RNS Number:3840R
Bristol Water Holdings PLC
28 October 2003

28 October 2003

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, 
CANADA, AUSTRALIA OR JAPAN.


                           Bristol Water Holdings plc
                         Proposed Scheme of Arrangement
           Results of Court Meeting and Extraordinary General Meeting

The Board of Bristol Water Holdings plc is pleased to announce that at the Court
Meeting and the subsequent Extraordinary General Meeting ("EGM") of Bristol
Water Holdings plc held earlier today, the resolutions to approve the
introduction of a new listed holding company, Bristol Water Group plc, by way of
a scheme of arrangement under section 425 of the Companies Act 1985 (the
"Scheme"), were duly passed.

The Scheme remains conditional upon the Court Hearing of the petition to
sanction the Scheme which is expected to take place on 26 November 2003. The
Scheme Effective Date is expected to be 27 November 2003 with admission to
listing and trading of the New Ordinary Shares in Bristol Water Group plc
expected to commence at 8.00 a.m. on that day.

At the EGM, Shareholders also approved the establishment of a new Savings
Related Share Option Scheme and authorised the Directors to establish further
similar schemes or plans for the benefit of overseas employees.



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 and regulated by the
Financial Services Authority, is acting for Bristol Water Holdings plc and no
one else in connection with the Scheme and is not acting for any person other
than Bristol Water Holdings plc and will not be responsible to any person other
than Bristol Water Holdings plc for providing the protections afforded to its
customers or for providing advice in connection with the Scheme and the other
matters described herein.




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