The information to which this link gives access does not constitute an offer, or solicitation to purchase or subscribe for, any securities in the United States, Australia, Canada, Japan or South Africa or in any other jurisdiction in which such offer or invitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation. The information to which this gatepost gives access is not for publication, release or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Japan or South Africa or any other state or jurisdiction in which publication, release or distribution would be unlawful. Potential users of this information are requested to inform themselves about and to observe any such restrictions.

Pennon Group Plc's securities cannot be offered or sold in the United States without registration under the United States Securities Act of 1933, as amended, or pursuant to an exemption from, or in a transaction not subject to, such registration. Pennon Group Plc has not registered, and does not intend to register, any of its securities under the Securities Act or to conduct a public offering of securities in the United States, Australia, Canada, Japan or South Africa.

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