BWG Bristol Wtr. Gp

RNS Number:0693D
Bristol Water Group PLC
16 May 2006


16 May 2006

Bristol Water Group plc

Offer update, publication of results and special interim dividend

Following the announcement yesterday by Sociedad General de Aguas de Barcelona,
S.A. ("Agbar") regarding its  recommended cash offer for Bristol Water Group plc
("Bristol Water Group") (the "Offer"), being declared unconditional in all
respects, the Board of Bristol Water Group plc (the "Board") announces revised
arrangements for publication of its results for the year ended 31 March 2006.

As at 1.00 p.m. (London time) on 14 May 2006, Agbar either owned or had received
valid acceptances representing 84.7  per cent. of Bristol Water Group's issued
share capital. In accordance with the terms of the Offer set out in the offer
document posted to Bristol Water Group shareholders on 22 April 2006 (the "Offer
Document"), Bristol Water Group now intends to apply to the London Stock
Exchange for cancellation trading of Bristol Water Shares on the London Stock
Exchange's market for listed securities and to the Financial Services Authority
for cancellation of the listing of Bristol Water Shares on the Official List. It
is anticipated that the cancellation of Bristol Water Group's listing and
admission to trading will take effect from 15 June 2006, being not less than 20
business days after Agbar acquired or agreed to acquire 75 per cent. of the
voting rights attaching to Bristol Water Shares.

Accordingly the Board no longer intends to make a preliminary announcement of
results for the year ended 31 March 2006,  and will post copies of the results
to remaining shareholders at a later date.

Bristol  Water  Shareholders on the register at the close of business on 15 May
2006,  being  the  Record  Date, will be entitled to receive a special interim
dividend  of  22.5  pence  per Bristol Water Share, in lieu of the final
Bristol  Water  dividend  that would have been paid for the 52 weeks ended  31
March  2006.  As stated in the Offer Document, settlement of the special interim
dividend will be made within 14 days of the Record Date being the same time as
settlement of consideration under the Offer.

In accordance with the standard practice of the London Stock Exchange, the
Bristol Water Shares will not be declared  "ex" the entitlement to the special
interim dividend until 8.00 a.m. (London time) on the 17 May 2006.  Bristol
Water Shareholders intending to deal in Bristol Water Shares on the market are
recommended to consult their stockbroker or other independent financial adviser.

Terms defined in the Offer Document shall have the same meanings in this
announcement.

For further information contact:

Alan Parsons, Chief Executive
Andy Nield, Group Finance Director

Bristol Water Group plc
Tel 0117 953 6407

Or contact:

Bristol Water Corporate Affairs on 0117 953 6470/ 07831 453924




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