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Pennon Group PLC (PNN)

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Monday 04 February, 2002

Pennon Group PLC


Pennon Group PLC
4 February 2002

                                4 February 2002


Further to the announcement made on 7 December 2001, Pennon Group Plc is pleased
to announce that completion of the sale of Viridor Instrumentation Limited to
Launchchange Limited, a subsidiary of Danaher Corporation, took place today.

Final consideration for the sale (which was wholly in cash) was £106 million,
inclusive of approximately £10 million net cash held on the Viridor
Instrumentation balance sheet at completion.

Details of the Viridor Instrumentation business remain unchanged from those
provided in the earlier announcement.

Commenting on the sale, Colin Drummond (Chief Executive of Viridor Limited) said
today:  'We are pleased to have brought the sale of Viridor Instrumentation to a
successful conclusion.  I would like to thank all Viridor Instrumentation
employees for their contribution to the success of the business and wish them
well for the future.  Viridor will now concentrate on waste management.  Pennon
Group will be making a further announcement on its plans to return value to
shareholders when the issues surrounding balance sheet efficiency have been


For further information, please contact:

Colin Drummond, Chief Executive Viridor      01392 443011

Jo Finely, Investor Relations Manager        01392 443401

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