Preliminary Announcement of audited results for the year ended 31 March 2007

• Positive year for the group with profit after tax from continuing operations increasing by 8.1%
  
• Yorkshire Water continued to improve levels of operational and customer service and was named “Utility of the Year” for the third consecutive year
  
• Yorkshire Water again recognised by Ofwat as the most efficient water and sewerage company
  
• Further profit growth in UK Service Operations from Kelda Water Services
  
• Sale of Aquarion regulated business announced on 1 May 2007
  
• Completion of balance sheet restructuring anticipated early July 2007
  
• Full year dividend up 6.3% to 32.25p per share; final dividend 23.0p per share proposed

KEY FIGURES

	2007	2006	Increase
Group turnover from continuing operations	£878.9m	£825.4m	6.5%
Group operating profit from continuing operations	£338.2m	£315.4m	7.2%
Profit after tax from continuing operations	£171.7m	£158.9m	8.1%
Basic earnings per share from continuing operations	48.1p	42.8p	12.4%
Dividend declared for the year	32.25p	30.35p	6.3%
Group net debt	£2,104m	£1,954m	7.7%

Commenting on the results, the Chairman John Napier, said: "A strong second year result with a good all-round performance in all areas of efficiency, service, regulatory compliance and out-performance which we are confident that we can sustain."

For further information contact

June 7	Kevin Whiteman Martin Towers, Kelda Group	020 7155 4241 020 7155 4241
	Peter Hewer, Tulchan Communications	020 7353 4200
After June 7	Kelda Group Press Office	01274 692954

A copy of this preliminary results announcement will be available on the Kelda Group website from 8am this morning at www.keldagroup.com

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