Note 53 Events after the balance sheet date

On 23 February 2009 Vattenfall announced it has made an all cash offer of EUR 8.5 billion enterprise value for 100% of the shares of the Dutch energy company N.V. Nuon Energy. Nuon’s grid company Alliander is not included in the transaction. The partners have agreed that Vattenfall acquires initially 49% of the shares. The remaining 51% of the shares will be acquired in the coming six years under fixed terms. Following the initial acquisition of 49% Vattenfall will have operational control over Nuon. The transaction is subject to the approval of at least 80% of Nuon’s shareholders and clearance by the European Commission. Nuon and Vattenfall expect to complete the closing of this transaction at mid-year 2009.