How do I calculate my entitlement to B Shares, United Utilities Group Ordinary Shares and cash?
To calculate your entitlements under the Proposals: • the number of B Shares you will receive will be the number of United Utilities Shares you hold on the Scheme Record Date (6:00 p.m. on 25 July 2008); • the number of United Utilities Group Ordinary Shares you will receive is the number of United Utilities Shares you hold on the Scheme Record Date, divided by 22 then multiplied by 17; and • you will not receive fractions of an United Utilities Group Ordinary Share, fractions will be aggregated and sold on your behalf and you will receive the cash proceeds. So, for example, a shareholder who holds 105 United Utilities Shares on the Scheme Record Date will receive: • 105 B shares: 1 for every United Utilities Shares held on the Scheme Record Date; • 81 United Utilities Group Ordinary Shares (this is calculated by dividing the number of United Utilities Shares held by 22 then multiplying by 17) and, as no fractions of shares can be issued, the shareholder will also receive: • cash in re
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