rights as soon as practicable

The ScottishPower Board unanimously recommends that all holders of the Bonds exercise their conversion rights as soon as practicable after the Effective Date (but not before) in order to receive the Iberdrola Shares (or Iberdrola CDIs) to which they are entitled on the Second Issue Date and in any event no later than before the end of the Special Conversion Period. The ScottishPower Board, which has been so advised by Morgan Stanley Co. International Limited, considers this proposal to holders of the Bonds to be fair and reasonable.

Jonathan Huberdeau had a goal and assist and Jussi Jokinen also scored for Florida. James Reimer made 29 saves for the Panthers, who are trying to stay in the Eastern Conference playoff race. Reimer made his seventh straight start with Roberto Luongo out because of a lower body injury.

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