BW20030216002002  20030217T070008Z UTC


( BW)(UNITED-UTILITIES-WATER)(AH55) FRN Variable Rate Fix 

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--Feb. 14, 2003--

RE: UNITED UTILITIES WATER
    HKD 150,000,000 SERIES 12 EMTN
    DUE: 14 AUGUST 2007
    ISIN: XS0153012280

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
14FEB03 TO 14MAY03 HAS BEEN FIXED AT 1.84848 PCT.

THE COUPON AMOUNT DUE 14MAY03 WILL AMOUNT TO:
HKD 4,507.25 PER HKD 1,000,000 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 207 508 3857/3855 OR FAX: 44 207 508 3881

RATE FIX DESK
CITIBANK N.A. LONDON

   Short Name: UnitedUtilitiesWater
   Category Code: RC
   Sequence Number: 00001954
   Time of Receipt (offset from UTC): 20030214T183228+0000

    --30--ac/uk*

    CONTACT: United Utilities Water PLC

    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: UnitedUtilitiesWater

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