Investor Info 2002

For Immediate Release:
October 21, 2002

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 
Fourth Quarter 2002 Common Dividend

Maurice L. Arel, President and Chief Executive Officer of Pennichuck Corporation, announced that the Company's Board of Directors recently approved the fourth quarter regular dividend of $.195 per share, payable on December 1, 2002 to shareholders of record on November 15, 2002. This regular quarterly dividend remained unchanged from the previous quarter and the Company's annualized dividend rate is currently $.78 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”.