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               23 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       14,869,786     5.39%       228,248      0.08%
securities
(2) Derivatives        90,087     0.03%       290,891      0.11%
(other than
options)
(3) Options and             0     0.00%             0      0.00%
agreements to
purchase/sell
Total              14,959,873     5.42%        519,139     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      100,000              10.8000
Purchase      1,431                10.7900
Purchase      1,273                10.8391
Purchase      5,519                10.8339
Purchase      1,958                10.8100
Purchase      1,100                10.8300
Purchase      1,300                10.8182
Purchase      1,000                10.8300
Purchase      28,685               10.8100
Purchase      2,100                10.7900
Purchase      2,000                10.8211
Purchase      3,649                10.8304
Purchase      105                  10.8300
Purchase      628                  10.8280
Sale          28,685               10.8100
Sale          1,958                10.8100
Sale          4,734                10.7900
Sale          6,973                10.8079
Sale          1,100                10.8300
Sale          53,905               10.8138
Sale          22,613               10.8119
Sale          2,591                10.8113
Sale          1,330                10.8200
Sale          285                  10.7900
Sale          1,000                10.8300
Sale          1,991                10.7900
Sale          62                   10.7879
Sale          1,300                10.8182
Sale          3,649                10.8304
Sale          5,519                10.8339
Sale          29,775               10.8148
Sale          15,928               10.8322
Sale          1,431                10.7900
Sale          13,217               10.7900
Sale          1,300                10.8182

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         2000          10.821
CFD            Short         4241          10.829
CFD            Short         5519          10.8338
CFD            Short         5598          10.8357
CFD            Long          62            10.7879
CFD            Long          22613         10.8119
CFD            Long          53905         10.8138
CFD            Long          1300          10.8182
CFD            Long          18171         10.823
CFD            Long          1577          10.83
CFD            Long          3649          10.8304
CFD            Long          15928         10.8321


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                         24 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