Holding(s) in Company

Pennon Group PLC
16 January 2004


PENNON GROUP PLC

FOR IMMEDIATE RELEASE

HOLDING IN COMPANY


Pennon Group Plc has today received notification (by fax dated 16 January 2004)
that at the close of business on 14 January 2004 the interest of Lehman Brothers
International (Europe) in the Ordinary shares of £1.11p each in Pennon Group Plc
had fallen below 3% of the issued share capital of the Company.


16 January 2004

End transmission

www.pennon-group.co.uk


                      This information is provided by RNS
            The company news service from the London Stock Exchange