Supervisory Board recommends rejection of special audit request

In its meeting of May 29, 2018, the Supervisory Board of Uniper has decided to recommend to Uniper shareholders that they reject the request by Cornwall (Luxembourg) S.à r.l. for a special audit.

The Supervisory Board extensively reviewed and legally assessed the allegations against Uniper's Management Board made by the request of the shareholder Cornwall for a special audit: In the view of the Supervisory Board, the Management Board observed all legal and statutory requirements and acted with the diligence of a prudent and conscientious manager exclusively in the interest of Uniper and its shareholders. There are no indications for a breach of duty by the Management Board, in particular with regard to the prohibition of frustrating action according to Sec. 33 WpÜG.

Commenting on the Supervisory Board's recommendation, the Chairman, Dr. Bernhard Reutersberg, said: "In our view, there is no reason to support the application for a special audit. I am very satisfied with the work of our Management Board and have no reason to doubt the integrity of its actions. The Management Board has very successfully developed Uniper.”

The exact wording of the statement of the Supervisory Board can be found at https://ir.uniper.energy/websites/uniper/English/6505/annual-general-meeting.html.

This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE management and other information currently available to Uniper. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.