BIRMINGHAM (dpa-AFX) - Severn Trent Plc (SVT.L), on Wednesday, issued
trading update for the period to 13 February 2024 and reported robust financial
performance in line with expectations.

The company confidently stated that it will retain four star status in the
Environment Agency's annual Environmental Performance Assessment for a
sector-leading fifth consecutive year. Four star status is the highest rating
achievable, and includes zero serious pollution incidents in the year.

Severn Trent continues to guide to at least £50 million in ODI rewards this
year, despite having experienced ten named storms since September, contributing
to the last six months of 2023 being the third wettest for England on record.
This would take the company's total cumulative rewards across the first four
years of AMP7 to over £250 million, and reflects the c. £3 billion of capital
investment it has made during that period to improve service for its customers
and add further resilience to its network.

Further, the company's focus remains on both enhancing its service for customers
and also providing support for those who are struggling to pay. To that end, the
company is now supporting around 250,000 of its most vulnerable customers
through a range of measures, including bill reductions.

The company noted that it is on track to support 315,000 by the end of the AMP
in 2025, and are planning to double the number of customers it offer financial
support to in AMP8.



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