Scottish & Sthn.Engy - 1M GBP Investment

RNS Number:1343R
Scottish & Southern Energy PLC
31 March 2008

SCOTTISH AND SOUTHERN ENERGY PLC
£1million investment in Onzo Limited

Scottish and Southern Energy plc ("SSE") has agreed to invest £1million in Onzo
Limited ("Onzo"), in return for a 24.5% share of the business. SSE's investment
partner, Sigma Capital Group plc, will also invest £1million for an equivalent
24.5% share.

Onzo is a newly established data systems development business, with specific
intellectual property relating to the development of display devices that
support smart metering systems. The devices provide real-time information about
energy consumption and have the potential to provide data down to the individual
appliance level.

SSE has also placed initial orders worth over £7million with Onzo for the
company's energy display products and specialist data services. As part of this
order, SSE has secured exclusive rights to Onzo's products and services covering
the UK and Ireland.

David Gardner, Head of Ventures at SSE, said: "Energy customers have a growing
expectation that their supplier will provide new ways to help them reduce their
energy consumption, and in the future this could become an important service
differentiator. This partnership with Onzo will give SSE access to leading-edge
technologies that will help us provide a new level of support to customers who
want to reduce their energy consumption.

"Until now the SSE ventures team have focused on investments relating to
alternative energy sources. This deal, which is a great example of our
partnership with Sigma, demonstrates that SSE is prepared to invest in any
strong proposition that directly supports our strategic aim of ensuring that SSE
plays a major part in the long-term transformation of the production and
consumption of energy."

Joel Hagan Chief Executive of Onzo, said, "Onzo is delighted to be working with
SSE to make our products and services available to consumers in the UK and
Ireland. In SSE, we found a partner who was excited about the full range of
what we can offer. Sigma Capital Group helped bring the deal together and their
support has been critical throughout the process. This deal is recognition that
Onzo leads the way in this arena."

This information is provided by RNS
The company news service from the London Stock Exchange

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