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               21 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       14,778,805     5.36%       246,394      0.09%
securities
(2) Derivatives       124,280     0.05%       400,221      0.15%
(other than
options)
(3) Options and            0      0.00%             0      0.00%
agreements to
purchase/sell
Total             14,903,085      5.40%       646,615      0.23%

(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      1,000                Transfer
Purchase      1,300                10.8221
Purchase      1,860                10.8000
Purchase      2,650                10.8137
Purchase      81,224               10.7897
Purchase      6,298                10.8069
Purchase      4,564                10.7984
Purchase      17,992               10.8191
Purchase      7,748                10.8128
Purchase      1,300                10.7900
Purchase      31,658               10.7900
Purchase      3,798                10.8200
Purchase      4,850                10.8160
Purchase      65,162               10.7958
Purchase      5,168                10.8300
Purchase      24,290               10.8156
Sale          4,850                10.8160
Sale          108,698              10.7967
Sale          17,992               10.8191
Sale          1,300                10.7900
Sale          6,298                10.8058
Sale          81,224               10.7897
Sale          5,168                10.8289
Sale          4,564                10.7984
Sale          31,658               10.7881
Sale          2,650                10.8137
Sale          65,162               10.7958
Sale          3,798                10.8200
Sale          1,300                10.8221
Sale          4,564                10.7984
Sale          1,860                10.7979

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         6298          10.8068
CFD            Short         17992         10.819
CFD            Long          31658         10.7881
CFD            Long          65162         10.7958
CFD            Long          1860          10.7979
CFD            Long          4850          10.816
CFD            Long          5168          10.8289

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                         22 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