Further to the announcement of 3 August 2000 regarding the disposal of ScottishPower's Australian assets to Cheung Kong Infrastructure and Hongkong Electric Holdings, ScottishPower confirms the completion of the disposal of PowerCor for approximately A$2.3 billion on Wednesday 6 September 2000.

The binding offer from Cheung Kong Infrastructure and Hongkong Electric Holdings for the 19.9% interest in Hazelwood is still subject to a pre-emptive rights process and the sale is expected to conclude later this year.

Further Information:
ScottishPower Press Office
Colin McSeveny                                      0141 248 8200