Disclaimer

Please read the following information carefully. The admission document set out in the following website pages (the “Admission Document”) is communicated by Modern Water PLC (“Modern Water” or the “Company”) in accordance with the following terms and conditions. By accessing any part of this Admission Document, you will be deemed to have accepted the terms and conditions in this disclaimer in full.

The distribution of this Admission Document outside the UK may be restricted by law and therefore persons outside the UK into whose possession this Admission Document comes should inform themselves about and observe the following restrictions. Failure to comply with these restrictions may constitute a violation of applicable securities laws in such jurisdictions.

UK
This Admission Document was only distributed to and was only directed at: (a) persons who are outside the United Kingdom; or (b) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (c) high net worth companies, unincorporated associations and other bodies falling within Article 49(2)(a) to (d) of the Order and (d) other persons to whom it may lawfully be communicated (all such persons together being referred to as “relevant persons”). The securities were only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise such securities are engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on the Admission Document or any of its content.

European Economic Area
No securities may be offered or sold to the public in any member state of the European Economic Area which has implemented the Prospectus Directive, except (a) to legal entities which are authorised or regulated to operate in financial markets or, if not so authorised or regulated, whose corporate purpose is solely to invest in securities; (b) to any legal entity which has two or more of (i) an average of at least 250 employees during the last financial year; (ii) a total balance sheet of more than €43,000,000; and (iii) an annual net turnover of more then €50,000,000 as shown in its last annual or consolidated accounts; or (c) in any other circumstances which do not require the publication by the Company of a prospectus pursuant to Article 3 of the Prospectus Directive.

United States
These materials in the link below may not be published, distributed or transmitted in or into the United States. These materials do not constitute an offer to sell or the solicitation of an offer to buy the securities discussed therein. The securities mentioned therein have not been, and will not be, registered under the United States Securities Act of 1933 (the "Securities Act") or the laws of any state, and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. There will be no public offering of the securities in the United States.

By clicking on the "I Accept" button below, I/We acknowledge that I/We have read, understood and confirm that I/We agree to the above conditions and further confirm that I/We are not resident in the United States.