• Duxton Water to sell 30,614 megalitres of water entitlements to Australian Government
• Sale includes high security and general security water entitlements across several regions
• Sale proceeds of $121.3 million expected to be received upon settlement

Duxton Water Limited has entered into a sale agreement with the Australian Federal Government to sell 30,614.7 megalitres of water entitlements for approximately $121.3 million. The sale includes 3,010 megalitres of High Security permanent water entitlements in NSW, 13,114 megalitres of High Reliability permanent water entitlements in Victoria, and 14,491 megalitres of General Security permanent water entitlements in NSW. This strategic sale aligns with the Company's commitment to sustainable water management and supports the Federal Government's efforts to deliver a healthy, sustainable river system for future generations. The sale proceeds will be used to settle recent water entitlement acquisitions totaling $19 million and to reduce the Company's debt facility. After completing this transaction and settling the recent acquisitions, Duxton Water's entitlement portfolio is expected to total 60.9 gigalitres, with an estimated value of approximately $294.4 million based on 31 January 2025 valuations.

The sale proceeds of approximately $121.3 million are expected to be received upon settlement, which is subject to receipt of the required water authority approvals for the transfers.