BWG Bristol Wtr. Gp

RNS Number:5974O
Bristol Water PLC
07 July 2005


7 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

         Filing of Court Order - Reduction of Capital becomes effective

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

         Filing of Court Order - Reduction of Capital becomes effective

The Board of Bristol Water Group plc ("Bristol Water") is pleased to announce
that following filing of the Court Order made on 6 July 2005 with the Registrar
of Companies, the reduction of capital of the Company to cancel and repay the B
shares of the Company has become effective. The B Shares have been cancelled and
will now be repaid at 148 pence per B Share. Cheques will now be posted by 15
July 2005 to shareholders on the register of Bristol Water as at 5.00 p.m. on 5
July 2005.

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.




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