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Jersey Electricity (JEL)

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Tuesday 16 May, 2000

Jersey Electricity

Interim Results - 6 Months to 31 March 2000

Jersey Electricity Company Limited
15 May 2000

Re:  INTERIM ACCOUNTS & DIVIDEND

The Jersey Electricity Company Limited announces that at a meeting of the Board
of Directors of this Company held on 15 May 2000, an interim dividend of 32
pence per share less income tax (1999, 29p) on the Ordinary and 'A' Ordinary
share capital absorbing £392,192 (1999:£355,424) was declared in respect of the
period ending 30th September 2000.  The dividend will be payable on the 25th
August 2000 to shareholders recorded in the register on the 11th August 2000.

Unaudited particulars of the results for the 6 months ended 31st March 2000 are
given in the following table.

The half yearly report to 31st March 2000 will be sent to all shareholders in
due course and copies will be made available to the public at the Company's
registered office, Queens Road, St. Helier, Jersey, JE4 8NY.

THE JERSEY ELECTRICITY COMPANY LIMITED

SUMMARY OF FINANCIAL RESULTS



                                6 months       6 months       12 months
                                ended          ended          ended
                              31 March 2000   31 March 1999  30 September 1999

Gross Revenue                  £26,577,000     £27,117,000     £50,767,000
                                ----------      ----------      ----------

Net Profit before Interest
and Taxation                    £1,003,000      £4,221,000      £5,293,000

Net Interest (£351,000 less
£14,000)                          £337,000        £705,000      £1,322,000
                                 ---------       ----------      ----------

Net Profit before Taxation      £1,340,000      £4,926,000      £6,615,000

Income Tax (estimated)             £91,000        £864,000        £930,000

                                 ---------       ----------      ----------

Net Profit after Taxation       £1,249,000       £4,062,000     £5,685,000

Minority Interest                 £267,000         £(13,000)       £71,000 

                                 ----------      -----------     ----------

Net Profit after Taxation and
Minority Interest                £1,516,000       £4,049,000    £5,756,000

Earnings per Share                    £0.99            £2.64         £3.76