Director Shareholding

RNS Number:9447F
South Staffordshire Water PLC
02 December 2004

Exercise of Options under the Executive Share Option Plan

Following the offer by AquaInvest Acquisitions Limited for the Company becoming
unconditional, and as set out in the circular to shareholders dated 27 October
2004, awards and options granted under the South Staffordshire 2004 Long Term
Incentive Plan and the South Staffordshire 2004 Discretionary Share Option Plan
are exercisable in full.

Exercise of Options under the Executive Share Option Plan
The following options have been exercised in respect of ordinary shares of 42.5p
each and shares have today been allotted:

                                Number of Shares            Option Price
                                over which Option
                                Granted

Elizabeth Swarbrick             6,864                        #7.515
Alan Rogers                     2,500                        #7.515
Adrian P Page                   32,400                       #7.515
John Carnell                    10,000                       #7.515

This represents the above Directors total holding under the Executive Share
Option Scheme. Mr Page and Dr Carnell's shareholdings have also been notified
through South Staffordshire Plc.

It is also announced that the Directors have accepted the terms of the Offer by
AquaInvest in respect of the above shares.

Vesting of Awards under the Long Term Incentive Plan

It is announced that the South Staffordshire Employee Benefit Trust which holds
shares for the benefit of employees, including Directors, has today transferred
shares to the following Directors under the rules of the Long Term Incentive
Plan:

                                Number of Shares        
                                over which Option
                                Granted

Elizabeth Swarbrick             3,483
Alan Rogers                     2,720
Adrian Page                     13,292
Jack Carnell                    12,270

This represents the above Directors total holding under the Long Term Incentive
Plan. Mr Page and Dr Carnell's shareholdings have also been notified through
South Staffordshire Plc

It is also announced that the Directors have accepted the terms of the Offer by
AquaInvest in respect of the above shares.

2 December 2004



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

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