15.08.2006 – 19:29

EEII AG

euro adhoc: EIC Electricity SA
other
EIC sells its participation in Termobahia

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

15.08.2006

EIC Electricity SA (EIC) announces that it has entered into a formal
sale and purchase agreement with Petrobras Brasileiro SA for EIC’s 2%
interest in Termobahia Ltd, the Brazilian independent power
generator. The agreement became effective on August 10, 2006 and the
related payments were transferred to EIC on August 14, 2006. EIC was
a shareholder in Termobahia since start of construction for a period
of more than five years. Considering all related cash flows, EIC’s
investment has yielded a compounded annualized return of almost 20%
(in USD). The divestiture of Termobahia clears the way to undertake
new investments consistent with the investment strategy which became
effective on July 1, 2005 (www.eicpower.com/Default.aspx?MenuId=10).

EIC is listed on the Swiss Exchange (SWX) and on the Frankfurt
Securities Exchange (Bloomberg: EIC SW Equity /EIV GR Equity).

end of announcement                               euro adhoc 15.08.2006 17:50:00

Further inquiry note:

For questions please contact Mr. Dominique Candrian (Phone: +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