South East Water equity injection

South East Water is pleased to announce that our shareholders have entered into unconditional contracts to subscribe for £200 million of new equity into South East Water Limited by no later than the 31st May 2025. This equity injection will reduce our gearing to below 65%, further reinforcing the financial stability of the company.

This upcoming investment follows a previous £75 million equity injection made in December 2024, underscoring our shareholders' continued commitment to supporting the financial resilience of South East Water.

The investment by shareholders in the company does not alter our conclusion, as set out in our Statement of Case presented to the Competition and Markets Authority, that we do not consider that the AMP8 Final Determination provides the right foundations for the long-term investability of the water sector.

ENDS

Financial enquiries: James Grant, South East Water ([email protected])