Group Structure

The following diagram depicts, in simplified form, the organisational structure of Eurogrid GmbH, its shareholder and 50Hertz and its subsidiaries, including minority participations.

The share capital of Eurogrid GmbH is 80% held by Eurogrid International N.V./S.A., a company incorporated in Brussels, Belgium and 20% held by Kreditanstalt für Wiederaufbau (KfW). Eurogrid GmbH is indirectly owned by Elia Group (“Elia”) holding 100 per cent. of the shares of Eurogrid International N.V./S.A..

Elia is a public limited liability company incorporated in Belgium. Elia’s core business is the operation, maintenance and development of very high voltage (380 kV, 220 kV and 150 kV) and high voltage (70 kV, 36 kV and 30 kV) networks to maintain a reliable electricity flow from electricity producers, whether located in Belgium or elsewhere in Europe, to distributors and large corporate clients. Elia owns 100 per cent. of the Belgian very high voltage electricity network and owns (or has the right to use) approximately 94 per cent. of the Belgian high voltage electricity network. In addition to its system operator activities in Belgium, Elia also offers a range of consultancy and engineering activities. Elia also continuously aims at improving the functioning of the open electricity market by acting as a market facilitator, both in the context of a single European electricity market as well as in the framework of the integration of renewable energy, in accordance with national and European policies.