FRN Variable Rate Fix

Re: BRISTOL WATER

GBP 40,000,000.00

MATURING: 25-Mar-2041

ISIN: XS0609003701

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 25-Sep-2018 TO 25-Mar-2019

HAS BEEN FIXED AT 3.35 PCT

DAY BASIS: ACTUAL/ACTUAL(ISMA)

INTEREST PAYABLE VALUE 25-Mar-2019 WILL AMOUNT TO:

GBP 16.73 PER GBP 1,000.00 DENOMINATION

Citibank