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Scottish Power PLC (SPW)

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Friday 05 January, 2001

Scottish Power PLC

FRN Variable Rate Fix

Scottish Power PLC
5 January 2001



RE: SCOTTISH POWER PLC
    JPY 1,000,000,000 SERIES 34 EMTN
    DUE: JULY 2009
    ISIN: XS0098875809

THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE 
PERIOD 09JAN01 TO 09JUL01 HAS BEEN FIXED AT 0.82625 PCT PER ANNUM. 

THE COUPON AMOUNT DUE 09JUL01 WILL AMOUNT TO:
JPY 4,154,201 PER JPY 1,000,000,000 DENOMINATION.
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IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON 
TEL:  44 171 508 3857/3855 OR FAX:  44 171 508 3881.


RATEFIX DESK
CITIBANK N.A., LONDON