Corporate Action

LEPCO plc 13 July 2001 CAPITAL REORGANISATION SECURITY TITLE *Ord Shs MNEMONIC CODE *LCO SEDOL CODE *529-992 TERMS *Each Ordinary Share of 10p will be subdivided into 1 Ordinary Share of 1p and 1 Deferred Share of 9p PROVISIONAL EFFECTIVE DATE *23-07-01 NOTES * The effective date for the Capital Reorganisation is subject to approval at the EGM.