Lake Acquisitions said Monday that it has received NLF's acceptance in respect of its entire holding of 571,204,734 British Energy Convertible Shares (representing approximately 35.54% of the current issued share capital of British Energy Group).

Accordingly, Lake Acquisitions said Monday that the offers have become unconditional in all respects and that the acquisition has become effective.

The offers have become unconditional in all respects, Lake Acquisitions intends to procure that British Energy applies to the U.K. Listing Authority for the cancellation of listing of British Energy Ordinary Shares on the Official List and to the Main Market of the London Stock Exchange for the cancellation of admission to trading of British Energy Ordinary Shares on its main market for listed securities.

The cancellation of listing and admission to trading of British Energy Ordinary Shares will significantly reduce the liquidity and marketability of any British Energy Ordinary Shares not assented to the offers.

Such cancellation of listing and admission to trading will take effect no earlier than Feb. 2, 2009, being the date 20 business days from Monday, January 5, 2009.

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