AREVA group announces friendly public tender offer for REpower Systems AG

• Cash offer of EUR 105 per share
• Offer represents an attractive premium of 17 per cent on closing stock price as of January 19th 2007 and 44 per cent on three-month average
• AREVA, with a 29.99 per cent stake, has been a strategic investor in REpower since September 2005
• Complementary strengths to create strong platform for long-term growth in fast-developing worldwide wind energy sector

Hamburg, Germany, 22 January 2007 - The AREVA Group announced today its intention to make a public tender offer for the shares it does not already own in REpower Systems AG, a wind turbine manufacturer based in Hamburg. AREVA, a world leader in technological solutions for CO2-free power generation, electricity transmission and distribution, currently holds 29.99 per cent of REpower and has been a strategic partner and investor in the company since September 2005.

AREVA is offering EUR 105 per REpower share, which values REpower’s equity at EUR 850 million. This represents:
- 17 per cent premium over the share price at closing immediately previous to this announcement (1)
- 44 per cent premium over the 3 month average share price (1)

AREVA believes this valuation to fully reflect the business value and future prospects and considers it highly attractive to the REpower shareholders. The offer will be subject to AREVA achieving 50% plus one share ownership in REpower and usual customary conditions.

REpower is one of the leading players in the fast-growing worldwide wind energy sector, specializing in high output turbine technology particularly suitable for off-shore turbines. The company employs 740 (2) people and announced forecast revenues of 450 million euros for 2006. Aside from being one of the leading players in its home market of Germany, REpower has established a strong presence in a number of key European markets (notably France) and is pursuing promising development plans in China, India and the USA.

The complementary nature of the combination will enable REpower to have the necessary financial strength, engineering expertise and commercial reach to accelerate its development, particularly in off-shore projects. REpower already has a strong competitive advantage in this area by being the leader in 5MW turbines for offshore applications. The combination of AREVA and REpower will create a worldwide centre of excellence in wind energy based in Germany.

The global reach of the AREVA Group will allow REpower to leverage a bigger sales and marketing platform, opening up new and exciting future commercial prospects for the firm. AREVA’s knowledge of utility customers and grid managers will benefit REpower significantly.

This acquisition will reinforce AREVA’s strategic position in CO2-free energy technologies. AREVA's strategy of combining nuclear and renewable energies and transmission and distribution infrastructure are complementary, all seeking to address the world’s growing energy demand without emitting greenhouse gases.

"We are convinced that we have found in REpower the right company to participate in the promising wind energy market. Through its financial strength and global presence, AREVA will enable REpower to accelerate its development and build on its leading technologies, dynamic management team and highly skilled employees. This offer reflects AREVA’s long-term objective of continuously growing its leading position in non CO2-emitting technologies. Our combined capabilities can only bring positive prospects for the employees and customers of both AREVA and REpower." said Anne Lauvergeon, CEO of AREVA Group.

(1) Based on Xetra closing prices
(2) Based on REpower Systems Q3 2006 Results