SAN DIEGO, California (November 23, 1998) - Western Water Company (Nasdaq:WWTR) announced today that its board of directors has authorized a stock repurchase program pursuant to which Western Water Company may repurchase up to 500,000 shares of its common stock, or about 6% of the currently issued and outstanding shares of common stock. The common stock may be repurchased from time to time in the open market at varying prices depending on market conditions and other factors.

Michael George, President and Chief Executive Officer of Western Water Company, said, "We believe that the current stock price does not adequately reflect the value of Western Water's common stock."

Western Water Company is a leading water resource company in the wholesale, non-regulated water market in the Western United States. Its principal activities include the acquisition, development and marketing of water supplies throughout the West.