RNS Number:0479N
Zhejiang Southeast Elec Power Co Ld
02 July 2003

               Zhejiang Southeast Electric Power Company Limited

            Notice to Convene the First Extraordinary Shareholders'

                            General Meeting for 2003

The Company and all the members of the Board of Directors warrant the
authenticity, accuracy and completeness of this announcement and jointly accept
full responsibility for the false representations, misleading statements or
material omissions in this announcement.

Important matters:

Time of the Meeting: 1st August 2003

Place of the Meeting: Dahua Hotel of Hangzhou (No. 171 Nanshan Road, Hangzhou)

Important proposal: Proposal on participation in investment of Tankeng
Hydroelectric Power Plant Project

Upon discussion and approval of the first meeting of the third Board of
Directors, the Company decided to convene the Extraordinary Shareholders'
General Meeting for 2003 on 1st August 2003 at Dahua Hotel of Hangzhou. Details
of the meeting are as follows:

1.     Time of the Meeting: 1st August 2003 at 8:30 a.m.

2.     Venue of the Meeting: Dahua Hotel, No. 171 Nanshan Road, Hangzhou.

3.     Agenda of the Meeting:

The proposal of the Meeting is called Proposal on Participation in Investment of
Tankeng Hydroelectric Power Plant  Project. Please refer to the Announcement of
Foreign Investment i.e. Connected Transaction.

4.     Attendees of the meeting:

  1)     All the shareholders of the Company who have registered at China
Securities Clearing & Registration Corporation Shanghai Branch by the time the
market closes in the afternoon of 18th July 2003 shall have the right to attend
the meeting, and may entrust their agent to attend the meeting and to vote on
their behalf (the last day for trading of the Company's B shares shall be 15th
July 2003).

  2)     Directors, supervisors and other senior management officers of the
Company.

5.     Registration for the meeting

  1)    Individual shareholders who will be present at the meeting shall produce
their identity cards, shareholders' account cards and valid shareholding
evidence for registration; authorized proxies shall produce not only the
above-mentioned evidence but also the proxy forms and identity cards of the
proxies.

  2)    Legal person shareholders represented by legal representatives shall
produce the shareholders' account cards of legal persons, business licenses and
identity cards of the legal representatives to register; authorized proxies
shall produce not only the above-mentioned evidence but also the proxy forms of
the legal representatives and the identity cards of the proxies.

  3)    Shareholders may register by way of post, facsimile and telephone.

  4)    The office of the secretary to the Board of Directors will handle
registration formalities on 25rd July 2003 from 9:00 a.m. to 11:00 a.m. and 1:30
p.m. to 3:30 p.m.

6.     Other matters

  1)    The meeting will last half a day and the shareholders shall bear their
own costs of transportation, board and lodging.

  2)    Contacts:

Address: Office of the secretary to the Board of Directors, 22nd floor,
Triplenic Mansion, 528 Yanan Road, Hangzhou. (Postal code 310006)

Telephone: 86-571-85774566

Fax: 86-571-85774321



                               Board of Directors

                    Zhejiang Southeast Electric Power Company Limited

                                 2nd July 2003



Appendix: Proxy Form

Proxy Form

This is to fully authorize Mr./Ms. _____________ to attend the First
Extraordinary Shareholders' General Meeting for of Zhejiang Southeast Electric
Power Company Limited and vote on my behalf.

Appointer: ___________________________________________

No. of business license/identity card of the appointer: ___________

Number of shareholder account card of the Appointer: _________

Number of shares held by the Appointer: ___________

Appointee: ______ Number of identity card of the appointee: _________

Date of authorization: _____________

Appointer (seal): ____________






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