BWG Bristol Wtr. Gp

RNS Number:5597O
Bristol Water PLC
06 July 2005


6 July 2005

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

                               Bristol Water plc
                Recommended proposals by Bristol Water Group plc
                                      for
                    a return of 148 pence per Ordinary Share
                                      and
     a 10 for 13 Consolidation of Bristol Water Group plc's Ordinary Shares

                    High Court approves Reduction of Capital

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 148 pence per Ordinary Share
                          and 10 for 13 Consolidation

                    High Court approves Reduction of Capital

The Board of Bristol Water Group plc is pleased to announce that at a High Court
hearing today, the reduction of capital of the Company to cancel and repay the B
shares of the Company was approved. The B Shares, described in the Circular
posted to Shareholders on 20 May 2005, were issued on 5 July 2005. The B Shares
will be cancelled and repaid at 148 pence per B Share following the filing of
the Court Order with the Registrar of Companies, with cheques expected to be
posted to shareholders by 15 July 2005. Dealings in Consolidated Ordinary Shares
also commenced at 8.00 a.m. today.

Terms and expressions used in this announcement have the same meanings as in the
Circular posted to Shareholders on 20 May 2005."

Enquiries

Bristol Water plc Tel: 0117 953 6407

Alan Parsons, Chairman
Andy Nield, Finance Director

Dresdner Kleinwort Wasserstein Tel: 020 7623 8000

Christian Littlewood, 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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