Publication of Prospectus

Affinity Water Programme Finance Limited

(the "Company")

£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 ("Affinity Water")

1 September 2015

Publication of Prospectus

The following Prospectus has been approved by the UK Listing Authority and is available for viewing:

A prospectus dated 1 September 2015 (the "Prospectus") relating to the £2,500,000,000 multicurrency programme for the issuance of guaranteed bonds, with the Company as the Programme Issuer thereunder and each of, Affinity Water Limited, Affinity Water Holdings Limited and Affinity Water Finance (2004) PLC, as guarantors thereunder.

To view the Prospectus, please use the following link:

https://stakeholder.affinitywater.co.uk/document-centre.aspx

A copy of the above document has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM

For further information, please contact:

[email protected] or [email protected]

Shaun Kennedy, Treasurer

Affinity Water Programme Finance Limited

Tamblin Way

Hatfield

Hertfordshire

AL10 9EZ

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