Waters Corporation Investor Presentation — March 2017

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©2017 Waters Corporation 1

PLEASE NOTE: This presentation contains financial projections and other forward -

looking statements that are based on current expectations and assumptions and

currently available data, and are neither predictions nor guarantees of future events

or performance. They speak only as of the date hereof (or in the case of the

Company's 2017 guidance, January 24, 2017, the date such guidance was first

publicly disclosed) and should not be relied upon as representing the Company's

estimates or views as of any date subsequent to such date. We do not undertake

to update or revise any forward -looking statements after they are made, whether

as a result of new information, future events, or otherwise, except as required by

applicable law. In addition, the guidance that was provided with respect to 2017 on

January 24, 2017 has been included in this presentation for reference purposes and

has not been updated or reaffirmed as of the date hereof or as of any other date.Waters Corporation 2017 Investor Day

Welcome and Overview

Vice President, Investor RelationsJohn Lynch©2017 Waters Corporation 4

This presentation may contain “forward -looking” statements regarding future results and events. For this purpose, any statements that are not statements of historical fact

may be deemed forward -looking statements. Without limiting the foregoing, the words, “may”, will”, “should”, “feels”, “believes ”, “anticipates”, “plans”, “expects”, “intends”,

“suggests”, “appears”, “estimates”, “projects”, and similar expressions, whether in the negative or affirmative, are intended toidentify forward -looking statements.

Forward -looking statements are based on current expectations and assumptions and currently available data, and are neither predi ctions nor guarantees of future events

or performance. You should not place undue reliance on forward -looking statements, which speak only as of the date hereof and s hould not be relied upon as

representing the Company’s estimates or views as of any date subsequent to the date of this presentation. We do not undertak e to update or revise any forward -looking

statements after they are made, whether as a result of new information, future events, or otherwise, except as required by ap plicable law. The Company’s actual future

results may differ significantly from the results discussed in the forward -looking statements within this presentation for a var iety of reasons, including and without limitation

the effect on the Company’s financial results from the United Kingdom voting to exit the European Union; foreign exchange rat e fluctuations potentially affecting