(LOUISVILLE, Ky. – April 2, 2003) Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU), both members of the E.ON AG (NYSE: EON; Frankfurt: EOA) family of companies, today announced regular dividends on several series of the companies preferred stock. The LG&E dividends are payable April 15, 2003, to shareholders of record on March 31, 2003. The KU dividends are payable June 2, 2003, to shareholders of record on May 15, 2003.

The LG&E dividends are as follows:

• 31.25 cents per share on the 5 percent cumulative preferred stock, $25 par value
• $1.46875 per share on the $5.875 cumulative preferred stock (without par value)
• $.600 per share ($600 per unit) on the preferred stock, Auction Series A (without par value)

The KU dividends are as follows:

• $1.1875 per share on the 4.75 percent preferred stock, $100 stated value (without par value)
• $1.6325 per share on the 6.53 percent preferred stock, $100 stated value (without par value)