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Issuer / Purchaser: EWE AG
Offer Summary: Tender Offer at a fixed Repurchase Spread
Notes / Fixed Repurchase Spread: EUR 500mm 4.875% due 2019 (DE000A0DLU69) / +33bp
EUR 500mm 4.125% due 2020 (XS0699330097) / +44bp
EUR 500mm 5.250% due 2021 (DE000A0Z2A12) / +57bp
Indicative Nominal Target