CMA clears acquisition

BRISTOL WATER PLC

7 March 2022

CMA clears acquisition by Pennon Group plc of Bristol Water

The CMA has today accepted the undertakings offered by Pennon Group PLC ("Pennon Group") on 31 December 2021 in lieu of a reference to a Phase 2 merger review.

The CMA has therefore today cleared the acquisition by Pennon Group of 100% of the share capital of Bristol Water Holdings UK Limited and its subsidiaries which includes Bristol Water plc, which completed on 2 June 2021.

Bristol Water plc

For further information contact:

Mel Karam, Chief Executive Officer

Laura Flowerdew, Chief Financial Officer

Bristol Water plc

Tel 0117 953 6470

Or contact:

Bristol Water Corporate Affairs on 0117 953 6470 during office hours or 0800 917 8066 at any time.

About Bristol Water and Pennon Group

Pennon is a UK-focused water infrastructure group, comprising South West Water (incorporating Bournemouth Water), Bristol Water, and Pennon Water Services.

Bristol Water is a regulated water only company supplying drinking water to a population of approximately 1.2 million people in the Bristol region.

South West Water provides water and wastewater service to a population of c.1.8 million in Cornwall, Devon and parts of Dorset and Somerset, and water only services to c.0.5 million in parts of Dorset, Hampshire and Wiltshire.