Rule 2.10 Announcement

Jersey Electricity Company Limited
13 January 2004


                     The Jersey Electricity Company Limited


In accordance with Rule 2.10 of the City Code of Takeovers and Mergers, Jersey
Electricity confirms that its share capital is comprised as follows;

950,000 Ordinary shares of £1 each
582,000 'A' Ordinary shares of £1 each
100,000 5% Participating Preference shares
134,760 3.5% Non-Participating Preference shares

No options have been granted on any class of shares.

Only the 'A' Ordinary shares have a listing. The ISIN code for the 'A' Ordinary
shares is 0-473-260


P J ROUTIER
Company Secretary

Direct Tel: [phone]
Direct Fax: [phone]
Email: [e-mail]

13th January, 2004


The Powerhouse
PO Box 45
Queens Road
St Helier
Jersey
JE4 8NY


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