Mr. Karl Cilia was appointed as the Chief Executive Officer (CEO) of the Water Services Corporation effective 25th July 2022. With his extensive experience and expertise in the fields of informatics, technology, and management, Mr. Cilia was well-suited to lead the corporation in its mission to provide essential water services to the people of Malta.

Mr. Cilia began his career in the private sector, working for the multinational corporation IBM, where he specialised in the utilities industry. He played an instrumental role in implementing the smart metering system for both the Water Services Corporation and Enemalta p.l.c., a major achievement that helped improve the efficiency and sustainability of Malta's water and energy sectors, and was the first nationwide rollout of smart metering installation to the grid at the time of its implementation.

In recent years, Mr. Cilia has served as the Executive Director of Operations, responsible for the end-to-end energy provision and distribution network of Enemalta p.l.c., the sole Distribution System Operator in Malta. His experience and leadership in the utilities sector were invaluable as he took on the role of CEO for the Water Services Corporation.

As CEO, he oversaw the planning, development, and management of Malta's water resources.

As CEO, Mr. Cilia was tasked with ensuring that the Water Services Corporation continued to provide high-quality, affordable, and sustainable water services to the people of Malta. He worked closely with the Corporation's stakeholders, including government agencies, businesses, and consumers, to develop strategies and policies that promoted responsible water use and protected Malta's precious water resources.

Mr. Matthew Costa worked his way up through the ranks of the Water Services Corporation, Malta's main water and wastewater service provider, over a 14-year period to his current position of Chief Financial Officer. Throughout the years, he was an integral part of the finance office, business development function and the Corporation's EU funds office. In his capacity as Chief Financial Officer, Mr. Costa's remit spans wide to also include performance analysis, procurement, supply chain and warehousing, human resources and business development.

Throughout recent years in his career, he championed and drove forward good governance initiatives and innovative financial practices within the WSC Group, setting the tone for new financing opportunities and sustainable growth.

This professional experience is backed by an academic background in business and finance, attained from the London School of Economics. Mr. Costa furthered his academic studies in entrepreneurship and later on in distributed ledger technologies, both of which are areas he is passionate about due to their ever-increasing importance in today's economies.

Ing David Sacco has been in the water sector for more than thirty years. Ing. Sacco holds a Bachelors Degree in Engineering and a Masters in Business Administration. He is also a Chartered Engineer and a member of the Institute of Engineering Technology of UK.

Ing. Sacco has expertise in desalination and membrane treatment projects ranging from design, project management as well as operations and maintenance. During his employment period with Water Services Corporation he was responsible for all reverse osmosis plants' optimization programs that included project financing, design, manufacturing and commissioning. He was also instrumental in the development of special tools to ensure production of water at high efficiency levels and hence lowest operational cost possible. He is currently also responsible for the management of all wastewater and reclamation plants operated by Water Services Corporation.

Apart from being a Director of the Issuer, Ing. Sacco is also the Production & Treatment CO of the Guarantor.

Ms. Angela Azzopardi graduated as Valedictorian in 2013 in the Bachelor of Commerce (Honours) Degree in Economics at the University of Malta.

She started her career as Junior Economist at the Economic Policy Department ('EPD') in the Ministry for Finance and Employment ('MFE') in 2013. Following various promotions over the past ten years she is currently the Head of Secretariat of the MFE. As an economist at MFE and the main technical liaison between the Ministry's Secretariat and EPD, Ms. Azzopardi has been directly involved in all stages of the Budget process. Along the years, she has also performed econometric modelling for entities under the Ministry's portfolio including the Commissioner for Revenue.

Apart from being a Director of the Issuer, Ms. Azzopardi is also a member and Chairperson of the Audit Committee of the Issuer.

Mr. Luke Cann, a warranted accountant and auditor, holds a Bachelor of Accountancy (Honours) degree and a Masters in Financial Services from the University of Malta. He commenced his professional career in the assurance division of a mid-tier firm, progressing to a senior position within the business advisory division. Subsequently, Luke was appointed to a director role of the business advisory division of the same firm. During this period Luke was actively involved in driving strategic growth and development of this division and was involved in multiple sizeable corporate finance transactions.

From the experience garnered in his career, in 2023, through Fusion Advisory, Luke commenced providing boutique advisory and business consulting services to an array of local and international businesses operating in various economic sectors.

Ing. Abigail Cutajar is a Warranted and Chartered Engineer by profession. She mainly focuses on policy development of new emerging technologies, energy consultancy, and the development of green buildings.

Ing. Cutajar obtained a Bachelors degree and then a Masters degree in Engineering from the University of Malta. She furthered studies in the areas of Energy and Sustainability in buildings which led to the acquisition of professional accreditation in Leadership in Energy and Environmental Design (LEED). Appointed as an Advisor to the Maltese Government for the execution of policy development within the areas of Energy, Electrification and Climate Action.

Her involvement in the building sector includes providing technical expertise to achieve high-performance green building design and construction projects through the adoption of LEED practices. Her work experience varies widely across different industries. This involves the implementation of high-value investment projects, in efforts to acquire and certify state-of-the-art developments, which are highly efficient and sustainable along the whole lifecycle of the project.

Apart from being a Director of the Issuer, Ing. Cutajar is also a member of the Sustainability Committee of the Issuer.

Ms. Katrina Cuschieri is an economist (B.Com - Econ) and accountant (ACCA qualified) by profession and a graduate with a Master's degree in Political Science and Political Economy from the London School of Economics. She is currently serving as a Policy Advisor at the Ministry for the Environment, Energy, and Enterprise, working on projects related to economic development, green energy and enterprise policy.

In her role, she works closely with stakeholders from various industries, including the private and public sector, academia and civil society organisations, to develop national solutions which address current economic, sustainability and social challenges.

Apart from being a Director of the Issuer, Ms. Cuschieri is also a member of the Audit Committee of the Issuer.