Consolidated Water Co. Ltd. announces filing for follow-on public offering

Consolidated Water Co. Ltd. has filed with the SEC relating to a proposed public offering of 1.2 million ordinary shares by the company plus 567,662 ordinary shares by a shareholder.


GEORGE TOWN, Cayman Islands, B.W.I., May 2, 2003 -- Consolidated Water Co. Ltd. announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of 1.2 million ordinary shares by the company and 567,662 ordinary shares by a shareholder.

In addition, the company has granted the underwriters of the public offering an option to purchase up to an additional 265,150 ordinary shares to cover over- allotments, if any. The shares will be offered through an underwriting group led by Janney Montgomery Scott LLC and Wells Fargo Securities, LLC.

The company is engaged in the development and operation of seawater conversion plants and water distribution systems in areas of the world where naturally occurring supplies of potable water are scarce or nonexistent. The company currently operates reverse osmosis seawater conversion facilities in the Cayman Islands, the British Virgin Islands, Barbados, Belize and the Commonwealth of the Bahamas.


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