V a t t e n f a l l - Sweden´s other face

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Shareholder Eleonore Hege proposes: "The acts of the Managing Board are not approved".
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Grounds: "Until June 30, 2002, BEWAG has the option to acquire 43% of LAUBAG. BEWAG should take up this option and thereby brings its influence to bear in order to ensure that the listed village of Horno, with its 300 inhabitants, is bypassed by the brown coal strip-mine and not destroyed."
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Counter-motion to Point 4 of the Agenda: Approval of the acts of the Supervisory Board
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Shareholder Claus Bunge proposes: " The acts of the Supervisory Board are not approved".
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Grounds: "Two Members of the Supervisory Board represent the Swedish state-owned concern Vattenfall, which applies its ethical principles only in Sweden. As a result of Vattenfall's shareholdings and interests in BEWAG, Hamburgische Electricitäts-Werke (HEW), Lausitzer Braunkohle AG (LAUBAG) and VEAG, our BEWAG is for the first time confronted with image problems affecting stock market sensitivities, which are not unknown to HEW (nuclear power producer) and LAUBAG and VEAG (compulsory resettlement and destruction of the village of Horno). Here BEWAG must show some guts and create its own ecological and ethically defensible profile, which can then develop into a positive BEWAG brand name."
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Shareholder Michael Gromm proposes: " The acts of the Supervisory Board are not approved".
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Grounds: "In accordance with § 11 of the Memorandum and Articles of Association, the Supervisory Board is required to ensure, by means of a provision in standing orders, that no business whatsoever is done with other companies, which results in the compulsory resettling or destruction of villages for profit. On the question of its own ethical principles, Vattenfall states among other things: "In accordance with our core values, our actions are characterized by respect for the cultures, customs and values of the countries where we operate." Through its subsidiary HEW, Vattenfall is one of BEWAG's major shareholders and cannot apply double standards in and outside Sweden." -
Shareholder Eleonore Hege proposes: " The acts of the Supervisory Board are not approved".
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Grounds: "A Member of BEWAG's Supervisory Board represents Vattenfall's interests, and is at the same time Chairman of the Supervisory Board of LAUBAG. Through the influence of the Swedish state-owned concern Vattenfall, the intention is to intensify business relations with LAUBAG through increased purchases of brown coal (…).Through the purchase of brown coal, BEWAG is in part responsible for the planned morally reprehensible compulsory resettlement of the listed Sorb village of Horno.The Swedish Parliament is considering at present a resolution proposing an owner's directive to Vattenfall, for with the compulsory resettlement of Horno the state-owned concern is in violation of its own national ethical principles."
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