Disposal

6th Nov 2006 06:59

DisposalSevern Trent Plc announces today the sale of Severn Trent Property and otherproperty interests to Prologis Development Limited for a cash consideration of‚£71.7 million realising a profit on disposal in aggregate of around ‚£35million.Severn Trent Property comprises around 500 acres of development land indistribution and logistic hubs across the Midlands.Mr Colin Matthews, Group Chief Executive, said: "The transaction announcedtoday is in line with our stated intention to focus on water."www.severntrent.comFOR FURTHER INFORMATION CONTACT:Peter GavanDirector of Corporate AffairsSevern Trent Plc0121 722 4310Jonathan DaviesHead of Investor RelationsSevern Trent Plc0121 722 4295David Trenchard / Peter HewerTulchan Communications Group LtdTel: 020 7353 4200EndENDSEVERN TRENT PLC

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