United Utilities Water Plc



Re:  ELECTRICITY NORTH WEST LIMITED
     GBP 100000000
     MATURING: 06-Apr-2046
     ISIN: XS0249492652

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
06-Oct-2008 TO 06-Apr-2009 HAS BEEN FIXED AT 1.662900 PCT

DAY BASIS: ACTUAL/ACTUAL(ISMA)

INTEREST PAYABLE VALUE 06-Apr-2009 WILL AMOUNT TO:
GBP 415.73 PER GBP 50000 DENOMINATION



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