South E.p.5.50% Regulatory News (52AF)

Eastern Power Networks plc, London Power Networks plc, South Eastern Power Networks plc

Publication of Offering Circular

The following offering circular (the "Offering Circular") has been approved by the UK Listing Authority and is available for viewing:

The Offering Circular in respect of the £10,000,000,000 Euro Medium Term Note Programme of each of Eastern Power Networks plc, London Power Networks plc and South Eastern Power Networks plc, dated 14 November 2014.

To view the full Offering Circular, please paste the following URL into the address bar of your browser.

http://www.rns-pdf.londonstockexchange.com/rns/1363X_-2014-11-14.pdf

A copy of the Offering Circular has also been submitted to the National Storage Mechanism and will shortly be made available for inspection at http://www.morningstar.co.uk/uk/nsm.

For further information, please contact

Andrew Kluth

Head of Treasury, UK Power Networks

4th Floor Newington House

237 Southwark Bridge Road

London SE1 6NP

Tel: 020 7397 7716

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Offering Circular may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Offering Circular) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Offering Circular is not addressed. Prior to relying on the information contained in the Offering Circular you must ascertain from the Offering Circular whether or not you are part of the intended addressees of the information contained therein.

Your right to access this service is conditional upon complying with the above requirement. 

Neither this announcement nor the Offering Circular constitutes an offer of the Notes described in the Offering Circular for sale in the United States. This is not for distribution in the United States. The Notes have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act") and are subject to U.S. tax law requirements. Subject to certain exceptions, Notes may not be offered, sold or delivered, directly or indirectly, in the United States or to, or for the account or benefit of U.S. persons, as such terms are defined in Regulation S under the Securities Act. There will be no public offering of the Notes in the United States.