SJW Group Dividend Growth and Capital Expenditure Plan

SJW Group Our Success Builds On... Shareholders Leverage regulatory compact Infrastructure investment and earning a return "of and on" investments Focus on core water and wastewater Maintain constructive regulatory relationships Deliver growth that adds shareholder value Customers/Communities Provide high-quality water while supporting conservation High level of community engagement Deliver world-class service Customer financial assistance programs Be a positive force in the community Environment Sustainability is at the core of our business Passionate about stewardship and the value of water Protect and manage water and watershed for the future Use available rate-making tools to encourage conservation Employees Passionate employees delivering a life- sustaining service Values-based, team-oriented approach Healthy, safe and secure workplace Invest in education and leadership development for our water professionals

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