Connecticut Water Service, Inc. Declares Dividend.

Business Editors

CLINTON, Conn.--(BUSINESS WIRE)--Jan. 9, 2003

The Board of Directors of Connecticut Water Service, Inc. (NASDAQ:CTWS) approved a $.205 dividend on each common share for the first quarter of 2003.

The dividend marks 33 years of consecutive quarterly dividend payments and annual increases in the dividend. The record date for the dividend is March 3, 2003 and the dividend is payable March 17, 2003.

Dividends for the Company's preferred issues were also approved. Preferred A dividend, $.20 per share, has an April 1, 2003 record date, and an April 15, 2003 payable date. Preferred 90 dividend, $.225 per share, has an April 17, 2003 record date, and a May 2, 2003 payable date.

Connecticut Water Service, Inc. is New England's largest domestic, investor-owned water utility company, providing water service to a population of about 295,000 in 42 Connecticut and Massachusetts towns.

Some statements in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The forward looking statements are based on current expectations and rely on a number of assumptions concerning future events, and are subject to a number of uncertainties and other factors that could cause actual results of differ materially from such statements.