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               28 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      14,618,173      5.30%       216,471      0.08%
securities
(2) Derivatives      142,610      0.05%       454,521      0.16%
(other than
options)
(3) Options and
agreements to
purchase/sell
Total             14,760,783       5.35%      670,992      0.24%


(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      53,855               10.8493
Purchase      20,893               10.8558
Purchase      10,660               10.8521
Purchase      627,000              8.7669
Purchase      2,891                10.8372
Purchase      716                  10.8500
Purchase      23,063               10.8525
Purchase      2,248                10.8500
Purchase      23,196               10.8533
Purchase      1,695                10.8600
Purchase      29,943               10.8462
Purchase      20,132               10.8453
Purchase      356                  10.8518
Purchase      356                  10.8518
Sale          541                  10.8500
Sale          2,891                10.8372
Sale          23,196               10.8522
Sale          356                  10.8518
Sale          29,943               10.8462
Sale          20,893               10.8558
Sale          10,660               10.8521
Sale          23,063               10.8525
Sale          627,000              8.7669
Sale          716                  10.8500
Sale          1,695                10.8600
Sale          20,132               10.8442
Sale          23,912               10.8532

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         20132         10.8452
CFD            Short         356           10.8517
CFD            Short         10660         10.8521
CFD            Short         23063         10.8525
CFD            Long          716           10.85
CFD            Long          23196         10.8522

(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                         31 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