United Utilities publishes prospectus with details of £1.5 billion return to shareholders

06 June 2008

As a result of the sale of United Utilities Electricity and review of its capital structure, United Utilities previously announced its intention to return to Shareholders 170 pence per share (approximately £1.5 billion in aggregate).  The return is being implemented through a scheme of arrangement involving the introduction of a new holding company, United Utilities Group PLC and the subsequent United Utilities Group Reduction of Capital (the "Proposals").

United Utilities PLC is today posting a scheme circular to Shareholders regarding the Proposals.  A Prospectus relating to United Utilities Group PLC is also being published today, in connection with the admission to the Official List and admission to trading on the London Stock Exchange of ordinary shares of United Utilities Group PLC. 

For the full announcement and to view the Circular and Propsects please see www.unitedutilities.com/prospectus.