Press Release 5 January 2009

Further to its announcement of 2 January 2009, Lake Acquisitions Limited is pleased to announce that it has received NLF’s acceptance in respect of its entire holding of 571,204,734 British Energy Convertible Shares (representing approximately 35.54 per cent. of the current issued share capital of British Energy Group plc.

Accordingly, Lake Acquisitions is pleased to announce that the Offers have become unconditional in all respects and that the Acquisition has become Effective as set out in the offer document dated 5 November 2008.

 Now that the Offers have become unconditional in all respects, Lake Acquisitions intends to procure that British Energy applies to the UK Listing Authority for the cancellation of listing of British Energy Ordinary Shares on the Official List and to the Main Market of the London Stock Exchange for the cancellation of admission to trading of British Energy Ordinary Shares on its main market for listed securities.