Announcement of STID Proposal

Affinity Water Finance (2004) PLC

(the "Company")

£250 million of 5.875% guaranteed notes due 2026

issued by the Company and guaranteed by Affinity Water Limited ("Affinity Water")

22 May 2015

STID Proposal to Introduce Additional Financial Covenants

Affinity Water Finance (2004) PLC announces that Affinity Water Limited, as Transaction Agent, has submitted a STID Proposal to the Security Trustee regarding the introduction of Additional Financial Covenants to the Finance Documents. This follows a change in the regulation of the water and sewerage industry in England and Wales as a result of Ofwat's Periodic Review in respect of the period commencing 1 April 2015.

The documents relating to this will be available shortly on Affinity Water's website www.affinitywater.co.uk/investor-relations.aspx 

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 Finance (2004) PLC

Tamblin Way

Hatfield

Hertfordshire

AL10 9EZ

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