AFS.L Regulatory News (AFS)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached:

Amiad Water Systems Ltd

B0P0D83 GB

IL0010943905

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Y

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

N

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

N

An event changing the breakdown of voting rights

N

Other (please specify):

N

3. Full name of person(s) subject to thenotification obligation:

Kleinwort Benson Investors Dublin Ltd. As controller of the voting rights directly or indirectly via a subsidiary.

4. Full name of shareholder(s) (if different from 3.):

Kleinwort Benson Investors Dublin Ltd

KBI Institutional Water Fund

KBI Eco Water Fund

KBI Institutional GESS Fund

OP Clean Water Fund

Kleinwort Benson Investors International Ltd (Subsidiary of Kleinwort Benson Investors Dublin Ltd)

KBI DST Water Fund

Los Angeles Fire & Police System

Painters & Allied Trades District

Park Foundation Inc

Sonen Capital LLC

KBI Water Fund

Virtus Essential Resources Fund

5. Date of the transaction and date onwhich the threshold is crossed orreached:

1st July 2016

6. Date on which issuer notified:

6th July 2016

7. Threshold(s) that is/are crossed orreached:

The position has fallen below 10%.

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

2,381,518

2,381,518

2,242,657

0

2,242,657

0

9.90%

IL0010943905

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

2,242,657

9.90%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

The change in beneficial ownership figure was not as a result of a transaction. OP Clean Water Fund terminated Kleinwort Benson Investors Dublin Ltd as investment manager as of close of business on 30.06.2016. As a result, Kleinwort Benson Investors Dublin Ltd was no longer in control of the shares as of 01.07.2016, but the underlying beneficial holder did not change. The shares were taken off the Kleinwort Benson Investors Dublin Ltd systems on 04.07.2016 and Kleinwort Benson Investors Dublin Ltd became aware that it now controlled less than 10% of the holdings on 05.07.2016.

14. Contact name:

Elaine Staveley

compliance@kbinvestors.com

15. Contact telephone number:

+353 1 438 4492