SCOTTISH AND SOUTHERN ENERGY PLC
18 August 1999
Scottish and Southern Energy plc ('the Company')
Purchase of shares under Deferred Bonus Plan
The Company announces the purchase of 73,152 ordinary shares of 50p each in
the Company at a price of 573p per share on 17 August 1999 by Bedell and
Cristin Trustees Ltd as trustee of the Scottish and Southern Energy Deferred
Bonus Plan ('the Trust').
Performance - related awards under the Company's Deferred Bonus Plan ('the
Plan') were granted on 17 August 1999 to senior staff including executive
directors and will (subject to the rules of the Plan) be satisfied after three
years using shares held by the Trust. The share awards to the executive
directors were as follows: J A Forbes - 26,777 shares, J Hart - 12,683 shares
and I D Marchant - 13,741 shares.
Rewards obtained by participants in the Plan are dependent on performance by
individuals and by the Company which is measured in financial terms and by
other criteria including the Company's performance relative to a group of
comparator companies in certain key variables.
Each executive director will only receive from the Trust that number of shares
to which they are entitled under their award. For Companies Act purposes,
however, the executive directors are technically regarded as having an
interest in all those shares held by the Trust.
Enquiries:
L J V Donnelly Tel: 01738 455150
Deputy Company Secretary
Scottish and Southern Energy plc
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