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               27 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      14,215,133      5.15%     2,135,254      0.77%
securities
(2) Derivatives    2,297,076      0.83%     1,542,918      0.56%
(other than
options)
(3) Options and            0      0.00%             0      0.00%
agreements to
purchase/sell
Total             16,512,209      5.99%      3,678,172     1.33%


(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      5,898                10.8450
Purchase      2,717                10.8151
Purchase      4,000                10.8110
Purchase      10,000               10.7819
Purchase      3,336                10.7700
Purchase      14,177               10.8030
Purchase      2,914                10.8621
Purchase      1,694                10.7700
Purchase      2,041                10.7700
Purchase      2,717                10.8151
Purchase      3,410                10.7720
Purchase      1,171                10.7800
Purchase      6,277                10.8480
Purchase      48,608               10.8288
Purchase      448                  10.8013
Purchase      14,793               10.8098
Sale          1,694                10.7700
Sale          6,527                11.0065
Sale          2,717                10.8151
Sale          856                  10.8025
Sale          194,754              10.7844
Sale          14,793               10.8098
Sale          5,898                10.8450
Sale          346                  10.8025
Sale          2,241                10.8400
Sale          856                  10.8025
Sale          31,978               10.5684
Sale          14,180               11.0065
Sale          314,763              10.8800
Sale          14,178               11.0065
Sale          5,898                10.8450
Sale          14,793               10.8098
Sale          6,525                11.0065


(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         3410          10.772
CFD            Short         10000         10.7819
CFD            Short         448           10.8013
CFD            Short         14177         10.803
CFD            Short         57155         10.8098
CFD            Short         4000          10.8109
CFD            Short         2717          10.8151
CFD            Short         48608         10.8287
CFD            Short         6277          10.8479
CFD            Short         2914          10.862
CFD            Long          194754        10.7843
CFD            Long          14793         10.8097
CFD            Long          2241          10.84

(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                         28 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