Board Of Aldermen - Agenda - 4/12/2016 - P27

We believe that the audit evidence we have obtained is sufficient and appropriate to provide
a basis for our audit opinion.

Opinion

In our opinion, the consolidated financial statements referred to above present fairly, in all
material respects, the financial position of Pennichuck Corporation and Subsidiaries as of
December 31, 2015 and 2014, and the results of their operations and their cash flows for the
years then ended in accordance with accounting principles generally accepted in the United
States of America.

Molenosn Haath

March 18, 2016