Investor Info 2005

For Immediate Release: June 27, 2005

For More Information, Contact: Donald L. Correll, President and CEO, Pennichuck Corporation
William D. Patterson, VP, Treasurer and Chief Financial Officer

Phone: 603-882-5191
Fax: 603-882-4125

Pennichuck Corporation Increases the Size
of its Proposed Common Stock Offering to 800,000 Shares

(Nashua, NH) - Donald L. Correll, President and Chief Executive Officer of Pennichuck Corporation, announced today that Pennichuck Corporation (Nasdaq: PNNW) has filed an amendment to its registration statement with the U.S. Securities and Exchange Commission for its proposed offering of common stock. The amendment increases to 800,000 from 700,000 the number of shares of common stock in the offering. In addition, the underwriters will have an option to purchase up to an additional 120,000 shares of common stock from Pennichuck Corporation to cover any over-allotments. The book-running manager is Janney Montgomery Scott LLC, and the co-manager is Edward D. Jones & Co., L.P.

Pennichuck Corporation is planning to use the proceeds obtained through the issuance of securities under the registration statement primarily to fund utility capital expenditures and for other general corporate purposes.

The registration statement filed with the SEC has not yet become effective. The shares of common stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Copies of the preliminary prospectus for the offering may be obtained when available from Janney Montgomery Scott LLC, Equity Syndicate Department, Tel: (617) 557-2971.

Pennichuck Corporation is a holding company involved principally in the supply and distribution of potable water in southern and central New Hampshire through its three regulated water utilities. Its non-regulated, water-related activities include operations and maintenance contracts with municipalities and private entities in New Hampshire and Massachusetts. The Company's real estate operations are involved in the ownership, management and development of real estate in the greater Nashua, New Hampshire area.

Contact Info:
Janney Montgomery Scott LLC
Equity Syndicate Department
Tel: (617) 557-2971