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Credit Investor Presentation

RWE Clean Energy Stepping up footprint and growth in highly attractive US renewables market RWE →> ↑ ↑ ↑ Acquisition enables RWE to become one of the key leading RES players in the US with the largest pipeline in the region - US renewables growth expected to outpace Europe US renewables market has strong growth from massive push for green energy buildout. Attractive and stable long-term investment framework from Inflation Reduction Act ("IRA") Sizeable operating asset base of CEB significantly de-risking transactions and generating cash flows from day one Transaction strengthens RWE's existing US portfolio significantly and rebalances our global footprint Acquisition partly funded through equity raise via mandatory convertible with long-term investor Qatar Investment Authority August 2023 Credit Investor Presentation Page 10
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