Investor Info 2001

For Immediate Release:
October 9, 2001

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

Pennichuck Corporation Announces Fourth 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 $.26 per share payable on November 15, 2001 to shareholders of record as of November 1, 2001. This quarterly dividend represents a $.01 per share increase, or 4 percent,  over the previous quarter and the Company's annualized dividend rate is currently $1.04 per share. Mr. Arel also noted that the Company’s next dividend reinvestment date under the Company’s Common Stock Purchase and Dividend Reinvestment Plan is November 15, 2001. Any shareholders wishing to purchase additional shares under that plan should ensure that their payment is received by the Company’s transfer agent no sooner than October 22, 2001 and no later than November 9, 2001.

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”.