Corporate Update

Scottish & Southern Energy PLC 13 January 2006 ACQUISITION OF ADDITIONAL STAKE IN BARKING POWER LTD Scottish and Southern Energy plc ('SSE') has acquired an additional 8.36% stake in Barking Power Ltd from the administrators of TXU Europe Power Ltd for a total cash consideration of £14.59m. The acquisition gives SSE a total stake of 30.4% in the 1,000MW combined cycle gas turbine station, which was commissioned in 1995. It therefore adds 84MW to the portfolio of electricity generation assets owned by SSE, taking the total to over 10,000MW for the first time. Barking Power's contracts to supply electricity are unaffected by the transaction. SSE's share of the offtake from Barking Power remains at 45%. Ian Marchant, Chief Executive of SSE, said: 'This is a very useful acquisition, which complements our other investments in coal-fired generation capacity and in renewable energy and confirms our position as the owner of the most diverse and flexible group of generation assets in the UK. It is another example of the value which we believe can be created from the incremental addition to our business of assets in the UK.' Enquiries to: Scottish and Southern Energy Alan Young, Director of Corporate Communications 0870 900 0410 Jennifer McGregor Public Affairs Manager 0870 900 0410 This information is provided by RNS The company news service from the London Stock Exchange

Companies

SSE (SSE)
UK 100

Latest directors dealings