ON FRIDAY 14th FEB 2003, BGY PREVAILED BUT ON MARCH 10th 2003, WE MUST FIGHT FOR OUR RIGHTS....... SEND THIS LETTER!, THEN MAKE SOME NOISE! AND VOTE 10% OR "NO" TO THE RESTRUCTURE.... CREDITORS YOU HAVE BEEN WARNED! DONT TRY AND SCREW US!


If you agree you face a real threat from creditors of BGY to take away your voting rights - cut and paste this e-mail to:

jill.kwan@fsa.gov.uk
OR
enquiries@fsa.gov.uk

or post to:
The Financial Services Authority,
25 The North Colonnade,
Canary Wharf,
London E14 5HS
Tel:
020 7676 1000

ALSO SEND YOUR VIEWS TO THE FOLLOWING EMAILS RECOMMENDING THAT WE INTEND TO VOTE "10% OR NO" ON MARCH 10TH

Paul.heward@british-energy.com (BE relations officer).
lynn.cuthbertson@british-energy.com (BE relations coordinator)
letters.editor@ft.com (Financial Times)
charles.moore@telegraph.co.uk (Editor Telegraph)


WE NEED MEDIA EXPOSURE ON THIS! LETS GIVE THE CREDITORS A RUN FOR THIER MONEY! REMEMBER TO KEEP SENDING UNTIL YOU RECIEVE AKNOWLEDGEMENT OF RECIEPT AND LET US KNOW!
____________________________________________________________________________

The Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS


17th February 2003


Dear Sir

Waiver of British Energy Shareholders Voting Rights

In the event of receipt by the FSA of any application or notification of Waiver of FSA Rules from British Energy plc or representatives of its creditors, to suspend or waive the voting rights of British Energy shareholders, I require that you notify me directly as soon as practicable.

Your objectives and guidelines expressly require that (8.3.1 (2)) " The waiver would not result in undue risk to persons whose interests the rules are intended to protect". I am informing you that such any such waiver of my voting rights as a British Energy shareholder will constitute an undue risk to my interests.

In view of the ongoing FSA Investigation into the British Energy Aug 14 2002 "Call to Analysts" to establish whether investors have been misled on the financial viability of British Energy at that time, I also wish to state that a waiver on British Energy's shareholder voting rights, now or in the near future, will be seriously prejudicial to the outcome of your investigation, and to my interests.

The FSA is charged with the duty to maintain confidence in the UK financial system, and to secure protection for its consumers, and I look to the FSA to uphold these charges. If British Energy or its creditors force a similar treatment of its shareholders to Marconi or Energis, the FSA has an obligation to enforce fair and impartial treatment of investors. Without this, investor confidence will suffer further great damage and the entire financial market will feel the effects for years to come.

Yours faithfully

____________________________________________________________________

P.S. If the FSA replies asking for more info regarding this letter. Please direct them to the following link which proves our claims and rights according to thier Handbook.
http://www.fsa.gov.uk/vhb/html/sup/SUPtoc.html

Try asking the company secretary - I managed to get an electronic download for free from TWT. Saved nearly a 1K. Alternatively talk to the registrars.



ains

Thanks Ains, will try that out....

robo :)

Hi ains, any idea why BGY USA is now trading at almost $4 per share up by over 1000%!!!!???????

no-one seems to know what the hell is going on!

cheers

Robo :)

wasn't around yesterday ..... no news I can immediately see anywhere - been tracking them today and note they are now up nearly 10% .... there was a lot of green energy comment in the States yesterday

Ains,

FYI,
-------------------------------------------------------------------------------
Dear XXXXX

Thank you for your e:mail regarding the change in ADR price.

In our interim results announced on 12th December 2002 we noted that the ADR
shares were currently trading in breach of the NYSE Price Criteria as they
had been trading below $1 for a period of more than 30 days and stated that
we were in discussions with NYSE as to how the breach may be cured.

On March 18th 2003 we increased the ratio of ordinary shares to ADRs from 4
to 75. Thus, as of this date the price would rise by a factor of 75/4 =
18.75 for every ADR held - hence the current price of around $3.81.

As indicated in the attached PdF announcement by J P Morgan, you will need
to exchange your existing ADRs for new ones based on 5.33 ADRs for every 100
ADRs surrended (400/75).

I trust that this clarifies the position

Best wishes

Keith Gilroy
Investor Relations

Thanks ..... not what you wanted to hear I guess but makes sense.

I noted the wide trading range today and maybe time to start trading them :-))



ains