Re Convertible Bond Issue

Scottish & Southern Energy PLC
30 September 2004


Not for distribution in or into the United States


30 September 2004


Exercise of Over-Allotment Option


Further to the announcement on 29 September 2004 regarding the completion of a
convertible bond issue by Scottish and Southern Energy plc ('SSE'), SSE is
pleased to announce that Merrill Lynch International has today exercised the
over-allotment option of £25 million in principal amount of the Bonds.


For further information please contact:

Scottish and Southern Energy                         Tel: [phone]
Alan Young - Director of Corporate Communications
Denis Kerby - Investor and Media Relations Manager

Merrill Lynch International                          Tel: [phone]
Simon Fraser
Julian Kozerski
Andrew Osborne


STABILISATION/FSA

In the United Kingdom, this announcement is directed exclusively at persons who
fall within article 19 (5) or 49 (2) of the Financial Services and Markets Act
2000 (Financial Promotion) Order 2001 (all such persons together being referred
to as 'relevant persons'), and must not be acted on or relied upon by persons
other than relevant persons. Any invitation or inducement to engage in any
investment activity included within this announcement is available only to
relevant persons and will be engaged in only with relevant persons.

This announcement is not for distribution, directly or indirectly in or into the
United States or to any US person (as defined in Regulation S under the US
Securities Act of 1933, as amended ('Regulation S')).  These materials are not
an offer of securities for sale into the United States or elsewhere. The
securities may not be offered or sold in the United States or to, or for the
account or benefit of, US persons unless they are registered or exempt from
registration. There will be no public offer of securities in the United States.


                              END



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banking transactions except to the extent that such participation is
intended to benefit investor clients.




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