Investor Presentaiton
Steps for Implementation
Affinity Water
The steps outlined in the STID Proposal for implementing the Proposals are summarised below
Please note: subject to the outcome of the consent process, the following steps may be partially implemented, may not
be implemented or may be implemented in a different order from that outlined below
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Incorporation of NewCo outside the Financing Group as a direct wholly owned subsidiary of one of AW's non
ring fenced companies
Transfer of shares in NewCo to AWL to bring NewCo into the Financing Group
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Transfer of assets and liabilities from Cayco to NewCo
4
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NewCo assumes all rights and obligations of Cayco under the Transaction Documents
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NewCo grants replacement security equivalent to the Security granted by Cayco
All Guarantors of Cayco confirm Guarantees remain in effect and apply to the secured obligations / liabilities
6 of NewCo - NewCo also replaces Cayco as Guarantor for obligations / liabilities guaranteed by Cayco
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Following transfer of assets / liabilities, the entire share capital of Cayco is transferred to another AW group
company, outside the Financing Group, where Cayco will be liquidated
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