The Board of EEII AG proposes to the General Assembly of March 14, 2003 to reduce the share capital from CHF 80 to CHF 10 per share. An amount of CHF 51.85 per share shall be disbursed to the shareholders in the form of shares in an open-ended investment fund to be created. EEII AG’s entire listed portfolio will be put into the new fund, which will cover the sectors energy and utilities. EEII AG will continue to exist as a private equity investment company.