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Pennon Group PLC (PNN)

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Monday 29 July, 2002

Pennon Group PLC

Director Shareholding

Pennon Group PLC
29 July 2002


PENNON GROUP PLC


FOR IMMEDIATE RELEASE


DIRECTORS' SHAREHOLDING

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                             -               8,753

Mr C I J H Drummond                     -               6,165

Mr D J Dupont                           -               5,249



The shares were awarded on 26 July 2002 at a price of 652p per share under the
Company's revised performance related bonus arrangements whereby the cash bonus
payable in respect of 2001/02 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 2002

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