Subsequent events

Above all, the energy transition presents, besides the operational challenge, a financing challenge. Stedin expects to have to invest around 7 billion in the period up to 2030. This amount will be financed in part by positive operational cash flows and can in part be borrowed, but Stedin also expects to need an amount of between €750 million and €1 billion in additional equity. Stedin is engaged in talks on this with its stakeholders. To meet the equity requirement in the short term of €180 to €200 million, Stedin is engaged in talks with its shareholders.