Update on Offer for Drax

RNS Number:1083T
International Power PLC
10 December 2003

                         Update on Offer for Drax Debt

(London - 10 December 2003) International Power plc (IPR) notes that the
cash-out elections by the creditors of Drax are now complete.  As anticipated by
IPR, take up of the cash out election is at an insignificant level due to the
improvement in power prices in the UK since IPR made its original offer.

In accordance with the agreement with Drax, IPR will receive #2 million for its
contribution to the restructuring process together with reimbursement of
associated costs.

For further information please contact:

Aarti Singhal
Tel: [phone]

International Power plc is a leading independent electricity generating company
with 10,990MW (net) in operation and 610 (net) under construction. Among the
countries where International Power has facilities in operation or under
construction are Australia, the United States, the United Kingdom, the Czech
Republic, the UAE, Portugal, Turkey, Malaysia, Pakistan and Thailand.
International Power was listed on the London Stock Exchange and the New York
Stock Exchange (as ADRs), on 2 October 2000.  The ticker symbol on both stock
exchanges is "IPR".


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