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American Water Files Registration Statement for Follow-on Offering

American Water (NYSE: AWK) today announced it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) relating to a proposed follow-on public offering of its common stock. The proposed offering would include a $300 million (and up to an additional $90 million in connection with the underwriters’ option to purchase additional shares) secondary offering by the selling stockholder, a subsidiary of RWE AG, with proceeds going to RWE and concurrently, a $300 million primary offering by American Water Works Company, Inc will occur with proceeds used to redeem short-term debt.

Merrill Lynch & Co., Citi, and Goldman, Sachs & Co. will act as joint book-running managers of the proposed offering.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Copies of the American Water prospectus, when available, may be obtained from Merrill Lynch & Co., 4 World Financial Center, New York, NY 10080, Attention: Prospectus Department (Tel: 866-500-5408); Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 (Tel: 718-765-6732; Fax: 718-765-6734); or Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004, Attention: Prospectus Department (Tel: 212-902-1171).

About American Water

Founded in 1886, American Water is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs approximately 7,000 dedicated professionals who provide drinking water, wastewater and other related services to approximately 15 million people in 32 states and Ontario, Canada.

Contacts:

American Water
Maureen Duffy, 856-309-4546
maureen.duffy@amwater.com

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