JERSEY ELECTRICITY plc     
Preliminary Announcement of Annual Results
Year Ended 30 September 2021

At a meeting of the Board of Directors held on 15 December 2021, the final accounts for the year ended 30 September 2021 were approved, details of which follow.

The financial information set out in the announcement does not constitute the statutory accounts for the year ended 30 September 2021, or 2020, but is derived from those accounts. Statutory accounts for 2020 have been delivered to the Jersey Registrar of Companies, and those for 2021 will be delivered in early 2022. The auditor reported on the accounts for both years and their reports were unmodified.

A final dividend of 10.20p on the Ordinary and 'A' Ordinary shares in respect of the year ended 30 September 2021 was recommended (2020: 9.70p) . Together with the interim dividend of 7.20p (2020: 6.80p) the proposed total dividend declared for the year was 17.40p on each share (2020: 16.50p).

The final dividend will be paid on 24 March 2022 to those shareholders registered on 18 February 2022. A dividend on the 5% cumulative participating preference shares of 1.5% (2020: 1.5%) payable on 1 July 2022 was also recommended.

The Annual General Meeting will be held on 3 March 2022 at 12.30 pm at the Powerhouse, Queen's Road, St Helier, Jersey.