RNS Number:5379S
Bristol Water PLC
26 November 2003


Bristol Water plc

26 November 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 Group plc, 
the text of which is set out below.


                   "Bristol Water Holdings plc (the "Company")
          Proposed Capital Reorganisation of Bristol Water Holdings plc

                      Sanction of Scheme of Arrangement


At a hearing today, the High Court of Justice in England and Wales (the "High
Court") sanctioned the proposed scheme of arrangement of the Company under
section 425 of the Companies Act 1985 (the "Scheme") to introduce a new listed
holding company, Bristol Water Group plc.

Under the terms of the Scheme, all existing Bristol Water Holdings plc ordinary
shares will be cancelled and Bristol Water Holdings shareholders will receive
one Bristol Water Group plc ordinary share for each existing Bristol Water
Holdings plc ordinary share held at the Scheme record time (which was 5.00 pm on
25 November 2003).

The Scheme is expected to become effective on 26 November 2003 and the Bristol
Water Group plc ordinary shares are expected to be admitted to the Official List
and to trading on the London Stock Exchange's market for listed securities at
8.00 am on 27 November 2003. The listing of the existing Bristol Water Holdings
plc ordinary shares is expected to be cancelled by 8.00 am on 27 November 2003."



Enquiries

Bristol Water 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
END

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