Investor Info 2001

For Immediate Release:
January 12, 2001

Contact: Maurice L. Arel, President and Chief Executive Officer
               Charles J. Staab, VP, Treasurer and Chief Financial Officer
Phone: 603-882-5191
Fax: 603-882-4125

Pennichuck Corporation Announces 
First Quarter 2001 Common Dividend

Maurice L. Arel, President and Chief Executive Officer of Pennichuck Corporation, announced today that the Company's Board of Directors recently declared a quarterly dividend of $.25 per share payable on February 15, 2001 to shareholders of record as of February 1, 2001. Mr. Arel noted that this quarterly dividend remained unchanged from the previous quarter and that the Company's annualized dividend rate is currently $1.00 per share.

Pennichuck Corporation, a New Hampshire corporation, is a holding company whose operating subsidiaries are involved in diversified activities such as water supply and distribution, operations and maintenance contracts, laboratory testing and real estate development and management. Pennichuck is traded on the Nasdaq National Market System under the symbol “PNNW”.