BWG Bristol Wtr. Gp

RNS Number:1813E
Societe Generale SA
07 June 2006

Compulsory Acquisition of Shares



Not for release, publication or distribution in whole or in part in or into
Canada, Australia or Japan



FOR IMMEDIATE RELEASE 7 JUNE 2006



RECOMMENDED CASH OFFER



by


SOCIETE GENERALE


on behalf of


SOCIEDAD GENERAL DE AGUAS DE BARCELONA, S.A. ("agbar")



for



BRISTOL WATER GROUP PLC ("BRISTOL WATER")



Further to the announcement made on 15 May 2006 that the Offer had been declared
unconditional in all respects, Agbar announces that, as at 3.00 p.m. (London
time) on 6 June 2006, Agbar has acquired and had registered on the Bristol Water
share register in its name or received valid acceptances of the Offer in respect
of a total of 14,738,614 Bristol Water Shares, representing approximately 94.5
per cent. of Bristol Water's issued share capital and approximately 91.5 per
cent. of Bristol Water's fully diluted share capital (including employee share
options).



Accordingly as Agbar has received valid acceptances in respect of, or otherwise
acquired, more than nine-tenths in value of Bristol Water Shares to which the
Offer relates, Agbar is implementing the procedure set out in sections 428 to
430F (inclusive) of the Companies Act 1985 to acquire compulsorily those Bristol
Water Shares which it does not already hold, or has not already acquired or
contracted to acquire, or in respect of which it has not already received valid
acceptances.



In accordance with the compulsory acquisition procedures Agbar today dispatched
compulsory acquisition notices to Bristol Water Shareholders who have not yet
accepted the Offer. The transfer of Bristol Water Shares in accordance with the
compulsory acquisition notices will take place on 19 July 2006.



The Offer will remain open for acceptance until further notice. Bristol Water
Shareholders who wish to accept the Offer and who have not already done so
should, if they hold Bristol Water Shares in certificated form, complete, sign
and return the Form of Acceptance to Lloyds TSB Registrars as soon as possible.
Bristol Water Shareholders who have not yet accepted the Offer and who hold
Bristol Water Shares in uncertificated form should accept electronically through
CREST so that the TTE Instruction settles as soon as possible. Bristol Water
Shareholders who hold Bristol Water Shares as a CREST sponsored member, should
refer to their CREST sponsor as only their CREST sponsor will be able to send
the necessary TTE Instruction to CRESTCo.



Terms defined in the Offer Document dated 22 April 2006 shall have the same
meanings in this announcement.



Enquiries


Agbar


Angel Simon, Director General


Tel : +44 20 7762 5181


Societe Generale
(Financial Adviser to Agbar)


David Roberts, Managing Director
Michael Robinson, Director


Tel : +44 20 7762 5181


The contents of this notice are also covered by the disclaimers and definition
of the roles and responsibilities as detailed in the Offer Document.
Specifically, the role of Societe Generale is as follows.



Societe Generale, which is authorised and regulated in the United Kingdom by the
Financial Services Authority is acting exclusively for Agbar and no-one else in
connection with the Offer and will not be responsible to anyone other than Agbar
for providing the protections afforded to clients of Societe Generale nor for
providing advice in relation to the Offer.



This announcement does not constitute, or form part of, any offer for, or any
solicitation of any offer for, securities. Any acceptance or other response to
the Offer should be made only on the basis of information referred to in the
Offer Document.



The Offer is not being and will not be made, directly or indirectly, in or into,
or by use of the mails of, or by any means or instrumentality (including,
without limitation, facsimile or electronic transmission, telex, internet,
telephone or other forms of electronic communication) of interstate or foreign
commerce of, or any facility of a national, state or other securities exchange
of Canada, Australia or Japan and the Offer will not be capable of acceptance by
any such use, means, instrumentality or facility from or within Canada,
Australia or Japan. Accordingly, copies of this announcement and any Offer
Documents are not being, and will not be, mailed or otherwise forwarded,
distributed or sent in , into or from, Canada, Australia or Japan.



The availability of the Offer to persons outside the United Kingdom may be
affected by the laws of other jurisdictions. Such persons should inform
themselves and observe any applicable requirements of those jurisdictions.



The Loan Notes to be issued in connection with the Offer have not been, nor will
they be, registered under the US Securities Act or under the securities laws of
any jurisdiction of the United States, the relevant clearances have not been,
and will not be, obtained from the securities commission of any province of
Canada, no prospectus has been lodged with, or registered by, the Australian
Securities and Investments Commission or the Japanese Ministry of Finance and
the Loan Notes have not been, and nor will they be, registered under or offered
in compliance with applicable securities laws of any state, province, territory
or jurisdiction of Canada, Australia or Japan. Accordingly, the Loan Notes may
not (unless an exemption under relevant securities laws is applicable) be
offered, sold, resold or delivered, directly or indirectly, in or into the
United States, Canada, Australia or Japan or any other jurisdiction if to do so
would constitute a violation of the relevant laws of, or require registration
thereof in, such jurisdiction or to, or for the account or benefit of, a person
located in the United States, Canada, Australia or Japan.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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