Thames Water’s corporate structure

Holding company

Financing company

Regulated water company

Shareholders

Thames Water is owned by nine external shareholders including pension and investment funds in Canada, Abu Dhabi and China

Kemble Water Holdings Ltd

100% ownership

Kemble Water Eurobond Plc

100%

Kemble Water Finance Ltd

100%

100%

Thames Water (Kemble)

Finance plc

Thames Water Ltd

100%

Thames Water Utilities

Holdings Ltd

100%

Thames Water Utilities Ltd

100%

Thames Water Utilities

Finance plc

Securitised ringfenced group ‘Thames Water Utilities Financing Group’

Holding company

Financing company

Regulated water company

Thames Water is owned by nine external shareholders including pension and investment funds in Canada, Abu Dhabi and China

Shareholders

Kemble Water Holdings Ltd

100% ownership

Kemble Water Eurobond Plc

100%

Kemble Water Finance Ltd

100%

100%

Thames Water (Kemble)

Finance plc

Thames Water Ltd

100%

Thames Water Utilities

Holdings Ltd

100%

Securitised ringfenced group

‘Thames Water Utilities

Financing Group’

Thames Water Utilities Ltd

100%

Thames Water Utilities

Finance plc

Holding company

Financing company

Regulated water company

Thames Water is owned by nine external

shareholders including pension and investment

funds in Canada, Abu Dhabi and China

Shareholders

Kemble Water Holdings Ltd

100% ownership

Kemble Water Eurobond Plc

100%

Kemble Water Finance Ltd

100%

100%

Thames Water (Kemble) Finance plc

Thames Water Ltd

100%

Thames Water Utilities Holdings Ltd

100%

Securitised ringfenced group ‘Thames

Water Utilities Financing Group’

Thames Water Utilities Ltd

100%

Thames Water Utilities Finance plc

Holding company

Financing company

Regulated water company

Thames Water is owned by nine external shareholders including pension and investment funds in Canada, Abu Dhabi and China

Shareholders

Kemble Water Holdings Ltd

100% ownership

Kemble Water Eurobond Plc

100%

Kemble Water Finance Ltd

100%

100%

Thames Water (Kemble)

Finance plc

Thames Water Ltd

100%

Thames Water Utilities

Holdings Ltd

100%

Securitised ringfenced group ‘Thames Water Utilities Financing Group’

Thames Water Utilities Ltd

100%

Thames Water Utilities

Finance plc