BG Group agrees to sell interest in Seabank

 28 April 2010

BG Group agrees to sell its interest in Seabank Power Limited

BG Group today announced that it has signed a Sale and Purchase Agreement with Electricity First Limited, a wholly owned subsidiary of Cheung Kong Infrastructure Holdings Limited, for the sale of its 50% interest in Seabank Power Limited for a total consideration of £211.7 million

(approximately $320 million).

Seabank Power Limited operates the 1 140 MW combined-cycle gas turbine (CCGT) Seabank power plant located near Bristol in the UK.

The transaction is expected to complete in second quarter 2010.

-ends-

Notes to Editors:

BG Group plc (LSE: BG.L) is a world leader in natural gas, with a strategy focused on connecting competitively priced resources to specific, high-value markets. Active in more than 25 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG), transmission and distribution and power generation business interests. It combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves. For further information visit: www.bg-group.com

Seabank power station is owned and operated by Seabank Power Limited - a 50:50 joint venture between BG Group and Scottish and Southern Energy ("SSE"). Phase 1 of Seabank (760 MW) entered full commercial operation in 2000 and Phase 2 (380 MW) in 2001. All of the plant capacity is sold under contract to SSE.

The consideration in US$ is dependent on exchange rates at the time the transaction completes.

Advisers

Goldman Sachs served as adviser to BG Group.

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Contact:

Neil Burrows: +44 (0) 118 929 2462 [email protected]

Jo Thethi: +44 (0) 118 929 3110 [email protected]

Out of Hours Media Mobile: +44 (0) 7917 185 707

Investor Relations: +44 (0) 118 929 3025 [email protected]

There are matters set out within this announcement that are forward-looking statements. Such statements are only predictions, and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from these forward-looking statements, refer to BG Group's Annual Report and Accounts for the year ended 31 December 2009. BG Group does not undertake any obligation to update publicly, or revise, forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.