Source - BUS

FRN Variable Rate Fix

Citibank

Re: United Utilities Water Finance PLC.

GBP 20,000,000.00

MATURING: 02-Oct-2028

ISIN: XS1497735412

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 30-Sep-2018 TO 30-Mar-2019

HAS BEEN FIXED AT .01 PCT

DAY BASIS: ACTUAL/ACTUAL(ISMA)

INTEREST PAYABLE VALUE 30-Mar-2019 WILL AMOUNT TO:

GBP 1,075.10 PER GBP 20,000,000.00 DENOMINATION