RNS Number : 4767K
  UBS AG (EPT)
  19 December 2008
   

                                                                                                                                            
                                                                                                                                            
                                                                                                  FORM38.5(a)

                                                                               DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS WITH
RECOGNISED INTERMEDIARY STATUS       DEALING IN A CLIENT-SERVING CAPACITY ( Rule 38.5(a) of the Takeover Code)    


 1. KEY INFORMATION


 Name of exempt principal trader                                                                                                            
                                              UBS AG London Branch
 Company dealt in                                                                                                                           
                                              BRITISH ENERGY GROUP
 Class of relevant security to which the dealings being disclosed relate (Note 1)                                                           
                                              10P ORDINARY
 Date of dealing                                                                                                                            
                                              18 DECEMBER 2008

 2. DEALINGS                                               (Note 2)


 (a) Purchases and sales


 Total number of securities purchased                                                                                                       
  Highest price paid                                                  (Note 3)                                                   Lowest
price paid                                                               (Note 3)
 217450                                                                                                                                     
  770 PENCE                                                                                                                      766.5
PENCE

 Total number of securities sold                                                                                                            
  Highest price received                                                          (Note 3)                                       Lowest
price received                                                           (Note 3)
 279335                                                                                                                                     
  770 PENCE                                                                                                                      768 PENCE

 (b) Derivatives transactions (other than options)


 Product name, e.g. CFD                                                                                           Long/short   (Note 4)     
                                                                                          Number of securities   (Note 5)                   
                                                              Price per unit  (Note 3)
                                    CFD                                                                                               SHORT 
                                                                                                               72018                        
                                                                  7.69289998  GBP
                                    CFD                                                                                               SHORT 
                                                                                                               86390                        
                                                                      7.6822
                                    CFD                                                                                               SHORT 
                                                                                                                1160                        
                                                                      7.6913
                                    CFD                                                                                               SHORT 
                                                                                                                3072                        
                                                                              7.614
                                    CFD                                                                                               SHORT 
                                                                                                               100000                       
                                                                              7.6929

 (c) Options transactions in respect of existing securities


 (i) Writing, selling, purchasing or varying 


     Product name, e.g. call option            Writing, selling, purchasing, varying etc                  Number of securities to which the
option relates (Note 5)                                  Exercise price                                Type, e.g. American, European etc.   
                          Expiry date                                     Option money paid/received per unit (Note 3)
                                                                                                                                            
                                                                

 (ii) Exercising


 Product name, e.g. call option                                                                                                             
  Number of securities                                                                                                           Exercise
price per unit                                                                              (Note 3)


 3. OTHER INFORMATION


 Agreements, arrangements or understandings relating to options or derivatives


 Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting
rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or
disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.  



 Date of disclosure                                                                                                                         
                                              19 December 2008
 Contact name                                                                                                                               
                                              Nimisha Sachdev
 Telephone number                                                                                                                           
                                              +44 (0)20 7568 9289
 Name of offeree/offeror with which associated                                                                                              
                                              BRITISH ENERGY
 Nature of connection (Note 6)                                                                                                              
                                              CONNECTED ADVISER


This information is provided by RNS
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