Market Opportunities and Barriers Vilnius

2 Alpiq  Who is Alpiq and what we do

3 Alpiq: The Swiss Alps as roots Alpiq bears witness to our history. Our roots lie in Switzerland, the cradle of the Alps, symbol of quality and excellence – two values to which we are committed. The Alps are placed in the heart of Europe. They range from France to Slovenia. They link the west and the east of Europe. And form the bridge between north and south Europe.

4 «Peak» for Peak Energy PIQ reminds us of a «peak», the highest extremity of a mountain that permits a new outlook, also in terms of the peak performance that Alpiq will deliver in terms of energy. The abbreviation IQ bears reference to the intelligent solutions in the field of energy.

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6 Presence in Europe Present in 29 European countries Cumulated turnover of CHF 16 billion Workforce of more than 10,000 (in Switzerland >5,000) Holding Headquarters: Neuchâtel Electricity trading Generation Energy services

7 Position in Europe EONEDFRWEEnBWVattenfall Alpiq A2A 113,000 98,000 69,000 24,000 20,000 16,000 12,000 Basis: Turnover 2007 in CHF million Source: Annual Report 2007

8 Local subsidiaries in Central Eastern Europe  Atel Hellas S.A., Athen  Atel Energia Kft., Budapest  Atel Ceska republica s.r.o, Prag  Atel Hrvatska d.o.o., Zagreb  Atel Energija d.o.o, Ljubljana  Atel Polska Sp.z.o.o., Warsaw  Atel Serbia Ltd., Belgrad  Atel Austria GmbH, Wien  Atel Slovensko s.r.l., Bratislava  Atel Energy Romania s.r.l Bukarest  Atel Bulgaria Ltd, Sofia  Atel Skopje d.o.o., Skopje  Atel Lithuania UAB., Vilnius

9  One of Leading CEE Wholesalers  Top 3-5 position in each market  Present before market opening  Financially strong & creditworthy  Overall Presence to handle complexity  Physical scheduling in 15 markets  13 daughter companies  Present at all auctioned borders  Bringing liquidity to market  Active utilization of borders  Leading SPOT trading activity PL DE AL SR IT CG GR BG RO BH HR SI HU SK CZ AT CH NEE SEE Activity overview – Sales & Wholesale Central Eastern Europe LT

10 Market CEE Development of Energy Turnover 1998 – ‘000 6‘768 5‘338 3'097 1‘143 9‘006 11‘069 17‘100 19‘200 30‘600

11  Established in 2008  In Vilnius  License for trading  At present- Atel Lietuva UAB  Since 2 Nov 2009: Alpiq Lietuva UAB Alpiq in Lithuania

12 Lithuanian Market Obstacles  Present situation for trading companies in Lithuania  Low market transparency  No unbandling  Unclear market rules  Export import permits  Implementation of „Electricity Market Expansion Plan”  Rules published by September 30, two weeks from now;-is it still realistic?  However,  Supported production; still about 50% of the supply out of market, introduction of certificates?  Low cross-border capacities (lack of diversification of supply)

13 Opportunities  Opportunities, Trading Companies  Bridge between „big markets” European, Scandinavian and Eastern  Adventage to be one of the first in the market  Opportunities, Lithuanian customers  Optimalization of electricity prices (right prices)  Tailor made supply products, more standarized „products”

14Company Presentation, Alpiq – Your Partner in the Baltic Energy Market