RNS Number:8236T
Bristol Water PLC
05 January 2004

5 January 2004


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 Group plc

           Proposed Return of Capital of 135 pence per Ordinary Share

                    Results of Extraordinary General Meeting


The Board of Bristol Water Group plc is pleased to announce that at the
Extraordinary General Meeting ("EGM") of Bristol Water Group plc held earlier
today, the special resolution to approve the implementation of the proposed
return of capital of 135 pence per Ordinary Share was duly passed.



The return of capital remains conditional upon Court approval, and upon
additional finance on appropriate terms being in place. The Court Hearing to
confirm the reduction of capital is expected to take place on 4 February 2004.



In accordance with the published timetable, the record time in respect of the B
Share Issue and the Consolidation is expected to be at 5.00 p.m. and 6.00 p.m.
on 3 February 2004, respectively. Admission to listing and trading of the
Consolidated Ordinary Shares in Bristol Water Group plc is expected to commence
at 8.00 a.m. on 4 February 2004.



The reduction of capital is expected to become effective by 13 February 2004
with monies expected to be sent out to qualifying shareholders by 16 February
2004, although the exact date will depend on the Court timetable and on the
timing of the completion of the arrangements for additional finance.



At the EGM, Shareholders also approved the establishment of a new Executive
Share Option Scheme.



Terms and expressions used in this announcement have the same meanings as in the
Circular posted to Shareholders on 5 December 2003."



Enquiries



Bristol Water plc                        Tel: 0117 953 6407

Alan Parsons, Chairman
Andy Nield, 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 Group plc and no one
else in connection with the Proposals in the Circular and is not acting for any
person other than Bristol Water Group plc and will not be responsible to any
person other than Bristol Water Group plc for providing the protections afforded
to its customers or for providing advice in connection with the Proposals in the
Circular 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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