Sale of SGN stake for £1,225m… SSE has agreed to sell its entire 33.3% stake in gas distribution operator SGN to a consortium comprising existing SGN shareholder Ontario Teachers' Pension Plan Board and Brookfield Super-Core Infrastructure Partners. The transaction is based on an effective economic date of 31st March 2021, is for a consideration of £1,225m in cash, and is expected to complete within the current financial year, conditional on certain regulatory approvals. …at a 36% premium to trailing RAV, 40p/share above the value in our SOP SGN had a RAV of £6,003m at 31st March 2021, with the book value of SSE's interest at £744m. SGN contributed £88.6m to SSE's earnings for FY21. The achieved sale price is £421m (40p/share) above the value in our SOP, and represents a c.36% premium to FY21A RAV. Non-core disposal plan concluded, investment update in November This deal concludes SSE's £2bn plus disposals programme announced in June 2020, with total proceeds amounting to over £2.7bn. SSE has indicated that it will provide an update on its investment plans at November’s interim results.