ScottishPower today made the following statement on trading ahead of entering the closed period for the year ending 31 March 2002. The preliminary results will be announced on 1 May 2002.

During the year we have taken several difficult but important steps to focus ScottishPower as an international energy business. We have exited both financial services and retail stores and last week completed the demerger of Thus. We have also recently announced the sale of Southern Water which brings to a conclusion the process of redefining ScottishPower as an international energy business and strengthens our financial position. In addition, we have continued to deliver improvements in operating performance and efficiency in the US through the Transition Plan, in UK customer service and in the Infrastructure Division.

Trading at ScottishPower since the publication of the third quarter results on 31 January 2002 and the results for the year to 31 March 2002 continue to be in line with the Board's expectations.

Further Enquiries:
Colin McSeveny,   Group Media Relations Manager   0141 636 4515

Andrew Jamieson,     Head of Investor Relations       0141 636 4527