Foresight Solar Fund Ltd (FSFL) Ordinary NPV

To provide investors with a sustainable, progressive quarterly dividend and enhanced capital value, whilst facilitating climate change mitigation and the transition to a lower carbon economy. The Company pursues its investment objective by investing in a diversified portfolio of ground-based, solar power plants and utility-scale battery energy storage systems ("BESS") predominantly located in the UK.

The annual management fee of 1% p.a. of NAV up to GBP 500m, NAV in excess of GBP 500m is charged at 0.9% p.a.. This is payable quarterly in arrears and is calculated based on the published quarterly NAV. The Management Agreement has an initial term of 4 years and contract terminable on a 12-months notice period.

The Company intends to pay four interim dividends per year. The Board is committed to a progressive dividend policy which aims to increase the annual dividend paid to shareholders going forward without explicit linkage to RPI.

Ricardo Pineiro

Ricardo is an investment manager focussed on new solar power plant acquisitions in the UK. He has invested GBP 50 million of UK tax efficient funds in the acquisition of four UK Solar power plants totalling 16MW and has overseen their commercial management since then. He led the refinancing of the UK solar portfolio through the issuance of a listed GBP 60 million index linked bond, the largest UK solar bond issuance to date. Prior to joining Foresight, Ricardo worked for Espirito Santo Investment, where he spent three years in the project finance division, focusing on the energy and transport sectors.

Alexander OhlssonChairman, Christopher Ambler, Paul Masterton, Anthony Roper, Ann Markey, Lynn Cleary