Belize Water Services Limited Press Release

BWS to issue Series II Debentures

Belize City, February 13, 2023:

Belize Water Services Limited (BWS) informs interested parties that it will shortly be offering its second Debenture series issue (Series II). BWS is currently completing the third year of its 2020-2025 Full Five-year Business Plan. As approved by the Public Utilities Commission, BWS’ Business Plan has identified the requirement for funds to invest in continued asset expansion and improvement. As a result, the company intends to raise $40 million through this debenture offering. These capital investment projects are needed to meet increasing customer demand and to provide a secured and continuous supply of services by mitigating identified risks, including climate resiliency.

BWS has turned a profit each year, over the last nineteen (19) years of operation, including the last three years of reduced activity due to COVID19. The company is proud to have continued to meet all our financial obligations including debt serving, interest and principal commitments to Series I debentures, and consistent payment of dividends to shareholders.

BWS is in the process of developing a prospectus and appointing a fiscal agent. These debentures will be secured by BWS Indenture on its fixed assets, which are valued at over $260 million . BWS anticipates that the offer will be open to the public within the next few weeks.

BWS has engaged PPF Financial Services Ltd. to provide advisory services and bring the debenture offer to market.

For further information contact:

BWS – invest@bwsl.com.bz

PPF Financial Services – info@ppf.financial

Customers can contact us using any of the following: Toll Free: 0-800-CALL-BWS (0-800-225-5297) or 0-800-BWS-LEAK (0-800-297-5325)

Regular Land Line: +501-222-4757

WhatsApp: +501-614-BWSL (614-2975) or +501-600-5755

Email: customercare@bwsl.com.bz