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               15 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       14,765,754     5.35%       135,449      0.05%
securities
(2) Derivatives        94,083     0.03%       420,679      0.15%
(other than
options)
(3) Options and            0      0.00%             0      0.00%
agreements to
purchase/sell
Total             14,859,837      5.39%       556,128      0.20%

(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      980                  10.8175
Purchase      2,351                10.8000
Purchase      47,597               10.8176
Purchase      62,530               10.8264
Purchase      3,470                10.8162
Purchase      15,530               10.8168
Purchase      14,901               10.8123
Purchase      45,656               10.8125
Purchase      1,400                10.8200
Purchase      2,073                10.8176
Purchase      3,470                10.8162
Purchase      3,227                10.5606
Purchase      45,600               10.8299
Purchase      4,220                10.8261
Purchase      20,263               10.8241
Sale          980                  10.8175
Sale          3,470                10.8162
Sale          4,220                10.8261
Sale          3,227                10.5606
Sale          1,400                10.8200
Sale          20,263               10.8241
Sale          2,351                10.8000
Sale          45,656               10.8114
Sale          97,735               10.7922
Sale          20,263               10.8241
Sale          15,530               10.8168
Sale          7,123                10.8000
Sale          45,600               10.8299
Sale          2,666                10.8000
Sale          64,777               10.8133
Sale          14,901               10.8123
Sale          5,430                10.7922
Sale          980                  10.8175

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         3470          10.8162
CFD            Short         15530         10.8167
CFD            Short         1400          10.82
CFD            Short         45600         10.8299
CFD            Long          103165        10.7922
CFD            Long          45656         10.8114
CFD            Long          14901         10.8122
CFD            Long          20263         10.8241
CFD            Long          4220          10.826

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                         16 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