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Clarification relating to the media report in the “NZZ am Sonntag” newspaper dated 7 April 2019

On Friday, 5 April 2019, the sale of EDF’s block of Alpiq shares was announced. In its ensuing coverage on 7 April 2019, “NZZ am Sonntag” published an article entitled “Alpiq is not simply going to delist. The Group is to shrink massively”, drawing misleading conclusions and reporting that the shareholders intend to downsize Alpiq.

Alpiq unequivocally refutes these speculations, which were subsequently taken up by other media.

Alpiq would like to clarify the following: The basis is Alpiq’s current business model. The important role of the international business, both in terms of generation as well as in trading and marketing, in stabilising and increasing the value of the Swiss core business is undisputed. The vision of some shareholders is to become less dependent on international generation by achieving the necessary improvements to the Swiss framework conditions for a competitive, profitable hydropower business. Alpiq’s management shares this long-term vision.