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               26 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      14,723,929      5.34%     2,112,004      0.77%
securities
(2) Derivatives    2,085,288      0.76%     1,393,212      0.51%
(other than
options)
(3) Options and            0      0.00%             0      0.00%
agreements to
purchase/sell
Total             16,809,217      6.09%     3,505,216      1.27%


(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      34,000               10.8234
Purchase      16,494               10.8020
Purchase      6,000                10.7239
Purchase      1,258                10.8800
Purchase      1,100                10.5874
Purchase      35,100               10.5400
Purchase      35,100               10.8800
Purchase      1,581                10.5458
Purchase      53,300               10.7858
Purchase      55,204               10.8481
Purchase      16,629               10.9229
Sale          1,100                10.5874
Sale          13,504               10.8779
Sale          1,100                10.5874
Sale          11,314               10.7032
Sale          55,204               10.8481
Sale          55,204               10.8481
Sale          10,085               10.8800
Sale          33,096               10.5832
Sale          4,000                10.9590
Sale          1,455                10.8800
Sale          11,856               10.8800
Sale          35,100               10.5400
Sale          2,000                10.8481

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         6000          10.7239
CFD            Short         53300         10.7858
CFD            Short         16494         10.8019
CFD            Short         34000         10.8234
CFD            Short         213479        10.8481
CFD            Short         16629         10.9228
CFD            Long          33096         10.5831
CFD            Long          1100          10.5874
CFD            Long          11314         10.7032
CFD            Long          55204         10.848
CFD            Long          2000          10.8481
CFD            Long          13504         10.8779
CFD            Long          4000          10.959


(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                         27 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