Xylem Inc. extends exchange offers for 3.550% Senior Notes due 2016 and 4.875% Senior Notes due 2021

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Jul. 13, 2012-- Xylem Inc. (NYSE: XYL) announced today that it has extended the expiration date of its offers to exchange all outstanding 3.550% Senior Notes due 2016 and 4.875% Senior Notes due 2021 (the “Old Notes”) for 3.550% Senior Notes due 2016 and 4.875% Senior Notes due 2021, respectively, which have been registered under the Securities Act of 1933, as amended (the “Registered Notes”). As a result of the extension, the exchange offers are now scheduled to expire at 11:59 p.m., New York City time, on July 23, 2012, unless further extended.

The exchange offers were originally set to expire at 12:00 a.m. midnight, New York City time, on July 16, 2012.

Except for the extension of the expiration date, all of the other terms of the exchange offers remain as set forth in the exchange offer prospectus. This press release is not an offer to exchange Registered Notes for Old Notes or the solicitation of an offer to exchange, which we are making only through a prospectus.

Copies of the exchange offer prospectus and related documents may be obtained from Union Bank N.A., as exchange agent for the exchange offers, at the following addresses:

About Xylem

Xylem (XYL) is a leading global water technology provider, enabling customers to transport, treat, test and efficiently use water in public utility, residential and commercial building services, industrial and agricultural settings. The company does business in more than 150 countries through a number of market-leading product brands, and its people bring broad applications expertise with a strong focus on finding local solutions to the world’s most challenging water and wastewater problems. Launched in 2011 from the spinoff of the water-related businesses of ITT Corporation, Xylem is headquartered in White Plains, N.Y., with 2011 revenues of $3.8 billion and 12,500 employees worldwide.

The name Xylem is derived from classical Greek and is the tissue that transports water in plants, highlighting the engineering efficiency of our water-centric business by linking it with the best water transportation of all -- that which occurs in nature. For more information, please visit us at www.xyleminc.com.

Forward-Looking Statements

This press release includes “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements included herein, other than statements of historical fact, may constitute forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the risk factors contained in the Company’s exchange offer prospectus filed with the Securities and Exchange Commission on June 18, 2012. All forward-looking statements are expressly qualified in their entirety by such risk factors.

Source: Xylem Inc.

Xylem Inc.
Investors:
Phil DeSousa, +1-914-323-5930
phil.desousa@xyleminc.com