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               16 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       14,748,990     5.35%       199,140      0.07%
securities
(2) Derivatives        94,083     0.03%       356,959      0.13%
(other than
options)
(3) Options and            0      0.00%             0      0.00%
agreements to
purchase/sell
Total             14,843,073      5.38%        556,099     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      62,004               10.8105
Purchase      61,481               10.8100
Purchase      125                  10.8200
Purchase      146                  10.8100
Purchase      4,425                10.8103
Purchase      30,079               10.8135
Purchase      9,737                10.8100
Purchase      926                  10.8200
Purchase      4,795                10.8115
Purchase      6,599                10.8190
Purchase      3,210                10.8100
Purchase      313                  10.8130
Purchase      4,908                10.8200
Purchase      1,800                10.8100
Purchase      9,256                10.8200
Purchase      1,691                10.8159
Purchase      269                  10.8100
Purchase      178                  10.8100
Purchase      4,300                10.8000
Purchase      4,795                10.8115
Purchase      2,577                10.8200
Sale          72,537               10.8113
Sale          1,345                10.8100
Sale          313                  10.8130
Sale          2,577                10.8200
Sale          491                  10.8119
Sale          4,795                10.8115
Sale          62,004               10.8105
Sale          1,691                10.8159
Sale          4,908                10.8200
Sale          1,800                10.8100
Sale          2,577                10.8200
Sale          125                  10.8200
Sale          178                  10.8100
Sale          4,300                10.8000
Sale          61,481               10.8100
Sale          9,256                10.8189

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         4795          10.8114
CFD            Short         1691          10.8159
CFD            Short         4908          10.82
CFD            Long          63281         10.81
CFD            Long          9256          10.8189
CFD            Long          2577          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                         17 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