- Water supply company Northumbrian Water announced this morning that Hong Kong based Cheung Kong Infrastructure Holdings ('CKI') has made a revised non-binding proposal at 465p in cash per ordinary share for the Company.

Northumbrian Water shareholders will remain entitled to receive the net final dividend of 9.57p per share in respect of the year ended 31st March 2011.

CKI has indicated to the Board of Northumbrian Water that it will have completed the sale of Cambridge Water prior to any announcement of a firm intention to make an offer for Northumbrian Water.

The Board of Northumbrian Water has agreed to grant CKI a limited period to undertake confirmatory due diligence.

There can be no certainty that any offer will be made for Northumbrian Water, nor as to the terms on which any offer might be made. CKI has reserved the right to make an offer at a price lower than 465p per ordinary share in the event that the Board of Northumbrian Water agrees and recommends an offer at the reduced price. This announcement is being made with the consent of CKI.

A further announcement will be made as and when appropriate.

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