XSHVF SEN GR Pinaki Das Suez SZEVF SEV FP Pinaki Das Terna TERRF TRN IM Harry Wyburd Veolia VEOEF VIE FP Pinaki Das Veolia VEOEY VEOEY US Pinaki Das Vestas VWSYF VWS DC Pinaki Das NEUTRAL Acciona ACXIF ANA SM Pinaki Das Drax Group Ltd DRXGF DRX LN Fraser McLaren E.ON ENAKF EOAN GR Peter Bisztyga E.ON EO

ad, confident on meeting FY goals (trading +2.6%) • Fraport O1 revs ahead, adj EPS beats, EBIT misses, confirms EBITDA guidance (trading -1.7%) • Vestas O1 sales inline, net loss worse, FCF better, maintains FY outlook (trading +10%) • Die Welt running a story that the ECB may start buying bad bank

high availability factors • The projects use multiple proven turbine platforms developed by established wind turbine manufacturers including GE, Vestas. Senvion, and Mitsubishi Source: Deutsche AM_ As of July 21. 2016. The photographs depicted above and on subsequent pages are not intended to be r

high availability factors • The projects use multiple proven turbine platforms developed by established wind turbine manufacturers including GE, Vestas. Senvion, and Mitsubishi Source: Deutsche AM_ As of July 21. 2016. The photographs depicted above and on subsequent pages are not intended to be r