United Utilities Water


RE: UNITED UTILITIES WATER PLC
    GBP 50,000,000.00
    MATURING: 19-May-2049
    ISSUE DATE: 19-May-2006
    ISIN: XS0253593726

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
19-Nov-2006 TO 19-May-2007 HAS BEEN FIXED AT 1.858700 PCT

DAY BASIS 180/360

INTEREST PAYABLE VALUE 19-May-2007 WILL AMOUNT TO:
GBP 464.68 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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