Transformative Acquisition

SJW Group at a Glance: Quality Long-Term Investment CA TX . CA CT ME SJW Group San Jose Water . Regulated California water utility Serving San Jose and the Silicon Valley Growth supported by robust set of infrastructure replacement opportunities SJWTX (CLWSC) Regulated Texas water utility Located in one of the fastest-growing regions in the U.S. SJW Land Company Non-regulated Tax-advantaged income-producing properties for future disposition as capital needs warrant, currently unlevered Connecticut Water Regulated Connecticut water utility Serves portions of 59 communities that are predominantly suburban and rural 1% of pipe replaced annually through WICA surcharge Maine Water Company Regulated Maine water utility serving 21 cities & towns "Best in Class" WISC infrastructure surcharge High-quality regulated water utilities in economically vibrant regions Constructive regulatory environments supporting infrastructure investments Opportunistic acquisition growth of contiguous systems; new platform potential Sustainable and consistent growth in earnings ✓ Capabilities and resources available to execute strategy 10

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