Morgan Stanley Investment Management, Through Investment Funds Managed By Morgan Stanley Infrastructure Partners, Its Private Infrastructure Investment Platform, Announces It Has Entered Into An Agreement To Sell Its Ownership Stake In Seven Seas Water Group To The EQT Infrastructure VI Fund

Morgan Stanley Investment Management (MSIM), through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), its private infrastructure investment platform, today announced it has entered into an agreement to sell its ownership stake in Seven Seas Water Group (Seven Seas Water or the Company) to the EQT Infrastructure VI fund (EQT).

Seven Seas Water Group is a developer, owner, and operator of water and wastewater treatment plants across North America, including the United States, the Caribbean, and Latin America, with over 220 plants currently under management. Through its Water-as-a-Service® (WaaS®) model, the Company delivers reliable, safe, and environmentally compliant water and wastewater treatment to a diverse customer base, including governmental, municipal, industrial and hospitality clients. The Company's desalination and wastewater treatment plants sign long-term, inflation-linked contracts with take-or-pay minimum volume commitments creating stable, predictable cashflows. Operating in some of the most water-challenged geographies, Seven Seas Water ensures availability for potable and clean water, while maintaining its more than 20-year track record of high uptime, strong customer retention and a world-class health, safety, and environmental (HSE) performance.

The Company is the result of a business separation from non-infrastructure activities which was conducted shortly after a public-to-private transaction. Under MSIP's ownership, Seven Seas Water has experienced substantial growth expanding its footprint in the United States, particularly Texas, scaling to become the North American Water-as-a-Service® leader. The Company recently secured several high-profile long-term contracts, including with the South Texas Water Authority (STWA), as well as successful project delivery for the City of Alice in Texas.