Cascal N.V. Nominated as Water Company of the Year Finalist For 2010 Global Water Awards

LONDON, March 16 /PRNewswire-FirstCall/ -- Cascal N.V. (NYSE: HOO), a leading provider of water and wastewater services in eight countries, today announced that it has been nominated in the Water Company of the Year category for this year's Global Water Awards. Each nominated company was chosen from a list of contenders, which was then narrowed to the top four in the category. The winners will be announced at an industry awards ceremony to be held in Paris on April 26.

"We are very happy to be nominated for such a prestigious award," said Stephane Richer, Cascal's Chief Executive Officer. "The Water Company of the Year category highlights water companies that have made significant contributions to the development of the international water sector during 2009, and we see this as validation of the hard work that was put in by our entire team."

During 2009, Cascal's Bournemouth & West Hampshire Water subsidiary was ranked first out of all U.K. water companies for overall performance in Ofwat's annual Service and Delivery Assessment report. In addition, Cascal's South African operations were awarded "Blue Drop" status by the Department of Environment and Water Affairs for their provision of high-quality water services. Blue Drop status was only achieved by 5% of the country's water networks.

About Cascal N.V.

Cascal provides water and wastewater services to its customers in eight countries: the United Kingdom, China, South Africa, Chile, Indonesia, Panama, Antigua and The Philippines. Cascal's customers are predominantly homes and businesses representing a total population of approximately 4.7 million.

Forward-looking statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the future of our operations in Panama. Such forward-looking statements are not guarantees of future performance. There are important factors, many of which are outside of our control, that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: general economic business conditions, unfavorable weather conditions, housing and population growth trends, changes in energy prices and taxes, fluctuations with currency exchange rates, changes in regulations or regulatory treatment, changes in environmental compliance and water quality requirements, availability and the cost of capital, the success of growth initiatives, acquisitions and our ability to successfully integrate acquired companies and other factors discussed in our filings with the Securities and Exchange Commission, including under Risk Factors in our Form 20-F for the fiscal year ended March 31, 2009, filed with the SEC on July 1, 2009. We do not undertake and have no obligation to publicly update or revise any forward-looking statement.

SOURCE Cascal N.V.