Dividend Growth and Regulatory Update

SJW Group Stable and Consistent Dividend Growth Dividends 2017 - 2022 • 5.9% increase in annual dividend over 2021 CAGR 10.1% . $1.44 per share (annual) Continuously paid dividends for more than 78 years • Annual dividend increase for 54 consecutive years $1.44 $1.36 $1.28 $1.20 $1.12 $1.04 2017 2018 2019 2020 2021 2022 budgeted 18

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