2 June 2000
WPD Limited ('WPDL') Offer for Hyder plc ('Hyder')
The Board of WPDL notes the announcement released today by Hyder, and,
although disappointed at Hyder's continuing view of the regulatory risks,
welcomes Hyder's commitment to pursuing vigorously discussions with WPDL.
WPDL has continued its discussions with relevant bodies in relation to its
Offer. These discussions have reinforced the confidence that WPDL expressed
in its ability to address successfully all regulatory requirements necessary
to complete the Offer. WPDL is also committed to continuing its discussions
with the Board of Hyder with a view to securing their recommendation.
Schroder Salomon Smith Barney (financial 020 7658 6000
adviser to WPDL)
David James (Corporate Broking)
Cardew & Co (PR advisers to WPDL) 020 7930 0777
Salomon Brothers International Limited, trading as Schroder Salomon Smith
Barney ('Schroder Salomon Smith Barney'), which is regulated in the United
Kingdom by The Securities and Futures Authority Limited, is acting for WPD
and WPDL and no one else in connection with the Offer, and will not be
responsible for anyone other than WPD and WPDL for providing the protections
afforded to customers of Schroder Salomon Smith Barney or for providing
advice to any other person in relation to the Offer.