Investor Info 2003

For Immediate Release:
August 5, 2003

Contact: Dr. John R. Kreick, Chairman
               Charles J. Staab, VP, Treasurer and Chief Financial Officer
Phone: 603-882-5191
Fax: 603-882-4125

Pennichuck Corporation Announces 
Third Quarter 2003 Common Dividend

Dr. John R. Kreick, Chairman of  Pennichuck Corporation, announced today that the Company's Board of Directors recently declared a quarterly dividend of $.215 per share payable on September 2, 2003 to shareholders of record as of August 15, 2003. This quarterly dividend results in an annualized dividend rate of $.86 per common share. Dr. Kreick also noted that the Company’s next dividend reinvestment date under the Company’s Common Stock Purchase and Dividend Reinvestment Plan is September 2, 2003. Shareholders wishing to purchase additional shares under that plan should ensure that their payment is received by the Company’s transfer agent no later than August 27, 2003.

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”.