SOURCE: Scottish Power PLC

May 04, 2006 10:20 ET

Scottish Power Plc announces Director/PDMR Shareholding

GLASGOW, UK -- (MARKET WIRE) -- May 4, 2006 --

ScottishPower shareholders approve Return of Cash with 99.26% of votes cast for the resolution

ScottishPower shareholders approved the return of cash at today's EGM with 99.26% of the votes cast for the resolution. At the EGM

of shareholders held on Thursday 4 May 2006, the following resolution was duly passed and the result of the poll is shown below:

        Votes For    %   Votes Against    %    Total Votes  Votes         
                   Votes                Votes      Cast       
Withheld
                    For                Against

        905,420,490 99.26% 6,745,193    0.74%  912,165,683  3,135,459

Special Resolution
To approve (conditional upon the admission of the New Ordinary Shares and the B Shares to the Official List of the Financial Services Authority and to trading on the London Stock Exchange plc's main market for listed securities becoming effective) the Capital Reorganisation, the Return of Cash, the amendments to the Company's Articles of Association and the amendments to the existing authorities to allot new shares, disapply pre-emption rights and to make market purchases of ordinary shares, each as described in the Circular to Shareholders dated 31 March 2006.

The remaining timetable of events for the return of cash to shareholders is as follows:-

Event                                   Date

Latest time and date for dealings in      
Existing Ordinary Shares                4.30pm on Friday 12 May 2006       

Record Date for the Capital 
Reorganisation. Existing Ordinary 
Share register closed and Existing 
Ordinary Shares disabled in CREST       6pm on Friday 12 May 2006
                   
New Ordinary Shares and B Shares 
admitted to the Official List and 
admitted to trading on the London 
Stock Exchange'smain market for 
listed securities                       8am on Monday 15 May 2006
                      
Commencement of dealings in the New 
Ordinary Shares and B Shares and 
enablement in CREST. New Ordinary 
Shares and B Shares entered into 
CREST                                   8am on Monday 15 May 2006
                     
Latest time for receipt of Election 
Forms and TTE instructions from CREST 
holders in relation to the B Share 
Alternatives                            4:30pm on Friday 19 May 2006
                 
B Share Record Date                     6pm on Friday 19 May 2006

Single B Share Dividend declared and 
B Shares in respect of which the Single 
B Share Dividend is payable convert 
into Deferred Shares                    Monday 22 May 2006
                                                                                       
ScottishPower acquires B Shares under 
the Initial Repurchase Offer made by 
means of an announcement on the 
Regulatory News Service of the London 
Stock Exchange                          Monday 22 May 2006
                                                                                       
Despatch of New Ordinary Share 
certificates, retained B Share 
certificates, sale advices, cheques in 
respect of the Single B Share Dividend 
and/or B Shares purchased under the 
Initial Repurchase Offer as appropriate 
and cheques for fractional 
entitlements, and CREST accounts 
credited with the proceeds              Monday 5 June 2006

ScottishPower also announces, resultant from a meeting of the Board, the appointment of Mrs Sheelagh Duffield as Company Secretary, who takes up her position with immediate effect.

The company would like to thank its retiring Company Secretary, James Stanley, for his work and significant contribution made to the company and wish him every success in the future.

For further information:

Donald McPherson    Deputy Company Secretary            0141 566 4798
Colin McSeveny      Head of Media Relations             0141 566 4515



4 May 2006








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