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Anglian Water Services Financing Plc - Notice of Approval of Written Resolution

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THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014, AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019 (SI 2019/310) (“MAR”), AS IT FORMS PART OF UK DOMESTIC LAW (“UK MAR”) BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, ENCOMPASSING INFORMATION RELATING TO THE WRITTEN RESOLUTION DESCRIBED BELOW.

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF BONDHOLDERS. IF BONDHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE IMMEDIATELY, INCLUDING IN RESPECT OF ANY TAX CONSEQUENCES, FROM THEIR INDEPENDENT LEGAL, REGULATORY, TAX, BUSINESS, INVESTMENT, ACCOUNTING AND/OR FINANCIAL ADVISERS OR OTHER ADVISER AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000, AS AMENDED (IF IN THE UNITED KINGDOM) OR FROM ANOTHER APPROPRIATELY AUTHORISED INDEPENDENT FINANCIAL ADVISER AND SUCH OTHER PROFESSIONAL ADVICE FROM ITS OWN PROFESSIONAL ADVISERS AS IT DEEMS NECESSARY.

22 December 2021

ANGLIAN WATER SERVICES FINANCING PLC

(incorporated with limited liability under the laws of England and Wales under registered number 4330322)
(Legal Entity Identifier: 213800DL377MH46PDY63)
(the “Issuer”)

Notice of Approval of Written Resolution

of the holders of the

£35,000,000 Class A Unwrapped Floating Rate Bonds due 2031 (ISIN: GB00BYP7VR76) (the “Bonds”) unconditionally and irrevocably guaranteed by, inter alios, Anglian Water Services Limited
under the €10,000,000,000 Global Secured Medium Term Note Programme

of the Issuer presently outstanding.

On 22 December 2021, the Issuer circulated a written resolution (the “Written Resolution”) to holders of the Bonds (the “Bondholders”) to assent to the modification of the terms and conditions of the Bonds (the “Conditions”), as set out in Schedule 1 to the Trust Deed, as completed by the Final Terms applicable to the Bonds dated 8 March 2016, and to consequential or related amendments to the Trust Deed and Final Terms for the Bonds, such that:

  1. for the purposes of any Interest Period beginning on or after 27 December 2021, the Rate of Interest for such Interest Period shall be the aggregate of (i) Compounded Daily SONIA, plus (ii) the applicable Margin, plus (iii) 0.116 per cent, being an adjustment spread; and

  2. new fallbacks shall be included in case the applicable SONIA reference rate is not available when required (including fallback provisions in case a Benchmark Event occurs with respect to SONIA),

all as more fully set out and (where applicable) defined in the Supplemental Trust Deed and/or the Amended and Restated Final Terms (together, the “Modifications”).

Capitalised terms used but not defined in this notice of approval of written resolution shall have the meanings given to them in the Written Resolution.

Approval of the Written Resolution

Notice is hereby given to Bondholders that the Written Resolution was duly passed. Therefore, the Supplemental Trust Deed, Amended and Restated Final Terms and the Permitted Non-Core Document Amendment Certificate have been executed by the parties thereto and the Modifications to the Trust Deed have become effective as of 22 December 2021.

DISCLAIMER This announcement must be read in conjunction with the Written Resolution. This announcement and the Written Resolution contain important information which should be read carefully. If any Bondholder is in any doubt about any aspect of these proposals and/or the action it should take, it is recommended to seek its own independent legal, regulatory, tax, business, investment, accounting and/or financial advisers or other adviser authorised under the Financial Services and Markets Act 2000, as amended (if in the United Kingdom) or from another appropriately authorised independent financial adviser and such other professional advice from its own professional advisers as it deems necessary.

General

The release, publication or distribution of this announcement and the Written Resolution in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.

Nothing in this announcement or the Written Resolution constitutes or form part of an offer to sell or the solicitation of an offer to buy or subscribe to any securities, nor shall there be any sale of 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. Neither this announcement nor the Written Resolution is an offer of securities for sale into the United States. None of the Issuers, the Guarantors or the Bond Trustee will incur any liability for its own failure or the failure of any other person or persons to comply with the provisions of any such restrictions.

Each Bondholder is solely responsible for making its own independent appraisal of all matters as such Bondholder deems appropriate (including those relating to the Written Resolution).

ISSUER

Anglian Water Services Financing Plc

Lancaster House, Lancaster Way,
Ermine Business Park, Huntingdon,
Cambridgeshire, PE26 6XU

Tel: +44 (0) 14 8032 3000
Fax: +44 (0) 14 8032 3540
Email: Treasurer@anglianwater.co.uk
Attention: The Treasurer

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