December 3, 2020

Securities and Exchange Commission

Secretariat Building, PICC Complex, Roxas Boulevard, Pasay City, Philippines

Attention : Mr. Vicente Graciano P. Felizmenio, Jr.

Director, Markets and Securities Regulation Department

Philippine Stock Exchange, Inc.

PSE Tower, 5th Avenue corner 28th Street, Bonifacio Global City, Taguig City, Philippines

Attention : Ms. Janet A. Encarnacion

Head, Disclosure Department

Subject : Signing of the Management, Operation and Maintenance Contract with

the National Water Company, Kingdom of Saudi Arabia

Gentlemen :

Please be informed that the Consortium of Saur SAS, Miahona Company, and Manila Water Company, Inc.
(the “Company”) has signed a Management, Operation and Maintenance Contract (“MOMC”) with the
National Water Company (“NWC”), Kingdom of Saudi Arabia for the latter’s North West Cluster. The
MOMC will comprise the management, operations and maintenance of the water and wastewater
facilities of the North West Cluster (Madinah and Tabuk) over a 7-year contract period, which will entail
the implementation of Enabling Projects and deployment of Key Personnel to manage the Cluster and
achieve the Key Performance Indicators target set by the NWC.

Thank you.

Very truly yours,

Gerardo M. Lobo II
Assistant Corporate Secretary