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               21 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      14,613,429      5.30%     1,288,975      0.47%
securities
(2) Derivatives      190,638      0.07%       499,549      0.18%
(other than
options)
(3) Options and    1,831,900      0.66%     1,831,900      0.66%
agreements to
purchase/sell
Total             16,635,967      6.03%     3,620,424      1.31%


(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      106,256              10.7697
Purchase      48,432               10.9300
Purchase      27,970               10.7519
Purchase      74,906               10.8557
Purchase      2,173                10.9300
Purchase      2,388                10.7700
Purchase      1,401                10.7820
Purchase      2,064                10.7700
Purchase      13                   10.9300
Purchase      27,779               10.7752
Purchase      4,260                10.7400
Purchase      11,022               10.9300
Purchase      9,650                10.9300
Purchase      141,216              10.9300
Purchase      5,894                10.9300
Purchase      23,990               10.7774
Purchase      10,863               12.4558
Purchase      256,076              10.8575
Purchase      67,386               10.9300
Purchase      2,388                10.7519
Purchase      8,604                10.7533
Purchase      139,461              10.9300
Purchase      2,619                10.9300
Sale          10,863               12.4558
Sale          80,351               10.9211
Sale          2,388                10.7681
Sale          106,256              10.7697
Sale          67,386               10.9279
Sale          74,906               10.8543
Sale          141,216              10.9300
Sale          2,064                10.7700
Sale          139,461              10.9300
Sale          2,596                10.9300
Sale          27,970               10.7519
Sale          74,906               10.8557
Sale          139,461              10.9300
Sale          23,990               10.7774
Sale          5,894                10.9279
Sale          6,088                10.9300
Sale          617                  10.9300
Sale          1,401                10.7800
Sale          8,604                10.7533
Sale          4,260                10.7400
Sale          2,619                10.9279
Sale          2,388                10.7500
Sale          466                  10.9300
Sale          371                  10.9300


(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         2388          10.7519
CFD            Short         23990         10.7774
CFD            Short         1401          10.782
CFD            Long          2388          10.768
CFD            Long          2064          10.77
CFD            Long          74906         10.8543
CFD            Long          75899         10.9279


(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                         24 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