Director Shareholding

Pennon Group PLC
29 July 2003


PENNON GROUP PLC

FOR IMMEDIATE RELEASE


DIRECTORS' SHAREHOLDINGS

Pennon Group Plc announces that it has today received notification that its
three Executive Directors have obtained a conditional interest in Ordinary
shares of the Company as follows:

Mr R J Baty                         -     6,435
Mr C I J H Drummond                 -     7,990
Mr D J Dupont                       -     6,146



The shares were awarded on 25 July 2003 at a price of 652p per share under the
Company's performance related bonus arrangements whereby the cash bonus payable
in respect of the Executive's performance during the Company's financial year
2002/03 is matched by an award of shares of an equivalent amount.  It is a
condition of the performance related bonus scheme that the shares so awarded
should normally be held for a period of three years, conditional upon continuous
service with the Company.  The shares are held by Pennon Share Plans (Guernsey)
Limited.


29 July 2003

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