Manila Water Lands Calinog Water District Project

Manila Water Company Inc. (PSE: MWC) received a Notice of Award from the Calinog Water District (CWD) for a joint venture for the design, construction, rehabilitation, maintenance, operation, financing, expansion, and management of the water supply system of the CWD in the Municipality of Calinog in the Province of Iloilo.

Upon completion of conditions precedent specified in the Notice, Manila Water and the CWD shall enter into a joint venture agreement the implementation of the joint venture activity of which shall be undertaken by Aqua Centro MWPV Corp., a wholly-owned subsidiary of Manila Water through Manila Water Philippine Ventures Inc. (MWPV). MWPV is likewise a wholly-owned subsidiary of Manila Water.