euro adhoc: EIC Electricity SA
Annual & Special Corporate Meetings
Request for extraordinary shareholder's meeting (E)

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A group of shareholders, which is apparently represented by Toff AG, Solothurn, and which apparently represents more than 10% of the share capital of EIC Electricity SA, Geneva, requests from the Board to convene an extraordinary shareholders meeting of the company. The group of shareholders proposes mainly the following:

- Reduction of the share capital of the company from CHF 122,200,800 to CHF 30,550,200 via reduction of the par value of the shares of CHF 80.-- to CHF 20.--. The reduced amount is to be paid to the shareholders. - Replace the current Board of Directors with a new Board, consisting of Daniel Sauter, Franz Gyger and Erhard Lee.

The Board of Directors did so far not comment on the propositions of the group of shareholders.

EIC is listed on the Swiss Exchange (SWX) and on the Frankfurt Securities Exchange (Bloomberg: EIC SW Equity / EIV GR Equity). The company is specialized in investments in power generation, transmission, trading and distribution.

end of announcement            euro adhoc 07.11.2002

Further inquiry note: Dr. Dominique Candrian +41-43-844 10 00

Branche: Electricity Production & Distribution
ISIN:      CH0007162958
WKN:        940179
Index:    Investment Index (IGSP)
Börsen:  Frankfurter Wertpapierbörse / official dealing
              SWX Swiss Exchange / official dealing

Weitere Meldungen: EEII AG

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