EPT Disclosure

RNS Number:5177N
Merrill Lynch International
07 February 2008


                                                               FORM 38.5 (SUMMARY)


           Lodge with Company Announcements Office and the Panel. Use a separate form for each class of


                                   securities in which dealings have been made.


                                                    CONNECTED EXEMPT PRINCIPLE TRADER:


                         DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Name of EPT                                               Merrill Lynch International


Date of disclosure                                        07 February 2008


Date of dealing                                           06 February 2008


Telephone number                                          020 7996 2121


Please see attached disclosure of dealings under Rule 38.5 in the securities of the following companies:
Kelda Group Plc


AMENDMENT


state which element(s) of previous disclosure was incorrect:


In the case of option business or dealings in derivatives full details should be given on a separate sheet so


that the nature of the dealings can be fully understood. For options this should include the number of


securities under option, the exercise period (or in the case of exercise, the exercise date), the exercise price


and any option money paid or received. For derivatives this should include, at least, the number of reference


securities to which they relate (when relevant), the maturity date (or if applicable the closing out date) and the


reference price.


For full details of disclosure requirements see Rules 8 and 38 of the Code. If in doubt contact the Monitoring


Section of the Panel, Tel. No:0207 638 0129


                                                                                              FORM 38.5(a)


                DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS WITH RECOGNISED


                                INTERMEDIARY STATUS DEALING IN CLIENT-SERVICING CAPACITY


                                (Rule 38.5(a) of The City Code on Takeovers and Mergers)


  1. KEY INFORMATION


   Name of exempt principal trader                                  Merrill Lynch International


   Company dealt in                                                       Kelda Group Plc


  Class of relevant security to which the dealings                            Common
  being


  disclosed relate


   Date of dealing                                                          06/02/2008


  2. DEALINGS


  (a) Purchases and sales


      Total number of securities              Highest price paid                     Lowest price paid
               purchased


                 301,477                            GBP 10.90                           GBP 10.89


    Total number of securities sold         Highest price received                 Lowest price received


                 60,598                             GBP 10.90                           GBP 10.89


  (b) Derivatives transactions (other than options)


   Product name,       Short/Long               Number of securities                   Price per unit


  eg. CFD





  (c)        Options transactions in respect of existing securities


   Product name     Writing,         Number of         Exercise     Type, e.g.   Expiry       Option money
                    selling,                           price


   eg call option   purchasing,      securities under               American,    date         paid/received per


                  varying etc.    option                         European etc                unit





  (ii) Exercising


   Product name                        Number of securities under       Exercise price
                                       option


  eg call option



   3. OTHER INFORMATION


    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.


   NONE


   Date of disclosure                                                          07/02/2008


   Contact name                                                               Louise Howard


   Telephone number                                                         [phone]


   Name of offeree/offeror with whom connected                               Kelda Group Plc


   Nature of connection #                                                        Advisor




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