============= Page 1 of 10 ============= Enron corp. Board of Directors Meeting Investor Relations Update August 7, 2000 E0004391645 WOO BOD-0 EXH005-00945 ============= Page 2 of 10 ============= Total Return to Shareholder 2000 Year-to-Date* 76.3% -D.ts ro -9.2% Enron *Through August 4; Returns Include Dividends Energy S&P 500 Peer Group Broadband NASDAQ DJIA Peer Group E0004391646 08/00_BOO-1 5 EXH005-00946 ============= Page 3 of 10 ============= Stock Price Performance 2000 Year-to-Date* 100% 80% 60% 40% 20% 0% 20% 40% *Through August 4 ,' 4 08/00_BOD-2 E0004391647 EXH005-00947 January reoruary nnarcn April Iv.ay Jun= July ============= Page 4 of 10 ============= Relative Valuation (P/E Ratio) December 1999 37x 081oo_BOD-3 EXH005-00948 Enron S&P tnergy 500 Peer Group ============= Page 5 of 10 ============= Total Return to Shareholders August 1997 to August 2000 332% 1 E0004391649 08100_BOD-4 EXH005-00949 Enron NASDAQ S&P 500 ============= Page 6 of 10 ============= Shareholder Composition Total Shareholders institutional Investor Style Inco 2 °i 08100 BOD-5 E0004391650 EXH005-00950 ============= Page 7 of 10 ============= Largest Shareholders Change From Name Shares Held Location 4/30/00 Janus Capital Corporation e/ 59,700,000 Denver (7,300,000) Putnam Investment Management, Inc. V 16,900,000 Boston 4,200,000 Fidelity Management and Research 16,700,000 Boston (800,000) Enron Corp. Savings Plan 14,500,000 Houston -0- American Century Investment Management 14,000,000 Kansas City 755,000 Smith Barney Asset Management 14,000,000 New York (1,700,000) American Express Financial Advisors 12,520,000 Minneapolis 1,570,000 Morgan Stanley Dean Witter Advisors 12,477,000 New York 1,357,000 Northern Trust Global Investments 8,700,000 Chicago (200,000) Merrill Lynch Asset Management 6,350,000 Plainsboro (396,000) College Retirement Equities Fund 5,450,000 New York 345,000 Dresdner RCM Global Investors 5,300,000 San Francisco 575,000 Goldman Sachs Asset Management 5,000,000 New York (600,000) Robur Kapital Forvaltning 4,600,000 Stockholm -0- MacKay Shields 4,500,000 New York 2,400,000 Equinox Capital Management 4,000,000 New York (800,000) First Union Bank of North Carolina 3,935,000 Charlotte -0- Government of Singapore 3,900,000 Singapore (3,150,000) Oppenheimer Funds 3,812,000 New York 62,000 Rorer Asset Management, L.L.C. 3,580,000 Philadelphia (720,000) Aeltus Investment Management V/ 3,500,000 Hartford 2,138,000 i - E0004391651 =XH005-00951 ============= Page 8 of 10 ============= Now 50" Index Enron Is Included in Motley Fool's "Now 50" Index Index Designed to Include Businesses Exhibiting Leadership in Innovation, Superior Use of Technology, Global Branding and Strategic Vision ® Includes the Following Companies (Partial List): - AOL - American Express - Amazon.com - Berkshire Hathaway - Cisco - Citi Group - Coca Cola - Dell - Enron - Gap - General Electric - Home Depot - IBM - Intel - Lucent - Merck - Microsoft - McDonald's - Medtronic - Nokia -Oracle - Pepsico - Pfizer - Proctor & Gamble - Schwab - Sony - Sun Microsystems - UPS - Walmart - Yahoo 08/00 BOD-7 E0004391652 =XH005-00952 ============= Page 9 of 10 ============= Enron Compared to "Now 50" Index *Through August 4 I', E0004391653 -11 1 I 08/00_BOD-S EXH005-00953 ============= Page 10 of 10 ============= Enron - Segment Valuation (Estimated Analyst Consensus) Business Segment Transportation & Distribution Valuation Method GPG-15 P/E x 2000 Net Income. PGN - $1.7 Billion Total Per Share (Millions) $ 6,000 $ 7.00 Wholesale* Slight Premium to Market P/E (30x) x 2000 Net Income Retail Analyst Consensus - NPV Approach $28,000 $33.00 $13,000 $15.00 E0004391654 Broadband Services Analyst Consensus - N PV Approach *Including Net Works ;' $19,000 $22.00 $66,000 $77.00 08/00_BOD-9 f =XH005-00954