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               24 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      14,303,146      5.19%     1,156,736      0.42%
securities
(2) Derivatives      185,877      0.07%       447,792      0.16%
(other than
options)
(3) Options and
agreements to
purchase/sell
Total             14,489,023      5.25%      1,604,528     0.58%


(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      43,659               10.8401
Purchase      4,761                10.9300
Purchase      1,266                10.7800
Purchase      1,048                10.8897
Purchase      8,557                10.8413
Purchase      2,289                10.8246
Purchase      844                  10.7800
Purchase      143,505              10.9300
Purchase      4,761                10.9300
Purchase      3,337                10.8450
Purchase      270,000              10.9300
Purchase      51,757               10.8487
Purchase      4,761                10.9300
Purchase      43,200               10.8502
Purchase      100                  10.8771
Purchase      1,266                10.7800
Sale          143,505              10.9300
Sale          4,761                10.9300
Sale          270,000              10.7800
Sale          270,000              10.9300
Sale          43,659               10.8401
Sale          1,048                10.8897
Sale          4,761                10.9300
Sale          43,200               10.8469
Sale          8,557                10.8403
Sale          2,289                10.8246
Sale          51,757               10.8487
Sale          100                  10.8771
Sale          51,757               10.8487

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         4761          10.93
CFD            Long          8557          10.8402
CFD            Long          43200         10.8469

(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                         27 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