Cascal N.V. Announces the Pricing of the Initial Public Offering of ITS Common Shares at $12.00 Per Share

New York - January 29, 2008 - Cascal N.V. ("Cascal") today announced the pricing of the initial public offering of its common shares at $12.00 per share. The securities offered include 8,710,000 shares to be issued and sold by Cascal as well as 3,290,000 shares to be sold by an indirect subsidiary of Biwater plc. The common shares are expected to trade beginning on January 29, 2008 on the New York Stock Exchange under the symbol "HOO."

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