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               10 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       14,928,627     5.41%       135,666      0.05%
securities
(2) Derivatives        98,834     0.04%       597,550      0.22%
(other than
options)
(3) Options and            0      0.00%             0      0.00%
agreements to
purchase/sell
Total             15,027,461      5.45%        733,216     0.27%

(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      105                  10.7999
Purchase      1,000                10.7800
Purchase      10,416               10.8093
Purchase      700                  10.8057
Purchase      7,786                10.7953
Purchase      2,400                10.7979
Purchase      21,379               10.8142
Purchase      965                  10.8418
Purchase      51,039               10.8013
Purchase      17,761               10.7885
Purchase      1,000                10.7800
Purchase      700                  10.8057
Purchase      35,523               10.8008
Purchase      2,700                10.7948
Purchase      1,000                10.8000
Purchase      184                  10.8108
Purchase      1,600                10.8013
Sale          10,199               10.8097
Sale          10,416               10.8093
Sale          105                  10.7999
Sale          35,523               10.7997
Sale          2,400                10.7979
Sale          18,868               10.8000
Sale          1,000                10.7800
Sale          11,299               10.7953
Sale          700                  10.8057
Sale          2,700                10.7948
Sale          1,600                10.8013
Sale          1,000                10.8000
Sale          30,660               10.7917
Sale          17,761               10.7885
Sale          105                  10.7999
Sale          21,379               10.8142

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         2700          10.7948
CFD            Short         2400          10.7979
CFD            Short         35523         10.8007
CFD            Short         700           10.8057
CFD            Short         10416         10.8093
CFD            Short         965           10.8418
CFD            Long          17761         10.7885
CFD            Long          11299         10.7953
CFD            Long          105           10.7999
CFD            Long          1600          10.8012

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                         11 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