SJW Group Dividend Growth and Capital Expenditure Plan

SJW Group Stable and Consistent Dividend Growth • 5.9% Increase in Annual Dividend over 2021 • $1.44 per Share (Annual) • Continuously Paid Dividends for More Than 78 years • Annual Dividend Increase for 54 Consecutive Years Dividends 2017 - 2022 CAGR 10.1% $1.44 $1.36 $1.28 $1.20 $1.12 $1.04 2017 2018 2019 2020 2021 2022 budgeted 18

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