United Utilities : Major shareholding in company – Lazard Asset Management LLC, 30 August 2019

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer andto the FCA in Microsoft Word format if possible)i

1a. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are at-	United Utilities Group PLC
tachedii:
1b. Please indicate if the issuer is a non-UK issuer	(please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights		X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name	Lazard Asset Management LLC
City and country of registered office (if applicable)	New York, United States of America
4. Full name of shareholder(s) (if different from 3.)v
	Bank of New York, Inc. - Dir Personal
	Bank of New York, Inc. - Global Custody
	Chase Manhattan Bank, N.A.
	Citibank, N.A. Hong Kong - ETC
	J.P. Morgan Chase - SWIFT
	NOMURA
Name	Norther Trust Co
	RBC Dexia Investor Service Bank
	State Street Bank - Australia Limited
	State Street Bank - Custodian - ETC
	State Street Bank- Master Tr - ETC
	State Street Bank-Custody Master Trust
	Sumitomo Trust & Banking Co.
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or	29 August 2019
reachedvi:
6. Date on which issuer notified (DD/MM/YYYY):	30/08/2019
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7. Total positions of person(s) subject to the notification obligation

	% of voting rights at-	% of voting rights		Total number of
	through financial instru-	Total of both in %
	tached to shares (to-	voting rights of is-
	ments	(8.A + 8.B)
	tal of 8. A)	suervii
	(total of 8.B 1 + 8.B 2)
Resulting situation
on the date on which	10.033%	N/A	10.033%	681,888,000
threshold was
crossed or reached
Position of previous	8.033%	N/A	8.033%
notification (if
applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of	Number of voting rightsix	% of voting rights
shares
ISIN code (if possible)	Direct	Indirect	Direct	Indirect
	(Art 9 of Directive	(Art 10 of Directive	(Art 9 of Directive	(Art 10 of Directive
	2004/109/EC) (DTR5.1)	2004/109/EC)	2004/109/EC) (DTR5.1)	2004/109/EC)
		(DTR5.2.1)		(DTR5.2.1)
GB00B39J2M42		68,415,325		10.033%

SUBTOTAL 8. A

68,415,325

10.033%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

		Exercise/	Number of voting rights
Type of financial in-	Expiration	that may be acquired if	% of voting rights
strument	datex	Conversion Periodxi	the instrument is
			exercised/converted.

SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

2

Type of financial	Expiration	Exercise/	Physical or	Number of
Conversion Pe-	cash	% of voting rights
	x	voting rights
instrument	date	riod xi	settlementxii

SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

Fullchain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv X (please add additional rows as necessary)

	% of voting rights if	% of voting rights	Total of both if it
	through financial in-
	it equals or is higher	equals or is higher
Namexv	struments if it equals
	than the notifiable	or is higher than the	than the notifiable
	threshold	threshold
	notifiable threshold
Lazard Asset Management	8.033%		10.033%
LLC

10. In case of proxy voting, please identify:

Name of the proxy holder	N/A
The number and % of voting rights held
The date until which the voting rights will be held

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11. Additional informationxvi

Contact name: Legal & Compliance Department

Contact telephone number: 0207 448 2069

Place of completion	Lazard Asset Management Limited
Date of completion	30/08/2019

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