RNS Number:4087Q
Bristol Water PLC
01 October 2003


Bristol Water plc

1 October 2003


Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan.


                               BRISTOL WATER PLC

Bristol Water plc notes the announcement made today by Bristol Water Holdings 
plc, the text of which is set out below.


                          "BRISTOL WATER HOLDINGS PLC

                      PROPOSED #50 MILLION RETURN OF VALUE

                     SCHEME OF ARRANGEMENT DOCUMENTS POSTED

Bristol Water Holdings plc announces that the Listing Particulars and Circular
in relation to the scheme of arrangement (the "Scheme") and listing of shares in
Bristol Water Group plc announced on 23 September 2003 will be posted to
Shareholders today.

As set out in the above documents, the Board's current expectation of the Scheme
timetable, which may be subject to change, is:

Court meeting and Extraordinary General Meeting                  28 October 2003
Court Hearing of petition to sanction the Scheme                26 November 2003
Last date for dealings in shares of Bristol Water Holdings plc  26 November 2003
Scheme Effective Date                                           27 November 2003
Dealings in shares of Bristol Water Group plc commence          27 November 2003

If the Scheme is approved, Shareholders will exchange their shares in Bristol
Water Holdings plc for shares in a new holding company, Bristol Water Group plc,
on a one for one basis.

The Directors currently intend to adopt, in due course, a sustainable dividend
cover policy broadly in line with other companies in the sector. The level of
future dividends will be influenced by, inter alia, Ofwat's periodic review of
prices for 2005-2010 and the additional interest incurred as a consequence of
any return of capital. Further details will be included with the announcement of
interim results for the period ended 30 September 2003, expected to be made on
or about 4 December 2003.

Copies of the Listing Particulars and Circular have been submitted to the UK
Listing Authority, and will shortly be available for inspection at the UK
Listing Authority's Document Viewing Facility, which is situated at:
Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Terms used in this announcement shall have the same meaning as those in the 
Listing Particulars and Circular.

Enquiries

Bristol Water Holdings plc                                    Tel: 0117 953 6407
Alan Parsons, Chief Executive
Andy Nield, Group Finance Director

Dresdner Kleinwort Wasserstein                                Tel: 020 7623 8000
Ishbel Macpherson, Managing Director

Dresdner Kleinwort Wasserstein Limited, which is authorised by the Financial
Services Authority, is acting for Bristol Water and no one else in connection
with the Scheme and is not acting for any person other than Bristol Water and
will not be responsible to any person other than Bristol Water for providing the
protections afforded to its customers or for providing advice in connection with
the Scheme and the other matters described herein."


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