34 Our Investors E.ON Stock E.ON stock is listed on all German stock exchanges. On December 30, 2009, E.ON stock's weighting in the DAX index of Germany's top blue chips was 10.1 percent, once again the highest weighting in the index. E.ON stock was the DAX's third-most traded stock by volume in 2009. In the United States, E.ON stock is traded over the counter in the form of American Depositary Receipts ("ADRs"). The conversion ratio between E.ON ADRs and E.ON stock is one to one. In a volatile stock market, E.ON stock (factoring in the reinvestment of the dividend) finished 2009 9 percent above its 2008 year-end closing price, thereby outperforming its peer index, the STOXX Utilities, which rose by 7 percent during 2009. However, E.ON stock underperformed the German stock market (the DAX was up 24 percent) and the European stock market (the EURO STOXX 50 was up 26 percent). Five-year performance Investors who purchased 5,000 worth of E.ON stock at the end of 2004 and reinvested their cash dividends (including the special dividend in 2006) saw the value of their investment increase to 8,219 by the end of 2009, which represents an average annual return of 10.5 percent. E.ON stock thus outperformed the DAX (7 percent per year on average) and the EURO STOXX (3.1 percent per year on average) and also had a higher annual return than the STOXX Utilities (8.5 percent per year on average). Want to find out more? eon.com/stock E.ON stock STOXX Utilities Performance of E.ON stock. Development of E.ON stock in 2009 12/30/2008