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Exhibit 99.1
INDEPENDENT ENERGY HOLDINGS PLC
FOR IMMEDIATE RELEASE 15 June 2000
Not for release, publication or distribution in or into Canada, Australia or
Japan
INDEPENDENT ENERGY HOLDINGS PLC
Further to its announcement yesterday, the Board of Independent Energy Holdings
Plc (the "Company") would like to clarify that the strategic alternatives under
review include the possibility of an offer for the Company. The Company's
financial advisers, Donaldson, Lufkin & Jenrette International, are assisting
with the review.
A further announcement will be made in due course.
Enquiries:
Independent Energy Holdings Plc
John Sulley, Chief Executive Tel: 0121 705 1111
College Hill
James Henderson Tel: 0207 457 2020
The Directory of Independent Energy Holdings Plc accept responsibility for all
the information contained in this announcement. To the best of the knowledge and
belief of such Directors of Independent Energy Holdings Plc (who have taken all
reasonable care to ensure that such is the case), the information contained in
this announcement is in accordance with the facts and does not omit anything
likely to affect the import of such information.
Donaldson, Lufkin & Jenrette International, which is regulated in the United
Kingdom by The Securities and Futures Authority Limited, is acting for
independent Energy Holdings Plc and for no one else and will not be responsible
to anyone other than Independent Energy Holdings Plc for protections afforded to
customers of Donaldson, Lufkin & Jenrette International in relation to any
matter referred to herein.
This press release includes forward-looking statements within the meaning of
Section 27A of the U.S. Securities Exchange Act of 1934. Although Independent
Energy Holdings Plc believes that its expectations are based on reasonable
assumptions, it cannot provide assurances that these expectations will be
achieved. Important factors could cause actual results to differ materially from
those in the forward-looking statements, including, but not limited to, the
ability to bill and collect revenue in a timely manner, success in implementing
its business strategies, increases in the cost of energy, its ability to develop
or obtain the necessary systems required by an expanding level of operations and
changes in the economic and other conditions in which it competes. Many of these
factors are beyond the control of Independent Energy Holdings Plc and its
management.
