Issue of JPY 2,000,000,000 2.605 per cent. Notes due 26 April 2029 Guaranteed by Severn Trent Water Limited under the €2,500,000,000 Euro Medium Term Note Programme

PART A - CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions set forth in the Prospectus dated 4 August 2006 which constitutes a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the "Prospectus Directive"). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Prospectus. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Prospectus. The Prospectus is available for viewing at http://www.rnspdf.londonstockexchange.com/rns/3261h_-2006-8-7.pdf and copies may be obtained from the registered office of the Issuer at 2297 Coventry Road, Sheldon, Birmingham B26 3PU, United Kingdom.

1.	(1)	Issuer:	Severn Trent Water Utilities Finance Pic
	(ii)	Guarantor:	Severn Trent Water Limited
2.		Series Number:	84
3.		Specified Currency or Currencies:	Japanese Yen ("JPY")
4.	Aggregate Nominal Amount:		JPY 2,000,000,000
ર.	Issue Price:		100.00 per cent. of the Aggregate Nominal Amount of the Tranche
6.		Specified Denominations:	JPY 100,000,000 and the Notes may not be subdivided into a smaller denomination
7.		Issue Date and Interest Commencement Date:	26 April 2007
8.		Maturity Date:	26 April 2029
9.		Interest Basis:	2.605 per cent. Fixed Rate (further particulars specified below)
10.		Redemption/Payment Basis:	Redemption at par
11.		Change of Interest Basis or Redemption/Payment Basis:	Not Applicable

12.		Put/Call Options:	Not Applicable
13.	(1)	Status of the Notes:	Sen1or
	(1)	Status of the Guarantee:	Senior
14.		Method of distribution:	Non-syndicated

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

15.	Fixed Rate Note Provisions		Applicable
	(i)	Rate(s) of Interest:	2.605 per cent. per annum payable annually in arrear
	(11)		Interest Payment Date(s): 26 April in each year up to and including the Maturity Date
	(iii)	Fixed Coupon Amount(s):	JPY 2,605,000 per JPY 100,000,000 in nominal amount
	(iv)	Broken Amount(s):	Not Applicable
	(v)	Day Count Fraction:	30/360
	(vi)	Determination Date(s):	Not Applicable
	(V11)	Other terms relating to the method of calculating interest for Fixed Rate Notes:	None
16.	Floating Rate Note Provisions		Not Applicable
17.	Zero Coupon Note Provisions		Not Applicable
18.	Index Linked Interest Note Provisions		Not Applicable
19.	Dual Currency Interest Note Provisions		Not Applicable

PROVISIONS RELATING TO REDEMPTION

20.	Issuer Call:	Not Applicable
21.	Investor Put:	Not Applicable
22.	Final Redemption Amount	JPY 100,000,000 per Note of Specified Denomination

Early Redemption Amount(s) payable on redemption for taxation reasons or on event of default and/ or the method of calculating the same (if required or if different from that set out in Condition 6(f)):

As set out in the Condition

Not Applicable 24. Put Event:

GENERAL PROVISIONS APPLICABLE TO THE NOTES

(a)	Form of Notes:	Temporary Global Note exchangeable for a Permanent Global Note which is exchangeable for Definitive only upon an Exchange Event
(b)	New Global Note:	No
Additional Financial Centre(s) or other special provisions relating to Payment Dates:		Tokyo and London
27. Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons mature):		No.
Details relating to Partly Paid Notes: 28. amount of each payment comprising the Issue Price and date on which each payment is to be made and consequences of failure to pay, including any right of the Issuer to forfeit the Notes and interest due on late payment:		Not Applicable
		Not Applicable
		Redenomination not applicable
Other terms or special conditions:		Not Applicable

(1)	If syndicated, names of Managers: Not Applicable
(ii)	Stabilising Manager (if any):	Not Applicable
If non-syndicated, name of relevant 33. Dealer:		Dresdner Bank AG London Branch
Whether TEFRA D or TEFRA C rules
Additional selling restrictions:		Not Applicable
		Details relating to Instalment Notes: Redenomination applicable: DISTRIBUTION applicable or TEFRA rules not applicable: TEFRA D

LISTING AND ADMISSION TO TRADING APPLICATION

These Final Terms comprise the final terms required to list and have admitted to trading the issue of Notes described herein pursuant to the €2,500,000,000 Euro Medium Term Note Programme of Severn Trent Plc and Severn Trent Water Utilities Finance Plc.

RESPONSIBILITY

The Issuer and the Guarantor accept responsibility for the information contained in these Final Terms.

Signed on behalf of the Issuer:

By: ............................................ Duly authorised

Signed on behalf of the Guarantor:

By: ........ Ca. D ... . Duly authorised]

PART B - OTHER INFORMATION

1. LISTING

(1)	Listing:	London
(11)	Admission to trading:	Application has been made for the Notes to be admitted to trading on the London Stock Exchange with effect from 26 April 2007
(111)	Estimate of total expenses related to admission to trading:	GBP 378.47
RATINGS
Ratings:		The Notes to be issued have been rated: S&P A
		Moody's: A2

[NOTIFICATION 3.

The Financial Services Authority [has been requested to provide/has provided - include first alternative for an issue which is contemporaneous with the establishment or update of the Programme and the second alternative for subsequent issues] the [names of competent authorities of host Member States] with a certificate of approval attesting that the Prospectus has been drawn up in accordance with the Prospectus Directive.]

4. I [INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

[Save as described in "Subscription and Sale" and for any fees payable to the [Managers/Dealers], so far as the Issuer [and the Guarantor] is aware, no person involved in the issue of the Notes has an interest material to the offer. - Amend as appropriate if there are other interests]

5. [REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

(1)	Reasons for the offer	(See ["Use of Proceeds"] wording in Prospectus - if reasons for offer different from making profit and/or hedging certain risks will need to include those reasons here.)
(11)	Estimated net proceeds:	(If proceeds are intended for more than one use, will need to split out and present in order of priority. If proceeds insufficient to fund all proposed uses state amount and sources of other funding.)
	[(iii)] Estimated total expenses:	[ Expenses are required to be broken down into each principal intended "use" and presented in order of priority of such "uses".]]

AI Terminal

Severn Trent PLC

4706_rns_2020-05-10_5680ae6c-72fe-4f16-ba43-7a4d49573fcf.pdf

Severn Trent Water Utilities Finance Plc