<PAGE> 1
PROSPECTUS SUPPLEMENT Filed Pursuant to Rule 424 (b) (3)
To Prospectus Dated May 19, 2000 Registration No. 333-35356
675,000 Ordinary Shares
Consolidated Water Co. Ltd.
This prospectus supplement relates to the sale by Consolidated Water
Co. Ltd. of 675,000 of its ordinary shares and 98,000 additional ordinary shares
to cover over-allotments of shares by the underwriters.
This prospectus supplement should be read in conjunction with the
prospectus dated May 19, 2000, which is to be delivered with this prospectus
supplement.
The information in the section entitled "Breach of License" under the
heading "BUSINESS" in the prospectus is amended in part by the following
additional information:
We have received a letter dated June 1, 2000, from an official of the
Cayman Islands' government, stating that a public offering of our
ordinary shares, which we completed in 1996 without the government's
approval, was a breach of our license. The letter is not clear as to
whether the government also views the completion of this public
offering as a breach of our license. We have responded to this letter
and stated that we do not believe that we are in breach of our license.
A meeting with officials of the Cayman Islands' government, to discuss
this matter, was held on June 16, 2000 in accordance with the
government's suggestion in the June 1st letter. Discussion of the
matter is ongoing as of the date of this prospectus supplement. We have
been advised by our Cayman Islands' legal counsel that the June 1st
letter from the Cayman Islands government does not constitute a formal
"notice of breach of the license" as contemplated in the license.
Accordingly, other than pursuing discussions of this matter with the
Cayman Islands' government, no other actions are presently being
pursued by us to "cure" any such alleged breaches.
------------------------------------------------------------------------------
BEFORE INVESTING, YOU SHOULD REVIEW THE "RISK FACTORS" BEGINNING ON
PAGE 6.
------------------------------------------------------------------------------
Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or determined if this
prospectus is accurate or complete. Any representation to the contrary is a
criminal offense.
----------------------------
The date of this prospectus supplement is June 16, 2000.
