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               08 January 2008

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      14,866,313      5.39%       207,503      0.08%
securities
(2) Derivatives      170,671      0.06%       609,379      0.22%
(other than
options)
(3) Options and            0      0.00%             0      0.00%
agreements to
purchase/sell
Total             15,036,984      5.45%       816,882      0.30%

(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      100                  10.8200
Purchase      4,868                10.8200
Purchase      1,600                10.8114
Purchase      50,137               10.8176
Purchase      1,239                10.8300
Purchase      2,300                10.8100
Purchase      5,699                10.8130
Purchase      27,523               10.8225
Purchase      1,600                10.8100
Purchase      3,013                10.8000
Purchase      2,800                10.8000
Purchase      14,097               10.8200
Purchase      4,923                10.8126
Purchase      2,800                10.8200
Purchase      13,697               10.8111
Purchase      4,844                10.8000
Purchase      2,800                10.8200
Purchase      5,699                10.8000
Purchase      5,777                10.8049
Purchase      1,700                10.8118
Purchase      2,800                10.8000
Purchase      3,549                10.8000
Purchase      422                  10.8000
Purchase      4,923                10.8126
Purchase      4,220                10.8000
Purchase      47,374               10.8402
Purchase      17,100               10.8150
Purchase      1,266                10.8000
Purchase      215                  10.8400
Purchase      1,700                10.8118
Purchase      83,834               10.8154
Purchase      80,157               10.8156
Purchase      18,609               10.8000
Sale          80,157               10.8156
Sale          2,800                10.8000
Sale          4,868                10.8200
Sale          50,137               10.8176
Sale          2,800                10.8200
Sale          3,549                10.8000
Sale          15,533               10.8000
Sale          8,077                10.8063
Sale          2,800                10.8200
Sale          5,777                10.8049
Sale          1,700                10.8118
Sale          14,097               10.8200
Sale          2,300                10.8100
Sale          13,697               10.8100
Sale          17,100               10.8123
Sale          4,868                10.8200
Sale          1,239                10.8300
Sale          5,699                10.8000
Sale          18,609               10.8000
Sale          433                  10.8400
Sale          47,374               10.8402
Sale          1,600                10.8100
Sale          27,523               10.8225
Sale          100                  10.8200

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         38197         10.71
CFD            Short         3122          10.8068
CFD            Short         13697         10.811
CFD            Short         1600          10.8113
CFD            Short         2111          10.8116
CFD            Short         1700          10.8118
CFD            Short         9846          10.8126
CFD            Short         17100         10.8149
CFD            Short         50137         10.8176
CFD            Short         2900          10.82
CFD            Long          5777          10.8048
CFD            Long          2300          10.81

NB: The below transactions which were previously disclosed have been cancelled
Deal Date     Long/Short    Number of Securities   Price per unit (GBP)
05/12/2007    Short         38,197                 10.71

(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                         09 January 2008
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