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Folkestone&Dover Wtr (BA50)

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Friday 17 November, 2006

Folkestone&Dover Wtr

Debt Stock Repurchases

Folkestone&Dover Water Services Ld
17 November 2006


                                RNS Announcement



          Folkestone and Dover Water Services Limited (the 'Company')

  Offer (the 'Offer') to repurchase for cash any and all outstanding debenture
                 stock of the Company of the following classes:


1)        4 per cent. Perpetual Debenture Stock, and
2)        5 per cent. Perpetual Debenture Stock


   (each, a 'Class of Debenture Stock' and, together, the 'Debenture Stock')


The Company announces its Offer to repurchase any and all of the Debenture Stock
of each Class of Debenture Stock for cash consideration of £1 in respect of each
£1 in nominal amount, plus accrued interest to 15 December 2006.

The terms and conditions of the Offer are set out in circular letters in
relation to each Class of Debenture Stock dated 17 November 2006 and prepared by
the Company in connection with the Offer (each a 'Circular' and together the
'Circulars').

Today, the Circulars (each with an Acceptance Form attached) will be dispatched
to persons registered as holders of the relevant Class of Debenture Stock and
having a registered address in the United Kingdom.

A notice of the Offer addressed to holders of the Debenture Stock of the Company
who have no registered address in the United Kingdom and who have not provided
to the Company an address in the United Kingdom for the service of notice on
them, or whose interest in any Class of Debenture Stock is not correctly
registered in the Company's register in relation to the relevant Class of
Debenture Stock, has been published in the Financial Times today.  The Circulars
(each with an Acceptance Form attached) may be inspected or (subject as provided
below) obtained on personal application by or on behalf of holders of the
Debenture Stock at the offices of the Company's Registrar at the following
address: Company Secretary, Folkestone and Dover Water Services Limited, The
Cherry Garden, Cherry Garden Lane, Folkestone, Kent CT19 4QB on any weekday
(Saturdays, Sundays and public holidays excepted) until 8 December 2006.

Additional Acceptance Forms can be obtained by telephoning the Registrar on
01303 298849, or if telephoning from outside the UK on +44 1303 298849.

The Company further announces that it intends to cancel the listing on the
Official List of each Class of Debenture Stock. Accordingly, pursuant to Rule
5.2.8 of the Listing Rules, the Company hereby gives 20 Business Days' notice
that it intends to cancel the listing of the Debenture Stock of each Class which
is not repurchased pursuant to the Offer. The cancellation will take effect as
from 8.00 a.m. on 18 December 2006; until such cancellation occurs, trading in
the outstanding nominal amount of each Class of Debenture Stock will continue on
a normal market basis. With effect from 18 December 2006 the listing of each
Class of Debenture Stock on the Official List and its trading on the London
Stock Exchange will be terminated.

Enquiries should be addressed to the Company Secretary  at the registered office
address set out below.



                  Folkestone and Dover Water Services Limited
                               The Cherry Garden
                               Cherry Garden Lane
                                   Folkestone
                                 Kent CT19 4QB

Dated: 17 November 2006






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

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