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               17 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      14,110,220      5.12%     1,507,968      0.55%
securities
(2) Derivatives      615,548      0.22%       535,098      0.19%
(other than
options)
(3) Options and            0      0.00%             0      0.00%
agreements to
purchase/sell
Total             14,725,768      5.34%     2,043,066      0.74%


(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      1,400                10.7200
Purchase      934                  10.7000
Purchase      3,420                10.7009
Purchase      3,000                10.7100
Purchase      3,543                10.7000
Purchase      21,240               10.6983
Purchase      23,358               10.7217
Purchase      17,089               10.7145
Purchase      1,389                10.7300
Purchase      294                  10.7100
Purchase      26,124               10.7122
Purchase      3,000                10.7000
Purchase      1,688                10.7019
Purchase      44,901               10.7120
Sale          1,389                10.7280
Sale          5,193                10.7050
Sale          3,000                10.7100
Sale          17,089               10.7145
Sale          24,963               10.7013
Sale          1,599                10.7000
Sale          1,400                10.7181
Sale          934                  10.6980
Sale          26,124               10.7111
Sale          3,000                10.7000
Sale          23,358               10.7217
Sale          21,240               10.6983
Sale          1,688                10.7000
Sale          294                  10.7100


(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         1359          10.7
CFD            Short         1688          10.7019
CFD            Short         26124         10.7121
CFD            Short         17089         10.7144
CFD            Long          934           10.6979
CFD            Long          21240         10.6982
CFD            Long          1400          10.718
CFD            Long          1389          10.7279


(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                         18 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