ORIT

Octopus Renewables Infrastructure Trust plc

(“ORIT” or the “Company”)

Statement re Government consultation on ROC and FiT indexation methodology

Potential impact on Company estimated to be limited

Octopus Renewables Infrastructure Trust PLC, the diversified renewables infrastructure company, notes the consultation published by the UK Department for Energy Security and Net Zero on 31 October 2025 proposing potential changes to the inflation indexation methodology used in the Renewable Obligation (“ROC”) and Feed-in Tariff (“FiT”) schemes from next year.

The consultation outlines two potential approaches. Broadly:

1.    An immediate (at the next annual adjustment in March 2026) switch from Retail Price Index (“RPI”) to Consumer Price Index (“CPI”) for ROC buyout price indexation and FiT tariff uplifts, bringing the date forward from 2030

2.    A temporary freeze in ROC buyout price indexation at the 2025/2026 level, with effect from April 2026, followed by a gradual realignment with CPI

The Investment Manager has conducted analysis on the potential impact on the ORIT portfolio should either scenario be implemented. Given ORIT’s diversified portfolio and limited exposure to ROC-linked revenue (less than 30% of forecast revenues in each of the next five years), the estimated indicative (and limited) impact on net asset value (“NAV”) per share is outlined in the table below. ORIT does not have any UK FiT revenues.

The Investment Manager will continue to monitor the process closely and will provide a further update once the consultation is concluded.