Press Releases

07/11/2005

International Power and Mitsui announce that they have not submitted a firm bid for Drax Power Station, UK

(London – 7 November 2005) Following International Power’s announcement on 19th October, International Power and Mitsui & Co., Limited have worked with Drax Group Limited (“Drax”) and its advisers with a view to putting forward a firm offer within Drax’s current process. The Board of International Power announces that it has not been able to formulate a firm offer which it believes would satisfy the expectations of the Drax Board. Accordingly, no offer has been submitted.

For further information please contact:

Media Contact:
Sara Richardson
+44 (0)20 7320 8619

Investor Contact:
Aarti Singhal
+44 (0)20 7320 8681

About International Power
International Power plc is a leading independent electricity generating company with 16,246 MW (net) in operation and 1,729 MW (net) under construction. International Power has power plants in operation or under construction in Australia, the United States of America, the United Kingdom, the Czech Republic, Italy, Portugal, Spain, Turkey, Oman, Qatar, Saudi Arabia, the UAE, Indonesia, Malaysia, Pakistan, Puerto Rico and Thailand. International Power was listed on the London Stock Exchange and the New York Stock Exchange (as ADR’s), on 2 October 2000. The ticker symbol on both stock exchanges is "IPR".