ANNOUNCEMENT OF THE OUTCOME OF THE SCHEME MEETINGS

SW (FINANCE) I PLC

Released 30 September 2025

SW (Finance) I PLC

30 September 2025

SWS Holdings Limited (the "Scheme Company") announces that the scheme of arrangement proposed under Part 26 of the Companies Act 2006 (the "Scheme") has been approved by a majority in number representing in excess of 75 per cent. in value of the creditors under the Scheme (the "Scheme Creditors") who were present and voting (either in person or by proxy) at each scheme meeting (the "Scheme Meeting"), as ordered by the High Court of Justice of England and Wales (the "Court"), ahead of it being considered by the Court at the sanction hearing scheduled for on or around 9 October 2025.

The Scheme Company's view remains that the Scheme is the only implementable solution to enable the equity investment required to provide stability and certainty in the longer term.

Access to Documents

The Chairperson's report regarding the Scheme Meetings (the "Chairperson's Report") and the notice of the approval of the Scheme by the Scheme Creditors (the "Notice of Approval") have been made available via the Scheme Website at https://deals.is.kroll.com/southernwater.

Creditors should contact the Information Agent at [email protected] with any questions on accessing the Chairperson's Report and Notice of Approval.

For further information, please contact Stuart Ledger (Group CFO) at:

Address:          Southern House, Yeoman Road, Worthing, BN13 3NX, United Kingdom

Tel:                  01903 272 611

Email:              [email protected]

DISCLAIMER - INTENDED ADDRESSEES

This announcement is a communication to the market. Nothing in this announcement constitutes an offer of securities for sale in the United States or any other jurisdiction. This announcement does not constitute a prospectus or a prospectus equivalent document.

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