35LY Int.pwr.j.3.75%

RNS Number:7529I
International Power (Jersey) Ltd
17 February 2005

International Power (Jersey) Ltd US $252,500 3.75% guaranteed convertible bonds
due 2023 ("the Bonds")

(London - 17 February 2005) International Power (Jersey) Limited (the "Issuer")
announces that on 17 February 2005 it has executed a Deed Poll pursuant to which
it has irrevocably undertaken not to exercise the "Cash Election" feature of the
Bonds.  The Cash Election entitles the Issuer, on conversion of a Bond, to
deliver a cash amount as opposed to delivering ordinary shares to that
Bondholder.

The Issuer has taken this action due to the introduction of International
Financial Reporting Standards, which require the Issuer to mark to market the
Cash Election, causing potential future earnings volatility.

For further information please contact:

Investor contact:
Anna Hirst +44 (0)20 7320 8788

About International Power:

International Power plc is a leading independent electricity generating company
with 15,695 MW (net) in operation and 1,349 MW (net) under construction.
International Power has power plants in operation or under construction in
Australia, the United States of America, the United Kingdom, the Czech Republic,
Italy, Portugal, Spain, Turkey, Oman, Saudi Arabia, the UAE, Indonesia,
Malaysia, Pakistan, Puerto Rico and Thailand. International Power was listed on
the London Stock Exchange and the New York Stock Exchange (as ADR's), on 2
October 2000. The ticker symbol on both stock exchanges is "IPR".


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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