Directorate Change

Affinity Water Programme Finance Limited

(the "Company")

Affinity Water Limited

("Affinity Water")

£80 million of 3.625% Sterling Denominated Fixed Rate Bonds due 2022£250 million of 4.5% Sterling Denominated Fixed Rate Bonds due 2036£150 million of 1.548% Sterling Denominated Retail Price Index-Linked Bonds due 2045

issued by the Company and guaranteed by Affinity Water Limited

22 December 2014

Affinity Water announces new Chief Executive Officer

The Company today announces the appointment of Simon Cocks as the Chief Executive Officer of Affinity Water Limited. He will also be appointed a Director of the Company.

He succeeds Richard Bienfait, who is standing down as CEO on 31 December 2014. Simon joins the business from Severn Trent Water Services where he is Managing Director of Wholesale Operations. He is expected to take up his role by the end of May 2015. In the interim, Affinity Water's Chairman, Phil Nolan, will act as Executive Chairman and lead the Executive team.

Phil Nolan said, "I am pleased to announce that Simon Cocks is joining Affinity Water as CEO. The Board is looking forward to working with him. He has extensive cross sector experience and a strong track record in leadership roles in utilities which will help us make the most of the opportunities ahead and deliver against our Business Plan commitments."

Simon Cocks said "I am delighted to be joining the team at Affinity Water. It is an exciting time for the water industry and Affinity Water has done an exceptional job in delivering an Enhanced Business Plan and building an industry leading position. I am really looking forward to leading the team to secure the successful delivery of the AMP6 Business Plan." 

For further information, please visit https://stakeholder.affinitywater.co.uk/investor-relations.aspx or contact:

[email protected] or

[email protected]

Tim Monod, Company Secretary

Affinity Water Programme Finance Limited

Tamblin Way

Hatfield

Hertfordshire

AL10 9EZ

Phone: +44 1707277196

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