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Investor Presentaiton

The Proposal Timeline The timeline for voting is 21 calendar days Launch Date 15 Nov-18 Proposals publicly announced ⚫STID Voting Request issued 21 calendar days Affinity Water Expiration Time / STID Voting Deadline 4pm 6 Dec-18 • Final deadline for submission of votes via Clearing Systems Exp. 5 business days, Exp. fee payment date & execution ⚫ Payment of fee to bondholders that voted (subject to conditions) • Execution of Master Implementation Deed and commencement of steps outlined in STID Proposal 15 calendar days to Fee Instruction Deadline Voting on the STID Proposal will conclude at the earlier of: The STID Voting Deadline When 50% or more of the principal outstanding of Qualifying Class A Creditors have voted in favour As Class B Creditors (including Class B Bondholders and Class B Private Placements) do not form part of the Class A DIG these creditors will not be able to vote in the above process ⚫ Deadline by which votes must have been received to be eligible for the Work Fee 4pm 30 Nov-18 Fee Instruction Deadline Expected results of STID Proposal announced (provided STID Proposal quorum achieved) 7 Dec-18 Exp. results of STID Proposal Actual implementation of the steps outlined in the STID Proposal may take several months following the conclusion of the consent process On submitting an Electronic Voting Instruction, bonds will be blocked in the relevant account in the Clearing System until the conclusion of the consent process and subsequent announcement of results (unless the offer is terminated) 13
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