Interested parties can listen to the conference call over the Internet by logging on to www.aswater.com. The call will also be recorded and replayed beginning Wednesday, February 26, 2003 at 2:00 p.m. PST and will run through Wednesday, March 5, 2003 until 2:00 p.m. PST. The dial in number for the audio replay is (800) 839-3734 in the U.S. and (402) 220-2976 International.

American States Water Company is a holding company that, through its subsidiaries, provides water service to 1 out of 30 Californians located within 75 communities throughout 10 counties in Northern, Coastal and Southern California and to approximately 12,000 customers in the city of Fountain Hills, Arizona and portions of Scottsdale, Arizona. The Company distributes electricity to approximately 22,000 customers in the Big Bear recreational area of California, and contracts with various municipalities and private entities in both California and Arizona to provide services to an additional 91,500 customers.

CONTACT: American States Water Company, San Dimas
Jan L. Allnutt, 909/394-3600, ext. 704
(investor relations)
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