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TrustPower Limited Generation Asset Revaluation

13 Apr 2004

TrustPower has recently had an independent valuation completed of its electricity generating assets as at 31 March 2004. The valuation has been carried out in accordance with Financial Reporting Standard 3 - Accounting for Property Plant and Equipment. Consequently TrustPower expects an increase in the value of its generation assets of around $420 million which will be included when it reports its year-end results for the year to 31 March 2004.

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