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               18 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       14,859,029     5.39%       131,602      0.05%
securities
(2) Derivatives        90,762     0.03%       451,111      0.16%
(other than
options)
(3) Options and            0      0.00%             0      0.00%
agreements to
purchase/sell
Total             14,949,791       5.42%       582,713     0.21%

(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      4,171                10.8100
Purchase      1,600                10.8100
Purchase      700                  10.8100
Purchase      3,891                10.8180
Purchase      438                  10.8318
Purchase      5,183                10.8300
Purchase      13,047               10.8100
Purchase      3,891                10.8180
Purchase      728                  10.8100
Purchase      9,824                10.8217
Purchase      9,870                10.8207
Purchase      1,600                10.8114
Purchase      23,025               10.8100
Purchase      47,601               10.8282
Purchase      700                  10.8100
Purchase      61,933               10.8243
Purchase      115,175              10.8252
Purchase      21,014               10.8205
Purchase      25,844               10.8401
Purchase      2,100                10.8100
Purchase      2,800                10.8100
Purchase      41,377               10.8245
Purchase      2,610                10.8000
Purchase      438                  10.8318
Sale          700                  10.8100
Sale          2,800                10.8100
Sale          2,610                10.8000
Sale          4,171                10.8100
Sale          9,824                10.8217
Sale          9,824                10.8217
Sale          61,933               10.8233
Sale          13,047               10.8100
Sale          1,600                10.8100
Sale          21,014               10.8205
Sale          754                  10.8100
Sale          5,183                10.8300
Sale          13,047               10.8100
Sale          9,870                10.8207
Sale          41,377               10.8234
Sale          47,601               10.8282
Sale          78,584               10.8223
Sale          3,891                10.8180
Sale          25,844               10.8401
Sale          2,100                10.8100
Sale          438                  10.8318

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         1600          10.8113
CFD            Short         3891          10.8179
CFD            Short         21014         10.8204
CFD            Short         41377         10.8244
CFD            Short         47601         10.8282
CFD            Short         5183          10.83
CFD            Short         438           10.8318
CFD            Long          2610          10.8
CFD            Long          4171          10.81
CFD            Long          9870          10.8206
CFD            Long          9824          10.8217
CFD            Long          61933         10.8232

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                         21 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