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Pennon Group PLC (PNN)

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Friday 13 January, 2006

Pennon Group PLC

Early repayment of Bonds

Pennon Group PLC
13 January 2006

PENNON GROUP PLC

PENNON ANNOUNCED THE RESULT OF THE PROPOSAL TO REPAY BONDS EARLY

Pennon Group Plc ('Pennon') announced today that a meeting of the holders of its
£150,000,000 105/8 per cent.  Bonds 2012 (ISIN Code: XS0036051596) (the 'Bonds')
has passed an extraordinary resolution to redeem the Bonds with effect on 17
January 2006 at a price higher than par and equal to the gross redemption yield
on the 5 per cent. Treasury Stock 2012 ('Benchmark Gilt') as at 3 pm London time
on 13 January 2006 plus 0.25%.

Price of the Benchmark Gilt= 104.760 per cent.

Gross Redemption Yield for the Benchmark Gilt = 4.114 per cent.

Gross Redemption Yield plus redemption spread of 0.25 per cent. = 4.364 per
cent.

Redemption Price for £100 nominal amount of the Bonds = £132.363 per cent. plus
accrued interest.



13 January 2006


www.pennon-group.co.uk

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