Director Shareholding

Pennon Group PLC
30 June 2004




PENNON GROUP PLC


FOR IMMEDIATE RELEASE


DIRECTORS' SHAREHOLDINGS


Pennon Group Plc announces that it has today received notification that its
three Executive Directors have obtained a conditional interest in Ordinary
shares of the Company as follows:


Mr R J Baty                         -     6,262
Mr C I J H Drummond                 -     7,579
Mr D J Dupont                       -     5,834


The shares were awarded on 28 June 2004 at a price of 778.5p per share under the
Company's performance related bonus arrangements whereby the cash bonus payable
in respect of the Executive's performance during the Company's financial year
2003/04 is matched by an award of shares of an equivalent value as a long term
incentive.  It is a condition of the performance related bonus scheme that the
shares so awarded should normally be held for a period of three years,
conditional upon continuous service with the Company.  The shares are held by
Pennon Share Plans (Guernsey) Limited.

30 June 2004

www.pennon-group.co.uk


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