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               19 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      14,577,853      5.29%     1,048,291      0.38%
securities
(2) Derivatives      155,997      0.06%       529,693      0.19%
(other than
options)
(3) Options and            0      0.00%             0      0.00%
agreements to
purchase/sell
Total             14,733,850      5.34%     1,577,984      0.57%


(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      1,497                10.7367
Purchase      3,966                10.7500
Purchase      57,888               10.7490
Purchase      2,726                10.7300
Purchase      5,200                10.7569
Purchase      51,960               10.7494
Purchase      6,816                10.7362
Purchase      1,688                10.7319
Purchase      1,497                10.7367
Purchase      13,282               10.7500
Purchase      1,688                10.7600
Purchase      13,282               10.7500
Purchase      2,500                10.7300
Purchase      533                  10.7700
Purchase      26,138               10.7513
Purchase      1,700                10.7559
Purchase      11,306               10.7512
Purchase      14,818               10.7585
Purchase      11,306               10.7512
Sale          5,867                10.7300
Sale          14,818               10.7575
Sale          3,966                10.7500
Sale          1,688                10.7581
Sale          1,497                10.7367
Sale          11,306               10.7512
Sale          2,500                10.7300
Sale          26,138               10.7513
Sale          850                  10.7300
Sale          57,888               10.7490
Sale          5,200                10.7569
Sale          13,282               10.7500
Sale          5,200                10.7569
Sale          6,816                10.7362
Sale          1,700                10.7559
Sale          1,688                10.7300
Sale          7,354                10.7537


(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         2500          10.73
CFD            Short         1688          10.7319
CFD            Short         6816          10.7361
CFD            Short         1497          10.7366
CFD            Short         11306         10.7512
CFD            Short         26138         10.7513
CFD            Short         14818         10.7585
CFD            Long          3966          10.75
CFD            Long          1700          10.7558
CFD            Long          5200          10.7569
CFD            Long          1688          10.758


(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                         20 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