NPN Monthly Disclosure

 

TIDMBGY TIDM40GS TIDMNU.P 
 
RNS Number : 6553M 
Lake Acquisitions Limited 
02 February 2009 
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR 
INDIRECTLY IN OR INTO OR FROM THE UNITED STATES. 
The securities mentioned in this announcement have not been and will not be 
registered under the US Securities Act of 1933, as amended (the "Securities 
Act"), or the laws of any state of the United States. Consequently, the 
securities may not be offered, sold or otherwise transferred within the United 
States or offered, sold or otherwise transferred to a U.S. person except 
pursuant to an exemption from, or in a transaction not subject to, the 
registration requirements of the Securities Act and applicable state laws. No 
public offering of the securities is being made in the United States. 
2 February 2009 
Lake Acquisitions Limited 
Monthly information statement for January 2009 
The following information is provided by Lake Acquisitions Limited as issuer of 
the CVRs to which the Nuclear Power Notes are linked, for the sole purpose of 
satisfying the conditions for admission of the Nuclear Power Notes to the 
PLUS-quoted market. 
Contribution to Eligible Nuclear Output in respect of January 2009: 3.3 TWh 
Month Ahead Price in respect of January 2009:  59.05 GBP/MWh¹ 
Month Ahead Price in respect of February 2009:  57.56 GBP/MWh² 
Investors should note that for the purposes of calculating the Yearly Payment on 
the CVRs: 
  *  The contribution to Eligible Nuclear Output figures disclosed in each monthly 
  information statement are preliminary figures. The final figure for the Eligible 
  Nuclear Output for the relevant year will be set out in the Payment Calculation 
  Notice, is subject to a cap of 65TWh in any calendar year, and may not be equal 
  to the sum of the contribution to Eligible Nuclear Output figures disclosed in 
  each Monthly Information Statement for the relevant calendar year. 
  *  The Month Ahead Price in respect of January 2009 is not directly relevant to the 
  Yearly Payment on the CVRs for the year ending 31 December 2009, and is given 
  for information only. This is because the Relevant Power Price for the year 
  ending 31 December 2009 is not a function of the Market Power Price (being the 
  simple average of the twelve Month Ahead Prices for each calendar month in 
  2009), but is fixed at 80GBP/MWh in 31 December 2008 terms inflated at 2.5 per 
  cent. per annum, being 82 GBP/MWh. 
 
For further details, including in respect of the calculation of the Yearly 
Payment on the CVRs, please see the prospectus for the Nuclear Power Notes 
issued by Barclays Bank PLC on 5 November 2008 (Prospectus). 
In this announcement, capitalised terms that are not defined have the meaning 
set out in the Prospectus. 
Contacts: 
+--------------+----------------+--------------------------------------------+ 
| Sue Fletcher | 01355 846282   | (Media Enquiries)                          | 
+--------------+----------------+--------------------------------------------+ 
| Andrew Page  | 020 7266 8397  | (Investor Relations - Nuclear Power Notes) | 
+--------------+----------------+--------------------------------------------+ 
 
 
Note 1: Source - ICIS Heren European Daily Electricity Markets. In future 
monthly information statements, the previous month's Month Ahead Price will not 
be provided 
Note 2: Source - ICIS Heren European Daily Electricity Markets 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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