1. The Inexus Group next generation networks

2. ASSET OWNERSHIP INEXUS GROUP

3. Regulated Utility Asset Owner 600,000 Utility Connections 1,500 New Connections Per Week Distributor NOT Supplier Value from Use-of-Assets We Invest In Assets Open Access – Choice of Supplier Gas, Electricity, Water, Fibre, Heat INEXUS GROUP – ASSET OWNER

5. Breaking Into Monopoly Markets –Gas / Electric / Water / Fibre / Heat Competition –Generation / Supply / Distribution –Construction / Asset Ownership / Management –Freedom to choose supplier Initial Reluctance To Embrace Change –Up Stream Utility Companies –Suppliers Experience From Utility Sector

6. Market Today Now Want Sustainable Solution –Low carbon energy – Legal requirement –Reduced use of water – Legal requirement –Affordable broadband Need to ‘Future Proof’ Higher Cost - Needs –Investment / Innovation / Partnerships Developers ask for –‘MUSCo’ –Integrated Utility & Energy Solution –Support in planning

7. King’s Cross

9. King’s Cross – 50% Carbon Saved Integrated Utility & Energy Solution Applied Utility Model to Energy Sector Split Supply & Distribution –Distribution - Metropolitan own all site wide assets Electricity, Water, Wastewater, Gas, Heat and Fibre –Supply - Heat supplied by ESCo Regulated Asset Ownership –Certainty for Investors –Protection for end customers –Freedom to choose Supplier Open Access Fibre Network

10. King’s Cross - Innovation Partnership – Argent / Metropolitan Integrated Utility & Energy Business Plan –Metropolitan own: Electric, Water, Heat, Fibre, Wastewater, Gas –Synergies in design –Cost effective construction ESCo shared ownership Investment – Private Sector –Argent invest in ESCo –Metropolitan invest in site wide assets

11. The Inexus Group next generation networks