Rule 8.3 - KELDA GROUP

FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of person dealing        BARCLAYS PLC
(Note 1)
Company dealt in              KELDA GROUP
Class of relevant security    ORD GBP0.2022222
to which the dealings being
disclosed relate (Note 2)
Date of dealing               23 November 2007

2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)  Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                            Long                     Short

                      Number       (%)         Number       (%)

(1) Relevant      14,703,181      5.33%     2,188,820      0.79%
securities
(2) Derivatives    1,965,070      0.71%     1,053,310      0.38%
(other than
options)
(3) Options and            0      0.00%             0      0.00%
agreements to
purchase/sell
Total             16,668,251      6.04%      3,242,130     1.18%


(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 3)

Class of                    Long                     Short
relevant
security:

                  Number              (%)   Number              (%)

(1) Relevant
securities

(2) Derivatives
(other than
options)

(3) Options and
agreements to
purchase/sell

Total


  (c)  Rights to subscribe (Note 3)

Class of relevant security:   Details



3.   DEALINGS (Note 4)

  (a)  Purchases and sales

Purchase/sale Number of Securities Price per unit
                                   (GBP)
Purchase      11,116               10.5541
Purchase      29,000               10.5439
Purchase      11,696               10.5615
Purchase      2,800                10.5600
Purchase      43,200               10.5420
Purchase      2,398                10.5600
Purchase      243                  10.5600
Purchase      67,845               10.5480
Purchase      400                  10.5296
Purchase      2,800                10.5500
Purchase      400                  10.5296
Purchase      1,996                10.5820
Sale          4,159                10.5477
Sale          6,000                10.5330
Sale          1,354                Transfer
Sale          400                  10.5296
Sale          11,000               10.5472
Sale          89,430               10.5500
Sale          2,800                10.5500
Sale          18,081               10.5354

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         146361        10.5293
CFD            Short         400           10.5296
CFD            Short         43200         10.5419
CFD            Short         29000         10.5439
CFD            Short         67845         10.5479
CFD            Short         11116         10.554
CFD            Short         11696         10.5614
CFD            Short         1996          10.582
CFD            Long          6000          10.5329
CFD            Long          18081         10.5354
CFD            Long          16009         10.547


(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

Product name,   Writing,          Number of          Exercise  Type, e.g.      Expiry   Option money
e.g. call       selling,          securities to      price     American,       date     paid/received
option          purchasing,       which the option             European etc.            per unit (GBP)
                varying etc.      relates (GBP)


(ii) Exercising

Product name, e.g.  Number of           Exercise price per
call option         securities          unit (Note 5)




(d)  Other dealings (including new securities) (Note 4)


Nature of transaction Details           Price per unit
(Note 8)                                (if applicable)
                                        (Note 5)




4.   OTHER INFORMATION
None

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of
any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.




Is a Supplemental Form 8 attached? (Note 9)                 NO


Date of disclosure                         26 November 2007
Contact name                               Geoff Smith
Telephone number                           020 7116 2913
If a connected EFM, name of
offeree/offeror with which connected
If a connected EFM, state nature of
connection (Note 10)


Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk