Director Shareholding
Pennon Group PLC
10 September 2002
PENNON GROUP PLC
FOR IMMEDIATE RELEASE
DIRECTORS' SHAREHOLDINGS
The following changes in the interests in Directors' shareholdings arise from the Pennon Group Plc's
Share Capital Consolidation which resulted in every 111 existing ordinary shares of 100p each being
replaced with 100 new ordinary shares of 111p each. These shares were admitted to trading on 2
September 2002 and notification was received by the Company of these interests on 9 September 2002.
(a) Shareholdings - held by each Director:
Prior to Consolidation After Consolidation
Mr R J Baty 28,998 26,124
Sir Geoffrey H Chipperfield 2,500 2,252
Mr C I J H Drummond 13,454 12,120
Mr D J Dupont 13,977 12,591
Mr A T Fletcher 1,534 1,381
Mr K G Harvey 2,527 2,276
Ms K M H Mortimer 285 256
(b) Restricted Share Plan - conditional interests in shares of each Executive Director:
Prior to Consolidation
Date of conditional award
September September September
1999 2000 2001
Mr R J Baty 10,314 17,954 18,087
Mr C I J H Drummond 10,314 17,954 18,087
Mr D J Dupont 4,361 7,595 7,813
After Consolidation
Date of conditional award
September September September
1999 2000 2001
Mr R J Baty 9,291 16,174 16,294
Mr C I J H Drummond 9,291 16,174 16,294
Mr D J Dupont 3,928 6,842 7,038
The above shares are held by Peninsula Trustees (Guernsey) Limited and represent the maximum
number of shares to which each of the Executive Directors would become entitled under the
Company's Restricted Share Plan if all the relevant criteria were met.
(c) Performance Related Bonus Plan - conditional interest in shares of each Executive Director:
Prior to Consolidation After Consolidation
Mr R J Baty 8,753 7,885
Mr C I J H Drummond 6,165 5,554
Mr D J Dupont 5,249 4,728
The above shares are held by Peninsula Trustees (Guernsey) Limited and it is a condition of
the Performance Related Bonus Scheme that the shares so awarded to each of the three
Executive Directors should normally be held for a period of three years, conditional upon
continuous service with the Company.
(d) Sharesave Scheme
The number of options over Pennon Group Plc shares previously granted to each of the three
Executive Directors of the Company (Messrs R J Baty, C I J H Drummond and D J Dupont) in
accordance with the Company's Sharesave Scheme remain the same, save that the options after
Consolidation are now over ordinary shares of 111 pence each.
10 September 2002
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