RNS Number:6307N
International Power PLC
16 July 2003



Dear Sirs

Offering of US$241.23 million Senior Convertible Unsecured Guaranteed Bonds 2023
of International Power (Jersey) Limited (with an over-allotment option of up to
$US24.123 million)

Credit Suisse First Boston Equities Limited notifies you that it is the
stabilizing manager and may conduct stabilizing activities in relation to the:

Senior Convertible Unsecured Guaranteed Bonds 2023
ISIN: XS0173110262

International Power PLC
Ordinary 50p Shares
ISIN:GB0006320161


CSFB confirms the following:

1. The securities to be stabilized are the Senior Convertible Unsecured
Guaranteed Bonds 2023
(ISIN: XS0173110262) and Ordinary 50p Shares (ISIN:GB0006320161)

2. The stabilizing manager is Credit Suisse First Boston Equities Limited
(contacts: Tom Ahearne/Nick Williams Telephone: 020 7888 3818);

3. The stabilization period is expected to commence immediately until
close of business on 21st August 2003 inclusive;

4. The issue price of the Senior Convertible Unsecured Guaranteed Bonds 2023 was
set on 16th July at 100% with a coupon of 3.75%



                      This information is provided by RNS
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