On 27 February 2003, Severn Trent QUEST Limited (a wholly owned subsidiary of
Severn Trent Plc permitted to subscribe for shares in the company to satisfy
options granted under the Company's Sharesave scheme) subscribed for 3,619
Ordinary shares of 65 5/19 pence each to satisfy the exercise of options by
participants in the scheme. These shares were then transferred to participants
on the same day. The executive directors of Severn Trent Plc were deemed to
have a technical interest in the 3,619 shares when Severn Trent QUEST Limited
subscribed for the shares and ceased to have an interest when the shares were
transferred to the participants.

 

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