The following was released today in London:
Southern Electric International Inc., a wholly owned subsidiary of The Southern Company, announces that, following market
purchases today, another subsidiary of The Southern Company is now the beneficial owner of an additional 3,533,918
shares in South Western Electricity plc (SWEB) (3.2 percent of SWEBs issued share capital). The purchases increase
the subsidiarys total holding in SWEB to 16,020,028 shares (14.4 percent of the issued share capital).
On July 13, The Southern Company made a bid for the outstanding shares of SWEB. Southern Electric International`s offer
is not being made, directly or indirectly, in or into, or by use of the mails of, or by any means or instrumentality (including,
without limitation, facsimile transmission, telex or telephone) of interstate or foreign commerce of, or through any facility of a
national securities exchange in, the United States, and the offer cannot be accepted by any such use, means, instrumentality
or through any such facility or from within the United States, Canada or Australia.