Result of WPDL Tender Offer

RNS Number:7182P
Hyder PLC
18 August 2000

 
                                 WPD Limited 
   Results of Proposals and Tender Offer by WPD Limited to Hyder PLC and Welsh
               Water Utilities Finance PLC Bondholders  
 
 
WPD Limited ("WPDL") hereby announces the results of the conditional tender
offer (the "Tender Offer") dated 8 August 2000. Capitalised terms in this
announcement have the meanings given in the Notice of Terms of Tender Offer
dated 8 August 2000. 
 
With regard to the GBP 75 MM Bonds due 2002 of Hyder PLC, Acceptance Notices
were received by the Tender Agent in excess of 60% of the outstanding
principal amount of the Bonds. 
 
With regard to each of the following series of Bonds, Acceptance Notices were
received by the Tender Agent in excess of 75% of the outstanding principal
amount of the Bonds: 
 
GBP 200 MM Bonds due 2006 
GBP 200 MM Bonds due 2016 
GBP 200 MM Bonds due 2020 
in each case of Hyder PLC 
 
and 
 
GBP 100 MM Guaranteed Bonds due 2004 
GBP 100 MM Guaranteed Bonds due 2014 
in each case of Welsh Water Utilities Finance PLC 
 
WPDL is considering whether to extend, amend or reopen the Tender Offer in
accordance with the terms of the Tender Offer. WPDL may also, in accordance
with the terms of the Tender Offer, at any time make or procure the making of
a new offer to holders of the Bonds of any series (or any of them) on such
terms as it may determine. A further announcement will be made by WPDL in any
such event. 
      
DCS Oosthuizen 
Director and Company Secretary  
 
Press Enquiries: 
 
Anthony Cardew          Cardew & Co.               020 7930 0777 
 
 
The distribution of this document in certain jurisdictions may be restricted
by law. Persons into whose possession this document comes are required by
WPDL, Salomon Brothers International Limited (trading as Schroder Salomon
Smith Barney) and Citibank N.A., London office to inform themselves about,
and to observe, any such restrictions.  
The Tender Offer is not made within the United States or to US persons. This
document is not to be transmitted into the United States, to any US person,
or by use of the mails or by any means or instrumentality (including, without
limitation, facsimile transmission, telex and telephone) of interstate or
foreign commerce, or of any facility of a national securities exchange, of
the United States and the Tender Agent will not accept any tender on behalf
of WPDL by any such use, means, instrumentality or facility or from within
the United States. Any Bondholder who holds its Bonds through a custodian in
the United States should contact the Tender Co-ordinator. 
 
Salomon Brothers International Limited (trading as Schroder Salomon Smith
Barney), which is regulated in the United Kingdom by the Securities and
Futures Authority, has approved the contents of this document solely for the
purposes of section 57 of the Financial Services Act 1986. Schroder Salomon
Smith Barney is acting as financial adviser to WPDL in relation to the Hyder
shares offer and the Tender Offer and to no one else and will not regard any
other person as its customer or be responsible to anyone other than WPDL for
providing the protections afforded to customers of Schroder Salomon Smith
Barney or for providing advice in relation to the Hyder shares offer and the
Tender Offer. 
 
The Tender Agent referred to herein makes no representations whatsoever
regarding this document or the Tender Offer. The Tender Agent is the agent of
WPDL and owes no duty to any Bondholder.

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