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               22 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       14,918,384     5.41%       127,067      0.05%
securities
(2) Derivatives        90,025     0.03%       390,676      0.14%
(other than
options)
(3) Options and             0     0.00%             0      0.00%
agreements to
purchase/sell
Total              15,008,409     5.44%       517,743      0.19%


(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      13,283               10.7782
Purchase      31,658               10.8109
Purchase      31,658               10.8109
Purchase      4,736                10.8094
Purchase      9,570                10.8100
Purchase      9,570                10.8114
Purchase      6,800                10.8072
Purchase      66,184               10.8155
Purchase      15,155               10.8143
Purchase      3,664                10.7968
Purchase      113,341              10.8015
Purchase      105,473              10.8144
Purchase      116,012              10.8137
Purchase      7,800                10.8100
Purchase      5,960                10.8100
Purchase      5,541                10.8173
Purchase      1,000                10.8072
Purchase      24,134               10.8120
Purchase      67,224               10.7943
Sale          13,283               10.7782
Sale          116,012              10.8137
Sale          24,134               10.8120
Sale          3,664                10.7968
Sale          5,541                10.8173
Sale          7,800                10.8100
Sale          6,800                10.8072
Sale          4,736                10.8094
Sale          67,224               10.7943
Sale          3,664                10.7968
Sale          9,570                10.8100
Sale          13,283               10.7782
Sale          108,708              10.8019
Sale          15,155               10.8133
Sale          1,000                10.8072
Sale          66,184               10.8155
Sale          384                  10.8100
Sale          31,658               10.8109


(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         31658         10.8108
CFD            Short         9570          10.8113
CFD            Short         24134         10.8119
CFD            Short         15155         10.8143
CFD            Short         66184         10.8155
CFD            Long          13283         10.7781
CFD            Long          67224         10.7942
CFD            Long          6973          10.8079
CFD            Long          4736          10.8093
CFD            Long          29775         10.8148


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                         23 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