17.02.2003 – 06:34

EEII AG

euro adhoc: EIC Electricity SA
Annual & Special Corporate Meetings
EIC Electricity plans transformation into open-ended investment fund (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.

The Board of EIC Electricity proposes to the General Assembly of
March 14, 2003 to reduce the share capital from CHF 80 to CHF 10 per
share. An amount of CHF 51.85 per share shall be disbursed to the
shareholders in the form of shares in an open-ended investment fund
to be created. EIC’s entire listed portfolio will be put into the new
fund, which will cover the sectors energy and utilities. EIC
Electricity will continue to exist as a private equity investment
company.

For inquires:	
Dominique Candrian, EIC Partners AG, Tel. +41 43 844 10 02

end of announcement        euro adhoc 17.02.2003

Further inquiry note:

Dominique Candrian, EIC Partners AG, Tel. +41-43-844 10 02

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