07LC Citibank Thai U

RNS Number:1497F
International Power PLC
12 June 2001

                          INTERNATIONAL  POWER  PLC



            International Power (Cayman) Limited U.S.$ 350,000,000

                 2 per cent Senior Convertible Notes due 2005

International Power plc is pleased to announce that, following its Annual
General Meeting held today, a further 2 1/2% of its issued share capital has
been released from shareholder pre-emption rights. Consequently, pursuant to
Section 5.1 of the Indenture, dated 24 November 2000, between International
Power (Cayman) Limited, International Power plc, and Citibank N.A., as
trustee, relating to its 2 per cent senior convertible notes due 2005, the
Board of Directors of International Power (Cayman) Limited, has authorized the
increase of the conversion amount in respect of each U.S.$1,000 principal
amount of notes from U.S.$665.86 to U.S.$1,000 and the decrease of the
corresponding cash amount from US.$334.14 to U.S.$0.00. The notes are
guaranteed by and convertible into ordinary shares of International Power plc.



12 June 2001.



Stephen Ramsay  -  Company Secretary

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