Disposal

RNS Number:0411R
AWG PLC
17 October 2003

                                    AWG Plc
                                        
                AWG to sell its Chilean business for #55 million

AWG Plc has today agreed the sale of its 49.8 per cent shareholding in Esval for
#55 million, subject to formal consent of the Chilean authorities. Esval owns
and operates water and wastewater assets in Chile.

Of AWG's 49.8 per cent shareholding, 44.8 per cent will be purchased by
Consorcio Financiero and 5.0 per cent will be purchased by the Moneda Chile
Fund. Both payments will be made in cash and the proceeds will be used for
general corporate purposes.

AWG's balance sheet at March 2003 included Esval's net assets at #95 million and
net debt at #122 million. Esval made no contribution to AWG's earnings in 
2002/03.

                                    - Ends -

Contact:

Mike Keohane, group director of HR and communications    01480 323280

Terry Garrett, Weber Shandwick Square Mile               0207 067 0717

Anthony Cardew, Cardew Chancery                          0207 930 0777


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

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