FORM OF FACE OF RECEIPT]Deposit Agreement • March 30th, 2004 • Scottish & Southern Energy PLC /Fi • New York
AS PROVIDED IN THE ARTICLES OF ASSOCIATION OF THE COMPANY AND THE DEPOSIT AGREEMENT, THIS RECEIPT IS SUBJECT TO CERTAIN RESTRICTIONS CONCERNING INTERESTS IN SHARES OR AMERICAN DEPOSITARY SHARES REPRESENTING 15% OR MORE OF THE RELEVANT SHARE CAPITAL OF THE COMPANY. UNDER CERTAIN CIRCUMSTANCES THE VOTING RIGHTS ATTACHING TO THE SHARES UNDERLYING THIS RECEIPT MAY BE WITHDRAWN AND CONSEQUENTLY THE HOLDER OF THIS RECEIPT MAY NOT BE ENTITLED TO DIRECT THE VOTING OF SOME OR ALL OF THE UNDERLYING DEPOSITED SECURITIES AND SOME OR ALL OF THE UNDERLYING DEPOSITED SECURITIES MAY BE SOLD, IN WHICH CASE THIS RECEIPT WILL ENTITLE THE HOLDER TO (A) THE PROCEEDS OF SUCH SALE, LESS TAXES AND EXPENSES, AND (B) ANY UNSOLD DEPOSITED SECURITIES. SEE PARAGRAPHS (20) AND (21) HEREOF.
