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               14 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       14,849,058     5.38%       236,367      0.09%
securities
(2) Derivatives        94,083     0.03%       542,884      0.20%
(other than
options)
(3) Options and            0      0.00%             0      0.00%
agreements to
purchase/sell
Total             14,943,141      5.42%       779,251      0.28%

(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      995                  10.8018
Purchase      22,598               10.7927
Purchase      1,612                10.8000
Purchase      1,581                10.8000
Purchase      2,514                10.7998
Purchase      1,638                10.8011
Purchase      71,726               10.7888
Purchase      1,581                10.8013
Purchase      53,118               10.8079
Purchase      5,430                10.7922
Purchase      2,514                10.7998
Purchase      54,756               10.8077
Purchase      2,300                10.8100
Purchase      97,735               10.7922
Purchase      995                  10.8018
Sale          8,737                10.8100
Sale          103,165              10.7976
Sale          2,300                10.8100
Sale          53,118               10.8079
Sale          11,649               10.8000
Sale          1,462                10.8000
Sale          1,638                10.8000
Sale          1,581                10.8000
Sale          928                  10.8000
Sale          71,726               10.7888
Sale          22,598               10.7927
Sale          24,898               10.7943
Sale          995                  10.8018
Sale          2,514                10.7998

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         2514          10.7998
CFD            Short         1638          10.801
CFD            Short         1581          10.8013
CFD            Short         995           10.8017
CFD            Short         53118         10.8079
CFD            Long          22598         10.7927
CFD            Long          2300          10.81

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                         15 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