25. November 2003

EIC acquires Majority Interest in SEFL

EIC has advanced additional SEK 28 million (approx. CHF 4.8 million) to its Swedish district heating operations through a combination of priority shareholder loans and collateralized working capital facilities. As a reflection of EIC's increased financial engagement and commitment to the long-term future growth of its Swedish district heating operations, EIC's ownership in Scandinavian Energy Finance Limited ("SEFL") was increased from 49% to 67%. Please refer to the PDF document below to view the full press release.