Page 2of3 Vkstiaw 1/21/98 F'TI 28 Page 1 1/21/98 Fin. Times 28 1996 WLNR 3955142 Financial Times UK Copyright (c~ 1998 Financial Times Ltd. All rights reserved. January 21, 1998 Companies and Finance: The Americas: Enron shares rise on improvement: Americas News Digest RICHAP*D WATERS Electricity, Electricity. ENERGY Enron shares rise on improvement Shares in Enron climbed nearly 5 per cent yesterday morning as the Houston-based energy group beat most Wall Street forecasts with earnings of 53 cents a share in the final quarter, a 10 per cent rise on the same period a year before. Net income rose 29 per cent to Dollars 169ro. Last year Enron took after-tax charges of Dollars 53Th, which the company said would remove uncertainty over contingent liabilities from its balance sheet. The charges reflected the settlement of a dispute over the 1-block qas contrac~ ~r I depressed macgins in the MTBK business. They were offset in part by a Dollars 6dm after-tax gain from asset sales. Pull-year net income tell from Dollars SB4zr, or Dollars 2.16 a share, to Dollars 103,o, or 32 cents. Richard Waters INDEX REFERENCES COMPANY: ENRON CORP Language: EN OTHER INDEXING: (ANERICAS NEWS; ENERGY) (Electricity; Enron; Full; Richard Waters) (Equities bonds - prices; Markets market information; Equity prices; Market data) (United States of America (US)) COMPANY TERMS: ENRON CORP PRODUCT: Electric and Other Services Combined © 2006 Thomson/West. Nc Claim to Orig. U.S. Govt. Works. http:I/print.westlaw.corn/delivery.hrini?dest=arp&format=HTMLE&datai&A0055800000... 2/12/2006 r 7 GOVERNMENT EXHIBIT 4540 CmoNo 5104-0025 I -4 1/21/98 F'TT 28 SIC~ 4931 EDITION~ London Edition 1 Word Count~ 159 1/21/98 PPI 28 END OF DOCUMENT @ 2006 Thomson/West. No Claim to Orig. US. Govt. Works. http://print.westlaw.cozn/delivery.html?dest=atp&format=1-ITMLE&datai&=A0055800000... 2/12/2006 Page 3of3 Page 2 I