Pennichuck Corporation and Philadelphia Suburban Corporation File Amendment to Proxy Statement - Prospectus

Business Wire, Jan 13, 2003

Business Editors

NASHUA, N.H.--(BUSINESS WIRE)--Jan. 13, 2003

Pennichuck Corporation ("Pennichuck") and Philadelphia Suburban Corporation ("PSC") today filed a revised preliminary proxy statement-prospectus with the Securities and Exchange Commission (the "SEC") concerning the proposed acquisition of Pennichuck by PSC. Shareholders of Pennichuck and other investors are encouraged to read the revised proxy preliminary statement-prospectus because it contains important information about the merger. The revised preliminary proxy statement-prospectus is available on the SEC's website (www.sec.gov), under PSC's name, as Amendment No. 1 to its registration statement on Form S-4 (Registration No. 333-101556) or by contacting Pennichuck at (603) 882-5191.

Pennichuck Corporation

Attn: Shareholder Relations

Four Water Street

Nashua, NH 03061-0448

(603) 882-5191

This communication may be deemed to be solicitation material in respect of the proposed acquisition of Pennichuck by PSC, pursuant to an Agreement and Plan of Merger, dated as of April 29, 2002, by and between Pennichuck and PSC. Pennichuck and its directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the transactions contemplated by the Agreement and Plan of Merger.

Information concerning any direct or indirect interest in the proposed merger of Pennichuck's directors and executive officers, including their beneficial ownership of Pennichuck common stock and the terms of change of control or similar arrangements with certain of Pennichuck's executive officers, may be found in Pennichuck's revised preliminary proxy statement-prospectus filed with the SEC by PSC today under a Registration Statement on Form S-4. The preliminary proxy statement-prospectus is available for free in the manner set forth below.

Investors and security holders are advised to read the definitive registration statement and proxy statement-prospectus regarding the merger with PSC when it becomes available, because it will contain important information, including certain changes from the preliminary filings.

Investors and security holders may obtain a free copy of the registration statement and proxy statement-prospectus and other documents filed by PSC and Pennichuck at the SEC's website at www.sec.gov. The proxy statement-prospectus and such other documents may also be obtained from Pennichuck by directing such request to Pennichuck Corporation, 4 Water Street, Nashua, NH 03060 or by calling (603) 882-5191.