Investor Info 2004

For Immediate Release:
January 26, 2004

Contact: Donald L. Correll, 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 2004
Common Dividend and Annual Meeting Date

Nashua, NH -- Donald L. Correll, President and Chief Executive Officer of Pennichuck Corporation, announced that the Company's Board of Directors recently declared its first quarter regular dividend of $.215 per share, payable on March 1, 2004 to shareholders of record on February 13, 2004. The amount of the quarterly dividend remained unchanged from the previous quarter and the Company's annualized dividend rate is currently $.86 per share.

Mr. Correll also stated that the Company’s annual meeting of shareholders will be held at 3:00 pm on Friday, April 23, 2004 at the Nashua Marriott Hotel. The Board of Directors has fixed the close of business on March 12, 2004 as the record date for the determination of shareholders entitled to notice of, and to vote at, the annual meeting.

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, and real estate development and management. Pennichuck is traded on the Nasdaq National Market System under the symbol “PNNW”.