SJW Group Dividend Growth and Capital Expenditure Plan

SJW Group Recent SJWTX Regulatory Activity Increase in Canyon Lake Service Area Water Pass-Through Charge Effective March 1, 2022 - $413,000 annualized revenue increase SJWTX Now Serves 25,000 Water and wastewater connections Between Austin and San Antonio - Customer base has more than tripled over 15 years SJJJTX Texas had the highest population growth of any state in the U.S. 2020 Census SJWTX serves three of the five fastest-growing counties in the nation1 in the San Antonio - Austin corridor - Serves about 72,000 people - Diverse portfolio of water supplies - Growing wastewater business Organic growth and acquisitions 1 Source: U.S. Census Bureau population growth in counties with a population of at least 10,000, 2010-2019 Ker Bandera Travis Gillespie Blanco Austin Kendall Bexar San Antonio Medina Comal Mays Caldwell Guadalupe Gonzales Bas 15

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