(Last updated 29^th of July 2019, RWE)

Due to the change in accounting treatment of innogy from the first half of 2018 onwards, there are currently no analysts' estimates under the new methodology for 2018 and 2019 available. The consensus for 2020 reflects the new company structure after completion of the transaction with E.ON.

(Last updated 29^th of July 2019, RWE)
_{*RWE with innogy as a financial investment}

The following brokers have contributed to the adjusted consensus: Barclays, Berenberg, Bernstein, BoAML, Caixabank, Commerzbank, Exane, Goldman Sachs, HSBC, Jefferies, JPMorgan, Macquarie, MainFirst, Metzler, Morgan Stanley, Oddo, RBC, Santander, Société Générale.

Reference to estimates serves only for reader information and is non-binding. This document does not imply that RWE AG subscribes to these opinions or conclusions in any form whatsoever, or that RWE AG supports or confirms them. RWE AG accepts no liability for the selection, current relevance, completeness or correctness of the analysts’ estimates reproduced here. None of the information provided is to be understood as an offer for purchase of RWE shares or RWE bonds, or to be advertising same. Any liability on the part of RWE AG for losses incurred by third parties arising from the information contained here is precluded.