Page 1

uni per Press Release November 5 , 2021 Uniper's operating business delivers strong nine - month performance Adjusted EBIT of € 614 million and adjusted net income of € 487 million markedly above prior - year figures Net loss due to IFRS - related inconsistency in the fair value measurement of hedging transactions and hedged items Economic net debt significantly lower , primarily because of high operating cash flow and lower pension obligations Earnings forecast for 2021 financial year raised Uniper recorded adjusted EBIT of € 614 million in the first nine months of 2021. The prior - year figure was € 405 million . The primary reason for the more than 50 - percent earnings increase was a higher contribution of the international and gas mid - stream commodity business . Earnings were adversely affected by a price- and volume - driven increase in provisions for carbon allowances relative to the prior - year period . The provisions are mirrored by carbon hedging transactions that will be unwound in the fourth quarter of 2021. This effect therefore will not adversely impact adjusted EBIT for the year as a whole . Earnings at the European Generation segment surpassed the prior - year figure . The segment benefited above all from the commissioning of Datteln 4 coal - fired power plant in late May 2020 and the return to commercial operations of Irsching 4 and 5 gas - fired generating units in the fourth quarter of 2020. Higher income from the UK capacity market also had a positive impact on earnings . These factors partially offset primarily by the unavailability of Maasvlakte 3 , a hard - coal - fired power plant in the Netherlands , and the non - recurrence of positive earnings streams from the optimization of fossil fueled power plants relative to the prior - year period . The significant year - on - year earnings increase at the Global Commodities segment is principally attributable to higher earnings from the international portfolio , which benefited from unusual weather conditions in North America and from business activities in Asia . The gas business , which had already recorded good nine - month earnings in the prior year , was another positive factor , benefiting from volatile , rising prices in the current financial year . Earnings at the Russian Power Generation segment were at the prior - year level . The principal positive drivers were the recommissioning of Berezovskaya's unit 3 in May 2021 and the accompanying income from Russia's capacity mechanism along with generally higher income resulting from price and volume increases on the day - ahead electricity market . Currency - translation effects and the expiration of long - term capacity payments for a total of four generating units at Shaturskaya and Yaivinskaya power stations in the current financial year and at Surgutskaya at the end of the prior financial year were the primary negative factors . Adjusted net income , which largely tracks adjusted EBIT , totaled € 487 million at the nine - month mark , thereby surpassing the prior - year figure of € 308 million significantly . The reported IFRS net income shows a loss of € -4,768 million in the first nine months . Main reason is a IFRS - related inconsistency in the fair value measurement of hedging transactions and hedged items . Whereas the derivatives are subject to " mark - to market " ( i.e. , fair value ) accounting , the corresponding appreciation of the hedged Uniper SE Holzstraße 6 40221 Düsseldorf www.uniper.energy For more information please contact : Georg Oppermann T +49 2 11-45 79-3570 M +49 1 78-4 39 48 47 Georg.oppermann @ uniper.energy Oliver Roeder T +49 2 11-45 79-3652 oliver.roeder @ uniper.energy If you would like to receive Uniper announcements by email , you can subscribe at www.uniper.energy/news/