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Pennon Group Plc’s securities cannot be offered or sold in the United States without registration under the United States Securities Act of 1933, as amended, or pursuant to an exemption from, or in a transaction not subject to, such registration. Pennon Group Plc has not registered, and does not intend to register, any of its securities under the Securities Act or to conduct a public offering of securities in the United States, Australia, Canada, Japan or South Africa.