On 11 November 2010 DONG Energy A/S announced its intention to issue, subject
to market conditions, new callable subordinated capital securities due 3010. At
the same time DONG Energy announced a conditional invitation to all holders of
its outstanding EUR 1.1bn callable subordinated capital securities due 3005
(ISIN: XS0223249003) to tender their existing bonds for repurchase for cash.
Due to unusually volatile market conditions, DONG Energy has decided in
accordance with the terms and conditions of the Tender Offer Memorandum to
terminate the process of repurchasing its EUR 1.1bn hybrid capital bonds
pursuant to the New Issue Condition as defined therein not being met and to
postpone the intended issue of new hybrid capital bonds.
The related announcement regarding the termination and postponement can be
obtained via the following link:
http://www.dongenergy.com/en/investor/funding/pages/tender_offer.aspx
The information provided in this announcement does not change the previous
financial guidance for the 2010 financial year or the announced expected
investment level.
For further information, contact:
Media Relations
Ulrik Frøhlke
+45 9955 9560
Investor Relations
Morten Hultberg Buchgreitz
+45 9955 9750
DONG Energy is one of the leading energy groups in Northern Europe. We are
headquartered in Denmark. Our business is based on procuring, producing,
distributing and trading in energy and related products in Northern Europe. We
have approximately 6,000 employees and generated just under DKK 50 billion (EUR
6.6 billion) in revenue in 2009. For further information, see
www.dongenergy.com.