	13.4817	11.2500	12.9000
USA	USD	6.5929	6.7439	7.7500	6.4700