Affinity 5 7/8% Regulatory News (72YE)

Affinity Water Programme Finance Limited

(the "Issuer")

Issue of Sub-Class B1 £10,000,000 1.024 per cent. RPI Linked Guaranteed Bonds due 2033 by Affinity Water Programme Finance Limited and guaranteed by Affinity Water Finance (2004) PLC, Affinity Water Holdings Limited and Affinity Water Limited

19 February 2016

Affinity Water Programme Finance Limited announces that it has completed the issuance of a Class B £10 million 1.024 per cent RPI Linked Guaranteed Bonds due 2033.

The proceeds of the issue will be lent by the Issuer to Affinity Water Limited.

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

investor.relations@affinitywater.co.uk or shaun.kennedy@affinitywater.co.uk

Shaun Kennedy, Treasurer

Affinity Water Programme Finance Limited

Tamblin Way

Hatfield

Hertfordshire

AL10 9EZ

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