Credit Investor Presentation

Economic net debt Net assets/net debt (€ million) Cash and cash equivalents Marketable securities 30 Jun 2023 31 Dec 2022 +/- 8,523 6,988 1,535 . 8,175 13,730 -5,555 Other financial assets 3,964 8,543 -4,579 Financial assets 20,662 29,261 -8,599 Net debt definition Net debt does not contain mining provisions, which essentially cover our obligations to recultivate opencast mining areas Bonds, other notes payable, bank debt, commercial paper -14,764 -15,621 857 Hedging of bond currency risk 3 8 -5 Other financial liabilities -5,155 -5,382 227 Financial liabilities -19,916 -20,995 1,079 Plus 50% of the hybrid capital stated as debt 289 299 Net financial assets (including correction of hybrid capital) 1,035 8,565 -10 -7,530 Provisions for pensions and similar obligations -964 -900 -64 Surplus of plan assets over benefit obligations 579 680 -101 Provisions for nuclear waste management -5,502 -5,704 202 Financial assets we currently use to cover these provisions are also not part of the net debt, i.e. €2.6bn claim against the state for damages arising from the lignite phaseout 15% stake in E.ON Provisions for dismantling wind and solar farms Net assets (+)/net debt (-) -1,064 -1,011 -53 -5,916 1,630 -7,546 RWE August 2023 Credit Investor Presentation Page 39

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