United Energy Group plc
United Energy Group plc: RWE and United Energy Group plc plan to collaborate with the Republic of Srpska on energy projects
United Energy Group Plc. / Alliance/Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- London, UK - 02 December 2008 This morning the Prime Minister of the Republic of Srpska, Mr Milorad Dodik, and Dr. Gerd Jaeger, Member of the Board of RWE Power AG, met for talks about a possible cooperation on energy projects. Apart from lignite-fired power generation and grid operation, the parties discussed the opportunities for collaboration in the area of hydropower. Presupposed a successful agreement and a positive economic viability of the hydropower projects, the partners the Republic of Srpska, RWE and United Energy Group plc ('UEG') would be able to realise projects with a power capacity of more than 1,000 MW. Associated investments over the next ten years could be in the billion Euros range. RWE, UEG and the Republic of Srpska plan to hold further talks on these projects. About UEG: UEG is an independent, exchange listed energy production and service company. The core areas of business are Energy Production, Energy Consulting and Energy Investments. The basic principles of UEG are geared to the targeted continuous value enhancement of the company by integrating all relevant groups of interest, supported by an active and transparent communication. For its partners UEG will remain to be a reliable supplier of high-quality services at competitive prices. In selected markets UEG wants to build up a strong position and keep it in the long term. This quality standard is made possible by dedicated employees and partners. The strategy for the next months and years is based on a dynamic growth policy. Forward-Looking Statement: This news release may contain certain forward-looking statements, including declarations regarding United Energy Group and its subsidiaries' expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to UEG management as of the date hereof, and actual results may vary based upon future events, both within and without the control of UEG management, including risks and uncertainties that could cause actual results to differ materially including, among other things, the impact that acquisitions may have on the company and its capital structure, exploration results, market conditions, oil and gas price volatility, uncertainties inherent in oil and gas production operations and estimating reserves, unexpected future capital expenditure requirements, competition, governmental regulations and other factors. United Energy Group plc 45 Doughty Street London WC1N 2LR United Kingdom Registered in England and Wales Registered number 05792859 Web: www.unitedenergy.com E-Mail: info@unitedenergy.com 02.12.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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