Dividend Policy Change:

·    Following the completion of this year’s target dividend of 8.43p, the Company will transition from a progressive dividend policy to a percentage‑based dividend policy, targeting a 75% distribution of operating free cashflows, post debt servicing and portfolio and fund operating expenses. The new dividend policy is expected to free up approximately £40m of operational free cash flows over the next five years, unlocking capital for the Company to strengthen its balance sheet through additional debt repayments while also supporting future Net Asset Value growth opportunities. Following the sale of the final phase, the current capital recycling programme, during which 100MW of operational assets were successfully sold, and also reflecting the impact of lower power prices, the estimated dividend range for FY26/27 would be 4.0p to 4.6p per Ordinary Share, which is the equivalent to a c.7% to c.8% dividend yield as at 10 March 2026.

·     Cashflows that are not distributed to shareholders will be used to accelerate debt reduction and redeploy capital into higher‑yielding opportunities such as repowering and co‑located energy storage to support long-term growth.

·    The Company is on track to meet its current full-year target dividend of 8.43p per Ordinary Share for the financial year ending 31 March 2026.