Notice of availability of annual financial statements : BIUMWA Umgeni Water Registration number: 1997/007707/07 JSE Alpha code: BIUMWA NOTICE OF AVAILABILITY OF ANNUAL FINANCIAL STATEMENTS Umgeni Water hereby notifies its debt investors that it has publicly released its audited annual financial statements (“AFS”) for the year ended 30 June 2018 and that the audit report relating to the AFS is unqualified. Stakeholders are referred to the Report of the Auditor-General as well as note 32 of the AFS which refers to an emphasis of matter relating to a process of establishing a single water board in Kwa-Zulu Natal. This process has previously been announced on 15 November 2017 and was initially envisaged to be concluded during the 2016/2017 financial year, however due to a number of strategic steps that needed to be taken to inform the final decision making process (which includes parliamentary processes, legislative processes and financial commitments confirmed for National Treasury) this was not achieved. With the changes in the National Executive, the new Minister of Water and Sanitation has resolved not to go ahead with this process and a court order has been issued to this effect. The accounting authority believes that the new executive authority’s decision positions the entity in a clear and positive going concern position for the 2017/2018 financial year and going forward and removes the uncertainties that would have prevailed due to the envisaged merger. The Auditor-General’s opinion has not been modified as a result of the emphasis of matter. The AFS are available on the Umgeni Water website at http://www.umgeni.co.za/governance/ar.asp and for inspection at Umgeni Water’s registered office at 310 Burger Street, Pietermaritzburg, 3201, South Africa. 14 December 2018 Enquiries: N Xaba at 033 3411057/1058 Email lungi.xaba@umgeni.co.za Debt Sponsor Nedbank Corporate and Investment Banking Date: 14/12/2018 04:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.