Aare-Tessin Ltd. for Electricity (Atel): Delisting of shares from the SIX Swiss Exchange

Shares of Aare-Tessin Ltd. for Electricity (Atel) will be delisted from the SIX Swiss Exchange. This is the last step in efforts to simplify the shareholder and corporate structure of Atel Holding Ltd of which shares will continue to be traded on the SIX Swiss Exchange. This step also brings to a close key elements of preparations for the merger of Atel and EOS in western Switzerland under the roof of one common holding company. The result will be a leading Swiss provider of energy services with a European focus.

Simplification of the corporate structure

Based on the Swiss Stock Exchange Act, the Olten-Gösgen District Court voided the 5408 shares of Aare-Tessin Ltd. for Electricity (0.18 percent of the share capital) which were not yet in the possession of Atel Holding Ltd following the 12 November 2007 swap offer. Atel Holding Ltd thus now holds a 100 percent stake in Aare-Tessin Ltd. for Electricity.

Atel Holding Ltd remains listed on the SIX Atel decided to request the delisting of shares for Aare-Tessin Ltd. for Electricity on the SIX Swiss Exchange with the result that only shares of Atel Holding Ltd will be traded on the Swiss Exchange. In a preliminary decision, the SIX Swiss Exchange agreed to this plan under certain conditions and delisting was scheduled for 23 June 2008 subject to the final decision. Hence, the last day on which these shares can be traded on the SIX Swiss Exchange is 20 June 2008.

Atel Holding Ltd (formerly Motor-Columbus Ltd, Baden) will exchange the voided shares of Aare-Tessin Ltd. for Electricity at identical conditions to those applicable to the public swap offer of 12 November 2007. The owners of voided shares will receive 8.025 registered shares in Atel Holding Ltd in exchange per 1 share of Aare-Tessin Ltd. for Electricity. Any remaining fractions of shares will be paid out in cash (CHF).

Atel Holding Ltd Corporate Communications