BC95 Citi Fun 24

RNS Number:7783W
Powergen UK PLC
22 March 2004

Powergen Luxembourg Holdings Sarl completes Bond purchase solicitation



Powergen Luxembourg Holdings Sarl, Luxemburg (PLHS), indirectly 100% owned by
E.ON AG, Dusseldorf, announced today that, following the conclusion of the bond
purchase solicitation, the following securities will be purchased:



The amounts that will be purchased are shown as follows:


Issuer                    Bonds                      Principal Amount of Bonds Percentage of Principal Amount   Purchase
                                                     Purchased in the          of Bonds Purchased               Price
                                                     solicitation

Powergen (East Midlands)  US$409.5 million 7.450%    93,690,000                22.88%                           114.650%
Investments               due May 15, 2007
Powergen UK Plc           EUR500 million 5.000% due  236,073,000               47.21%                         107.162%
                          8 July, 2009 *
Powergen UK Plc           GBP250 million 8.500% due  205,917,000               82.37%                           107.529%
                          3 July, 2006 *
Midlands Electricity Plc  GBP150 million 7.375% due 134,401,000                89.60%                           107.532%
                          14 November, 2007 *
Powergen UK Plc           GBP250 million 6.250% due  241,581,000               96.63%                           109.742%
                          29 April, 2024 *



* The solicitation of offers to sell with respect to these bonds was not made in
the United States of America as more fully explained below



The solicitation of offers to sell with respect to any of the bonds was not made
in the Republic of Italy as more fully explained below.



Deutsche Bank, HSBC and JPMorgan acted as Dealer Managers in the transaction.



This press release does not constitute, or form part of, any solicitation of any
offer or invitation to sell any securities in any jurisdiction nor shall it (or
any part of it), or the fact of its distribution, form the basis of or be relied
on in connection with any contract therefore.  No indications of interest in the
solicitation of offers to sell are sought by this press release.  The
solicitation of offers to sell were not made to, and offers will not be accepted
from or on behalf of, bondholders or intermediaries in any jurisdiction in which
the making or acceptance thereof would not be in compliance with the applicable
laws, rules and regulations of such jurisdiction.



United States of America



The solicitation of offers to sell with respect to the EUR500 million 5.000%
bonds due 8 July, 2009, GBP250 million 8.500% bonds due 3 July, 2006 and GBP250
million 6.250% bonds due 29 April, 2024 were not made, directly or indirectly,
in or into, or by use of the mail of, or by any means or instrumentality of
interstate or foreign commerce of, or of any facilities of a national securities
exchange of, the United States of America.  This includes but is not limited to,
facsimile transmission, electronic mail, telex, telephone and the internet.
Accordingly, the solicitation of offers to sell with respect to such bonds
cannot be acted on by any such use, means, instrumentality or facility from or
within the United States of America, and copies of any documents or materials
related to such solicitations of offers to sell are not being, and must not be,
mailed or otherwise transmitted or distributed in or into the United States of
America.  Any purported offer in response to such solicitations of offers to
sell resulting directly or indirectly from a violation of these restrictions
will be invalid, and offers to sell made by a resident of the United States of
America or any agent, fiduciary or other intermediary acting on a
non-discretionary basis for a principal giving instructions from within the
United States of America will not be accepted.



Republic of Italy



With respect to all of the bonds, the solicitations of offers to sell were not
made in the Republic of Italy and the solicitation memoranda in relation to the
bonds were not submitted to the clearance procedure of Commissione Nazionale Per
Le Societa E La Borsa (CONSOB) pursuant to Italian laws and regulations and may
not be used in the Republic of Italy in connection with the solicitations of
offers to sell.  Accordingly, noteholders are hereby notified that, to the
extent such noteholders are Italian residents, the solicitations of offers to
sell were not available to them and, as such, any offers to sell received from
such persons shall be void and neither the solicitation memoranda nor any other
material relating to the solicitations of offers to sell may be distributed or
made available in the Republic of Italy.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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