NextEnergy Solar Fund Ltd (NESF) Ordinary NPV

NextEnergy Solar Fund Limited is a Guernsey-based specialist solar energy and energy storage investment company. The Company's investment objective is to provide ordinary shareholders with attractive risk-adjusted returns, principally in the form of regular dividends, by investing in a diversified portfolio of utility-scale solar energy and energy storage infrastructure assets. The Company invests in solar PV assets primarily in the United Kingdom. Not more than 30% of the Company's gross asset value may be invested in solar PV assets that are located outside the United Kingdom. It intends to acquire solar PV assets that are primarily ground-based and utility-scale and which are on sites that may be agricultural, industrial or commercial. It may also invest in standalone energy storage systems (not ancillary to or co-located with solar PV assets owned by the Company) up to an aggregate limit of 10% of the Gross Asset Value. Its investment manager is NextEnergy Capital IM Limited.

To provide ordinary shareholders with attractive riskadjusted returns, principally in the form of regular dividends, through a diversified portfolio of solar energy infrastructure assets with the addition of complementary technologies, such as energy storage.

• Ongoing charge1.06%
• Annual management charge -
• Performance feeNo

The fee will be calculated quarterly based on an equal weighting of i the average of the closing daily market capitalisation during each quarter and ii the published Net Asset Value NAV for that quarter. The applicable rates are 1.0% per annum on the first 200 million, 0.9% per annum on the portion between 200 million and 300 million, and 0.8% per annum on amounts exceeding 300 million.