Holding(s) in Company

Pennon Group PLC
14 July 2003

PENNON GROUP PLC

FOR IMMEDIATE RELEASE

HOLDING IN COMPANY

Pennon Group Plc has today received notification (by letter dated 11 July 2003)
that Lehman Brothers International (Europe) now holds 4,062,800 Ordinary shares
of £1.11p each in Pennon Group Plc.

14 July 2003


End transmission


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