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               04 December 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      14,285,384      5.18%      1,742,539     0.63%
securities
(2) Derivatives    2,470,619      0.90%      2,389,947     0.87%
(other than
options)
(3) Options and            0      0.00%             0      0.00%
agreements to
purchase/sell
Total             16,756,003      6.08%      4,132,486     1.50%


(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      16,152               10.7891
Purchase      693                  10.7811
Purchase      5,430                10.7771
Purchase      29,000               10.8400
Purchase      10,280               10.7882
Purchase      1,345                10.7800
Purchase      21,924               10.7750
Purchase      3,996                10.7800
Sale          7,287                10.7634
Sale          30,943               10.7710
Sale          34,766               10.7649
Sale          6,528                10.7678
Sale          29,000               10.8400
Sale          1,041                10.7700
Sale          21,924               10.7750
Sale          5,430                10.7771
Sale          3,996                10.7800
Sale          21,924               10.7750
Sale          3,407                10.7780
Sale          131,941              10.7833

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         5430          10.7771
CFD            Short         693           10.781
CFD            Short         10280         10.7882
CFD            Short         16152         10.7891
CFD            Short         29000         10.84
CFD            Long          7287          10.7634
CFD            Long          34766         10.7648
CFD            Long          30943         10.7709
CFD            Long          5430          10.7771
CFD            Long          3407          10.7779
CFD            Long          29000         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                         05 December 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