Disposal

2nd Jan 2007 09:57

Disposal

Severn Trent Plc confirms that the sale of its US analytical environmental testing firm, Severn Trent Laboratories (STL), to TestAmerica Holdings, an affiliate of H.I.G. Capital, completed on 29 December 2006 for a cash consideration of approximately ‚£85 million.

Severn Trent Plc also confirms that Rachel Brydon Jannetta consequently resigned as a director of Severn Trent Plc with effect from 29 December 2006.

Colin Matthews, Group Chief Executive, said "I would like to thank Rachel for her contribution to Severn Trent during her eleven years with the company, in particular for the last two years on the Board of Severn Trent Plc during a period of significant change.

"The completion of this transaction is in line with our stated intention to focus on water."

www.severntrent.com

FOR FURTHER INFORMATION CONTACT:

Peter GavanDirector of Corporate AffairsSevern Trent Plc0121 722 4310Jonathan DaviesHead of Investor RelationsSevern Trent Plc0121 722 4295

SEVERN TRENT PLC

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