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Welsh Water Utilities Finance PLC

22 November 2010

22 November 2010

Appointment of new director

Glas Cymru, the not-for-profit owner of Dwr Cymru Welsh Water, the water company serving Wales, announces that Menna Richards is today joining the Board of Glas Cymru Cyfyngedig and Dwr Cymru Cyfyngedig as a non-executive director.

Menna has been a leading figure in broadcasting in Wales for more than 20 years. For the last ten years she has led BBC Cymru Wales, first as Controller, now as Director. Under her leadership Wales has become home to some of the BBC's great television successes of recent years including Doctor Who, Torchwood, Sherlock and Last Chance To See. The creative transformation overseen by Menna includes the opening of BBC Hoddinott Hall, a new home for the BBC National Orchestra of Wales and next summer will see the opening of a new drama production centre in Cardiff Bay.

Menna will step down from the BBC in February 2011. During her career she has been involved with a number of bodies including as chairman of the Board of Governors of the Royal Welsh College of Music and Drama and as a Board member of the Cardiff Bay Development Corporation. She recently joined the board of Welsh National Opera.

Menna was awarded the OBE in 2010 for services to broadcasting.

Menna said: "I'm delighted to be joining the board of Glas Cymru. I've long admired the work they do and as an organisation it embodies many of the things I believe in passionately, including a commitment to provide a first class public service to the people of Wales."

Robert Ayling, Chairman of Glas Cymru, said: "Menna brings to our Board a wealth of experience in running organisations where customer service is paramount. She has a very strong track record in managing complex businesses and in leading organisational change, something particularly important for Dwr Cymru as we continue to transform the business. Menna also brings a deep understanding and appreciation of Wales, which is essential given the importance of the public service Dwr Cymru delivers to the customers and communities we serve."

Menna will be a member of the Audit and Nomination Committees of the Board and will also represent the Board on the independent Membership Selection Panel, which recommends individuals for appointment as Members of Glas Cymru. She will stand for election as a Director at the 2011 Annual General Meeting of Glas Cymru.

END

Enquiries to the Glas Cymru / Dwr Cymru Welsh Water media office 029 2055 6140

Note for editors:

Supplementary information:

1. Glas Cymru was formed in April 2000 for the sole purpose of acquiring Welsh Water. It is a 'company limited by guarantee' registered under the Companies Act 2006. Glas Cymru has no shareholders. Instead, Members carry out an important corporate governance role but they do not receive dividends nor do they have any other financial interest in the company. This corporate structure ensures that all financial surpluses generated are retained and reinvested for the benefit of Welsh Water and its customers.

2. Glas Cymru's constitution strictly limits its purpose to that of financing water assets in Welsh Water's area of appointment and managing Welsh Water's business so that high quality water and sewerage services are delivered at least cost to the communities served by Welsh Water. Glas Cymru cannot diversify into other unrelated commercial activities.

3. The Board of Directors is chaired by Robert Ayling and comprises thee executive directors (Nigel Annett, Chris Jones and Peter Perry) and five non-executive directors (John Bryant, Geraint Talfan Davies, Tony Hobson Stephen Palmer and James Strachan). Details of all Directors can be obtained from the company's website: http://www.dwrcymru.com/English/Company/Glascymru/Directors/index.asp

This information is provided by RNS

The company news service from the London Stock Exchange

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