SSE PLC

Capital/Financing Update • Jul 27, 2020

National Storage Mechanism | Additional information

RNS Number : 2014U

SSE PLC

27 July 2020

SSE PLC

(incorporated with limited liability under the laws of Scotland under registered number SC117119)

£750,000,000 Capital Securities

(ISIN: XS1196714429)

Notice of Early Redemption

NOTICE IS HEREBY GIVEN by SSE plc (the "Issuer") that it will redeem the £750,000,000 Capital Securities (the "Sterling Securities") in full in accordance with Condition 6(b) of the terms and conditions of the Sterling Securities, with settlement of such redemption being effected on 10 September 2020 (the "Sterling Securities First Reset Date"). Such redemption shall be at the principal amount outstanding together with any accrued and unpaid interest up to (but excluding) the Sterling Securities First Reset Date and any outstanding Arrears of Interest (as defined in the terms and conditions of the Sterling Securities) pursuant to Condition 6(b) of the terms and conditions of the Sterling Securities. Subject to settlement being effected, any interest in respect of the Sterling Securities shall cease to accrue on and after the Sterling Securities First Reset Date. The redemption date shall be 10 September 2020.

PRINCIPAL PAYING AGENT

The Bank of New York Mellon, London Branch

One Canada Square

London E14 5AL

United Kingdom

TRUSTEE

BNY Mellon Corporate Trustee Services Limited

One Canada Square

London E14 5AL

United Kingdom

Dated: 27 July 2020

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