SSE Plc Scrip Dividend Scheme

SSE PLC

SCRIP DIVIDEND SCHEME

The Board of SSE plc ('the Company') confirms that the Scrip reference price for the fully paid ordinary shares to be issued to shareholders electing to receive the Scrip dividend alternative for the final dividend for the year ending 31 March 2018, payable on 21 September 2018, will be 1,253 pence per share.

The Scrip reference price has been calculated by taking the average mid-market closing price of the Company's shares over the five business days commencing on the ex-dividend date. In respect of the final dividend for the year ending 31 March 2018, this was the period 26 July to 1 August 2018.

If all of the Company's eligible shareholders as at the record date of 27 July 2018 were to elect to participate in the Scrip Dividend Scheme in respect of their entire shareholdings as at such date, based on the Scrip reference price of 1,253 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 53,717,540 representing approximately 5.29% of the Company's issued share capital (excluding treasury shares) on the record date.

The exact number of shares which will require to be issued will be established after 23 August 2018 the final date for receipt of elections to participate in the Scrip Dividend Scheme.  

Shareholders wishing to participate in the Scrip Dividend Scheme should contact Link Asset Services and return their mandate forms to arrive no later than 23 August 2018.  Shareholders wishing to withdraw from the Scrip Dividend Scheme should ensure their requests to withdraw are lodged with Link Asset Services to arrive no later than 23 August  2018.

Shareholders who hold their shares in uncertificated form should consult their Crest sponsors as appropriate.

Scrip dividend timetable for the final dividend for the year ending 31 March 2018

Ex-dividend date                                                  26 July 2018

Record date                                                         27 July 2018

Scrip reference price calculation period              26 July - 1 August 2018

Last date for receipt of Scrip elections               23 August 2018

Dividend payment/Scrip issue date                    21 September 2018