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               11 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       14,835,274     5.38%       225,710      0.08%
securities
(2) Derivatives        95,664     0.03%       509,517      0.18%
(other than
options)
(3) Options and            0      0.00%             0      0.00%
agreements to
purchase/sell
Total             14,930,938      5.41%       735,227      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      25,725               10.8100
Purchase      4,486                10.7800
Purchase      13,777               10.8159
Purchase      4,386                10.8015
Purchase      90,927               10.7946
Purchase      10,060               10.7800
Purchase      32,777               10.8111
Purchase      700                  10.8100
Purchase      9                    10.7882
Purchase      600                  10.8200
Purchase      2,300                10.8000
Purchase      10,938               10.8060
Purchase      7,362                10.8111
Purchase      95,679               10.7960
Purchase      4,386                10.8015
Sale          2,300                10.8000
Sale          95,679               10.7960
Sale          9                    10.7882
Sale          9                    10.7882
Sale          90,927               10.7946
Sale          13,777               10.8159
Sale          123,704              10.7990
Sale          10,938               10.8060
Sale          2,110                10.7800
Sale          4,386                10.8015
Sale          7,362                10.8100
Sale          700                  10.8100
Sale          25,725               10.8089
Sale          18,639               10.8000
Sale          600                  10.8200
Sale          600                  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         2287          10.8006
CFD            Short         4386          10.8014
CFD            Short         10938         10.8059
CFD            Short         700           10.81
CFD            Short         7362          10.811
CFD            Short         13777         10.8158
CFD            Long          9             10.7877
CFD            Long          95679         10.7959
CFD            Long          2300          10.8
CFD            Long          25725         10.8089
CFD            Long          600           10.82

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                         14 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