FORM 8.3

DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE 

(Rule 8.3 of the City Code on Takeovers & Mergers)

1. KEY INFORMATION

Name of Person State Street

  Dealing (Note 1) Global Advisors & Affiliates

 

Company Dealt In British Energy PLC

 

Class of Relevant Security Ord  

  to Which the Dealings  

  Being Disclosed  

  Relate (Note 2)  

 

Date of Dealing 14/05/2008  

   

2. INTERESTS, SHORT POSITIONS & RIGHTS TO SUBSCRIBE

(a) Interests & Short Positions (following dealing) in 

  the Class of Relevant Security Dealt In (Note 3)

Class of Relevant Security: Long Short  

  Number % Number %  

(1) Relevant Securities 27738606 2.68532  

(2) Derivatives 0 0.00000 0 0.00000  

  other than options  

(3) Options &  

  Agreements to  

  Purchase/Sell  

Total 27738606 2.68532 0 0.00000  

   

(b) Interests & Short Positions in Relevant Securities of the Company 

  (ex.Class Dealt In) (Note 3)

Class of Relevant Security: Long Short  

  Number % Number %  

(1) Relevant Securities  

(2) Derivatives  

  other than options  

(3) Options &  

  Agreements to  

  Purchase/Sell  

Total  

   

(c) Rights to Subscribe (Note 3)

Class of Relevant Security: Details  

   

   

   

3. DEALINGS (Note 4)

(a) Purchases & Sales

Purchase / Number of Price  

Sale Securities per Unit  

   

SELL 88026 6.79  

   

(b) Derivatives Transactions (other than options)

Product Name (e.g. CFD) Long/Short No./Securites Price/Unit  

  (Note 6) (Note 7) (Note 5)  

   

   

(c) Options Transactions in Respect of Existing Securities

  (i) Writing, Selling, Purchasing or Varying

Product Name Write,Sell No/Securities Exercise Type  

(eg call option) Purchasing, Which the Price (e.g. USA,  

  Varying etc. Optn Relates European etc)

  Relates-Note7  

   

   

Expiry Date Option Money  

  Paid/Received  

  per Unit  

  (Note 5)  

   

   

  (ii) Exercising

Product Name Number of Exercise  

(eg call option) Securities Price per  

  Unit (Note 5)  

   

   

(d) Other Dealings (including new securities) (Note 4)

Nature of Transaction Details Price / Unit  

(Note 8) if applicable  

  (Note 5)  

   

   

4. OTHER INFORMATION

(a)Agreements, Arrangements or Understandings Relating to Options or Derivatives

Full details of any agreement, arrangement or understanding between the person

disclosing & any other person relating to the voting rights of any relevant

securities under any option referred to on this form or relating to the voting

rights or future acquisition or disposal of any relevant securities to which

any derivative referred to on this form is referenced.

If none, this should be stated.

Is a Supplemental Form 8 Attached? (Note 9) NO

Disclosure Date 15/05/2008

Contact Name Harshil Naik

Telephone Number 020 7698 6213  

If Connected EFM N/A  

  Name of Offeree/Offeror  

  With Which Connected  

If Connected EFM N/A  

  State Nature of  

  Connection (Note 10)  

   

Notes:

The Notes on Form 8.3 can be viewed on the

Takeover Panel's website at www.thetakeoverpanel.org.uk

ENDRETSFWFEISASEII

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