Ecofin Global Utilities & Infrastructure Trust plc (EGL) Ordinary 1p

The investment objective is to achieve a high, secure dividend yield on its Portfolio and to realise long-term growth in the capital value of the Portfolio for the benefit of Shareholders, while taking care to preserve capital of Shareholders. The assets of Company will be primarily invested in the equity and equity-related securities of utility and infrastructure companies in developed countries, although up to 10% of the Portfolio may be comprised of investments in debt securities and a significant portion of the Portfolio may also be comprised of holdings in cash or cash-equivalents from time to time.

The Investment Manager will be entitled to a management fee payable by the company equal to 0.9 per cent p.a. of the Companys NAV on the first GBP 200 million, 0.75 per cent p.a. of the Companys NAV on amounts between GBP 200 million and GBP 400 million, and 0.6 per cent p.a. of net assets over GBP 400 million, payable quarterly in arrears. The Contract is terminable on 6 months notice.

The Company will target an initial dividend yield of at least 4% on NAV using gearing and, if necessary, reserves to augment the Portfolio yield. The Company intends to pay dividends to Shareholders on a quarterly basis, payable on the last Business Day of February, May, August and November each year.

Jean Hugues De Lamaze

Mr. Jean-Hugues de Lamaze joined the firm in 2008. He is Managing Director, Head of Ecofin in the UK. In addition, he is a senior portfolio manager for the Ecofin Global Utilities & Infrastructure plc investment trust that launched in September of 2016. He was previously senior portfolio manager for Ecofin Water & Power Opportunities plc. From 2016 through November 2018 he was a Partner and member of the Board at Ecofin. Prior to joining the firm, Mr. de Lamaze co-founded UV Capital LLP and served as chief investment officer. Before that, he worked for Goldman Sachs where he oversaw the European Utilities research team. Prior to Goldman Sachs, he was a senior European analyst and head of French Research & Strategy at Credit Suisse First Boston. His professional career began at Enskilda Securities. Mr. de Lamaze is a CFAF certified analyst and a member of the French Financial Analysts Society SFAF. He completed the INSEAD International Executive Programme, graduated from the Paris based business school Institut Sup̩rieur de Gestion and earned a LLB in Business Law from Paris II-Assas University. He was voted Top 10 Buy-Side Individual РAll Sectors and Top 3 in the Utilities category in the 2018 Extel survey. 032521

David SimpsonChairman, Malcolm King, Susannah Nicklin, Joanna Santinon