Completion of additional equity transactions
WALES & WEST UTILITIES FINANCE PLC
(incorporated with limited liability in England & Wales with registered number 6766848)
ANNOUNCEMENT OF COMPLETION OF ADDITIONAL EQUITY TRANSACTION
15 November 2023
Wales & West Utilities Finance plc (the "Company") announces that, following the successful closing of the inaugural private placement issuance by West & Western Midco Finance plc as announced on 3 November 2023, £197 million as additional equity has been down streamed to Wales & West Utilities Limited ("WWU"). This is in addition to (i) £759 million of equity received by WWU to replace an equivalent amount repaid to certain loan note holders affiliated with its indirect shareholders, as announced on 26 September 2023; and (ii) £147 million of additional equity received by WWU as announced on 9 October 2023.
Investor Relations
Ian T. Weldon, Head of Treasury
Wales & West Utilities Limited
Wales & West House
Spooner Close
Celtic Springs
Coedkernew
Newport NP10 8FZ
Email: ian.weldon@wwutilities.co.uk
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