SJW Group and Connecticut Water Continue to Evaluate Regulatory Approach in Connection with Proposed Merger and Withdraw Connecticut PURA Application

SJW Group (NYSE:SJW) (“SJW Group”) and Connecticut Water Service, Inc. (NASDAQ:CTWS) (“Connecticut Water” or “CTWS”) announced today that they are continuing to evaluate their regulatory approach – including the possibility of submitting a new application to the Connecticut Public Utilities Regulatory Authority (“PURA”) – in connection with their proposed merger. Pending this review, they have withdrawn their current application before PURA.

The SJW Group and Connecticut Water merger agreement remains in effect and the companies remain committed to the merger and to realizing its many stakeholder benefits. The companies are confident that their combination is in the public interest and that they have the technical, financial and managerial suitability to create important benefits, including rate reductions, and unique service and job protections, for Connecticut customers and communities and the employees who serve them.

As the companies evaluate their next steps with the support of regulatory counsel, they will be reviewing past utility transactions in Connecticut that were able to overcome PURA concerns and obtain the necessary regulatory approval. The companies are committed to a timely review of their options, taking all appropriate steps to serve the best interest of their respective stakeholders and shareholders.

About Connecticut Water Service, Inc.

Connecticut Water Service, Inc. is a publicly traded holding company headquartered in Clinton, Connecticut. Connecticut Water Service, Inc. is the parent company of The Connecticut Water Company, The Maine Water Company, The Avon Water Company, and The Heritage Village Water Company. Together, these subsidiaries provide water service to more than 450,000 people in Connecticut and Maine, and wastewater service to more than 10,000 people in Connecticut.

About SJW Group

SJW Group is a publicly traded holding company headquartered in San Jose, California. SJW Group is the parent company of San Jose Water, SJWTX, Inc. and SJW Land Company. Together, San Jose Water and SJWTX, Inc. provide water service to more than one million people in San Jose, California and nearby communities and in Canyon Lake, Texas and the nearby communities. SJW Land Company owns and operates commercial real estate investments.