Pennon increases its 2016 full year dividend by 5.6%

DividendMax Ltd.

Pennon increases its 2016 full year dividend by 5.6%

Financial Highlights

2015/16 results in-line with management expectations

Profit Before Tax consistent with 2014/15 following South West Water revenue reset, but reflecting +44.9% growth in Energy Recovery Facilities (ERFs) EBITDA

Return on Regulated Equity at 11.7%, unique WaterShare mechanism benefiting customers

Sustainable, low cost funding position underpinning capital investment

Dividend per share +5.6% to 33.58p

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