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Severn Trent announces details of Biffa demerger and return of value

12th September 2006

Severn Trent announced earlier this year that it intended to demerge its subsidiary, Biffa, and to make a return of capital to Shareholders.

Severn Trent will shortly be posting a circular to its Shareholders giving details of the Demerger and return of value as well as certain other corporate arrangements relating to them, including a share consolidation. A prospectus prepared in connection with the admission of Biffa Ordinary Shares to the Official List and to trading on the London Stock Exchange is expected to be published today.

The Circular also seeks Severn Trent Shareholders' approval of the Demerger at an Extraordinary General Meeting to be held at 2.30 p.m. on 6 October 2006.