Maine Water Company Voluntarily Withdraws its Application for Reorganization in Maine to Align with Regulatory Approach in Connecticut in Connection with Proposed Merger of SJW Group and Connecticut Water

SJW Group (NYSE:SJW) (“SJW Group”) and Connecticut Water Service, Inc. (NASDAQ: CTWS) (“Connecticut Water” or “CTWS”), the parent company of the Maine Water Company (“Maine Water”), announced today, consistent with the companies’ previously announced evaluation of the regulatory approach in Connecticut for the proposed merger of SJW Group and CTWS, that Maine Water voluntarily requested to withdraw its application before the Maine Public Utilities Commission. The companies noted that the withdrawal is without prejudice and they reserve the right to refile their petition.

This aligns the Maine regulatory process with that in Connecticut, where the companies are evaluating their regulatory approach in connection with the proposed merger – including the possibility of submitting a new application to the Connecticut Public Utilities Regulatory Authority (“PURA”). This will ensure that any regulatory filings are consistent in both states and that any commitments made in Connecticut will be appropriately reflected in the Maine proceeding.

Maine Water’s President, Richard Knowlton, commented, “We thank the Commission, the Office of the Public Advocate, and their staff for their flexibility and accommodation in the conduct and scheduling throughout this proceeding. The companies continue to believe the combination is in the public interest, with the potential to provide important and unique benefits for customers, communities and the Maine Water employees who serve those communities. We expect the merger can create efficiencies, generate savings, and bring best practices that will benefit the customers and communities the companies serve.”

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, with the support of regulatory counsel, are reviewing their options and 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.