Thames Water Utilities Limited

31 January 2025

Liquidity Extension Update - Sanction Hearing

Thames Water Utilities Limited ("TWUL") confirms details of the sanction hearing (the "Sanction Hearing") in relation to the restructuring plan proposed by Thames Water Utilities Holdings Limited (the "Plan Company") pursuant to Part 26A of the Companies Act 2006 (the "Plan") in connection with implementing the liquidity extension transaction.

Details of the Sanction Hearing are as follows:

Start Date: 3 February 2025

Time: 10:00 am (London time)

Location: 7 Rolls Buildings, Fetter Lane, London EC4A 1NL

The Sanction Hearing is scheduled to start on 3 February 2025 and is anticipated to run to 6 February 2025, although the Sanction Hearing may be extended in the event that the Court considers an extension to the Sanction Hearing timetable to be necessary.

At the Sanction Hearing, the Court will consider whether to grant an order to sanction the Plan.

Julian Gething, TWUL's Chief Restructuring Officer said, "Our plan remains the only implementable solution to putting the business on a firmer financial footing.  Its approval will not affect customer bills but will unlock billions of pounds for investment in our network, fixing pipes, upgrading our sewage treatment works and maintaining high-quality drinking water."

The creditors affected by the Plan ("Plan Creditors") have the right to attend in person or through counsel and make representations at the Sanction Hearing.

The time of the Sanction Hearing will also be posted on the Plan website (https://deals.is.kroll.com/thameswater).

Plan Creditors should contact the Information Agent appointed for the Plan at thameswater@is.kroll.com with any questions on this notice.

For further information

Investor enquiries

Frederick Maroudas - Director of Corporate Finance
debt.investorrelations@thameswater.co.uk

Media enquiries

Simon Haynes - Media Relations Manager
simon.haynes@thameswater.co.uk
M:  07747644910

Alex Simmons
thameswater@edelmansmithfield.com