United Utilities Water plc



RE: United Utilities Water Plc
    GBP 100,000,000.00
    MATURING: 11-Aug-2056
    ISSUE DATE: 11-Aug-2006
    ISIN: XS0263551177

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
11-Aug-2006 TO 11-Feb-2007 HAS BEEN FIXED AT 1.693661 PCT

DAY BASIS 180/360

INTEREST PAYABLE VALUE 11-Feb-2007 WILL AMOUNT TO:
GBP 423.42 PER GBP 50,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881



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