euro adhoc: EIC Electricity SA / EIC Electricity sells Swedish District Heating Business (D)

Ad-hoc-Mitteilung übermittelt durch euro adhoc. Für den Inhalt ist der Emittent verantwortlich.

In the context of an overall settlement, Scandinavian Energy Finance Limited ("SEFL") sold its 7 district heating systems to its main lender, Lantbrukskredit AB. EIC owns 67% of SEFL and expects net proceeds of approx. CHF 6 million as a result of the transaction. This compares to a book value of CHF 10.4 million and implies a NAV reduction of CHF 2.9 per share from CHF 17.3 to CHF 14.4. The write down will be recorded effective June 30, 2004.

EIC is listed on the Swiss Exchange (SWX) and on the Frankfurt Securities Exchange (Bloomberg: EIC SW Equity / EIV GR Equity). The Company, after the reported sale, holds two private equity investments in the fields of power generation and power trading.

Rückfragen & Kontakt:

Ende der Mitteilung euro adhoc 06.07.2004
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Emittent: EIC Electricity SA
P.O. Box 6225, Route de Frontenex 62
CH-1211 Genève
Tel: +41(0)22 849 06 06
FAX: +41(0)22 849 06 10
Email: info@eicpower.com
WWW: www.eicpower.com
ISIN: CH0007162958
WKN: 940179
Indizes: Investment Index (IGSP)
Börsen: Amtlicher Markt Frankfurter Wertpapierbörse, SWX Swiss

Exchange
Branche: Strom
Sprache: Deutsch

For further inquiries please contact: EIC Partners AG, Phone: +41 43
844 10 00.
Tel: +41(0)22 849 06 06
FAX: +41(0)22 849 06 10
Email: info@eicpower.com

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