Reliant Resources Securities Litigation: Summary Notice of Pendancy of Class Action, Proposed Settlement of Class Action, and Settlement Fairness Hear

26 October 2005

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF TEXAS
HOUSTON DIVISION

____________________________________

IN RE ) CIVIL ACTION NO. H-02-1810
) (CONSOLIDATED)
RELIANT SECURITIES LITIGATION )
____________________________________) Judge Ewing Werlein, Jr.
)

THIS DOCUMENT RELATES TO: )

ALL ACTIONS )

____________________________________)

SUMMARY NOTICE OF PENDANCY OF CLASS ACTION, PROPOSED SETTLEMENT OF CLASS
ACTION, AND SETTLEMENT FAIRNESS HEARING

TO: ALL PERSONS OR ENTITIES WHO PURCHASED COMMON SHARES OF RELIANT
RESOURCES, INC. IN THE INITIAL PUBLIC OFFERING ON APRIL 30, 2001, OR
TRACEABLE THERETO, PURSUANT TO THE RELIANT RESOURCES, INC.
REGISTRATION STATEMENT AND PROSPECTUS DATED APRIL 30, 2001, FOR THE
PERIOD FROM APRIL 30, 2001, THROUGH MAY 14, 2002 (THE "CLASS
PERIOD"), AND WHO SUFFERED INJURY IN THE FORM OF LOSSES FROM SUCH
PURCHASES ("THE CLASS").

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an order of the United States District Court for the Southern District of Texas, dated October 18, 2005, that a hearing will be held on January 5, 2006, at 10 A.M., before the Honorable Ewing Werlein, Jr., at the United States District Court, Southern District of Texas, United States District Courthouse, 515 Rusk Avenue, Houston, Texas 77002, for the purpose of determining: (i) whether the proposed Settlement of the above Action for the principal amount of Seventy-Five Million Dollars ($75,000,000) cash, plus accrued interest, should be approved by the Court as fair, reasonable and adequate; (ii) whether an Order of Dismissal and Final Judgment approving the Settlement and dismissing this Action on the merits and with prejudice should be entered; (iii) whether the proposed Plan of Allocation is a fair and reasonable method to allocate settlement proceeds; (iv) whether the application of Plaintiffs' Lead Counsel for an award of attorneys' fees and expenses is reasonable and should be approved; and (v) whether any of the Lead Plaintiffs should be awarded a Stipend (not to exceed $15,000 per Lead Plaintiff) to compensate each Lead Plaintiff for reasonable time, effort and expense relating to the prosecution of this Action.

IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS MAY BE AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT FUND. If you have not yet received the full printed Notice of Pendency of Class Action, Proposed Settlement of Class Action, Settlement Fairness Hearing, and Right to Share in Settlement Fund and a Proof of Claim and Release Form, you may obtain copies of these documents by identifying yourself as a member of the Class and writing to:

Reliant Resources Securities Litigation
Claims Administrator
c/o A.B. Data, Ltd.
P.O. Box 170200
Milwaukee, WI 53217
(800) 952-0581

All inquiries, other than requests for the forms of Notice and Proof of
Claim and Release Form, should be made in writing, addressed to Plaintiffs'
Lead Counsel:

Michael J. Pucillo, Esq.
Wendy H. Zoberman, Esq.
Jay W. Eng, Esq.
Berman DeValerio Pease Tabacco Burt & Pucillo
Esperante Building
222 Lakeview Avenue, Suite 900
West Palm Beach, FL 33401
Telephone (561) 835-9400

To participate in the Settlement, you must submit a Proof of Claim and Release Form no later than February 24, 2006.

PLEASE DO NOT CALL OR WRITE THE COURT OR THE OFFICE OF THE CLERK OF THE COURT OR DEFENSE COUNSEL FOR INFORMATION OR ADVICE.

DATED: OCTOBER 18, 2005 BY ORDER OF THE
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF TEXAS