Half-year Report

Affinity Water Programme Finance Limited

(the "Company")

£14.2 million of 3.625% Sterling Denominated Fixed Rate Bonds due 2022

£10 million of 1.024% Sterling Denominated Retail Price Index-Linked Bonds due 2033£250 million of 4.5% Sterling Denominated Fixed Rate Bonds due 2036£85 million of 3.278% Sterling Denominated Fixed Rate Bonds due 2042£190 million of 1.548% Sterling Denominated Retail Price Index-Linked Bonds due 2045

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

29 November 2016

Unaudited Half-Yearly Financial Report for the Six Month Period Ended 30 September 2016

Affinity Water Programme Finance Limited announces that it has today published its half-yearly financial report for the six month period ended 30 September 2016.

This document, together with Affinity Water's unaudited half-yearly financial report, will be available shortly for inspection on Affinity Water's Investor Relations website https://stakeholder.affinitywater.co.uk/investor-library.aspx and at the National Storage Mechanism located at http://www.morningstar.co.uk/uk/NSM

For further information, please contact:

investor.relations@affinitywater.co.uk 

Shaun Kennedy, Treasurer

Affinity Water Programme Finance Limited

Tamblin Way

Hatfield

Hertfordshire

AL10 9EZ

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