35LY Int.pwr.j.3.75%

RNS Number:4476O
International Power (Jersey) Ltd
04 July 2005


                      INTERNATIONAL POWER (JERSEY) LIMITED

      US$252,500,000 3.75 PER CENT. GUARANTEED CONVERTIBLE BONDS DUE 2023

 convertible into 3.75 per cent. redeemable preference shares of International
 Power (Jersey) Limited which are immediately exchanged for ordinary shares of
                       and unconditionally guaranteed by

                            INTERNATIONAL POWER PLC

                   NOTICE OF ADJUSTMENT TO THE EXCHANGE PRICE

Adjustment Event

On 17 May 2005 International Power plc announced that on 8 July 2005 it would
pay a cash Dividend of 2.5 pence per ordinary Share to Shareholders on the
register of members on the record date of 27 May 2005.

Adjustment of Exchange Price

In accordance with the terms of the Bonds, if a Bondholder exercises their
option to convert their Bonds, the amount of Ordinary Shares in International
Power which will be issued following such conversion will depend on the Exchange
Price in effect on the Conversion Date.  The Exchange Price is subject to
adjustment on the occurrence of certain corporate events, one of which is a
payment of a cash dividend by International Power to its shareholders.

The current Exchange Price is 179 pence.

From and including 8 July 2005, being the date of payment of the cash Dividend,
the Exchange Price will be adjusted to 176 pence.  All other Terms and
Conditions of the Bonds remain unchanged.

Conversion Agent

Deutsche Bank AG London

Effective Date of Exchange Price Adjustment

The adjustment to the Exchange Price will become effective on 8 July 2005.

Defined Terms

All words and terms that are capitalised herein shall have the same meaning as
set out in the Terms and Conditions of the Bonds.


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

Int.pwr.j.3.75% (LSE:35LY)
Historical Stock Chart
From Nov 2024 to Dec 2024

Int.pwr.j.3.75% (LSE:35LY)
Historical Stock Chart
From Dec 2023 to Dec 2024