Credit Investor Presentation

Tallinn JV Recycling capital Renewable Energy Sold for cash consideration of €100m _ Profit on disposal of £37m Proceeds reduce net debt by £85m and gearing by c0.7% Maximised opportunities to date to achieve carbon targets Continued support of decarbonisation with power agreements through to 2045 Looking to recycle investment. to help deliver plans to achieve net zero United Utilities • Credit Investor presentation • 76

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