Octopus Renewables Infrastructure Trust

Net Asset Value • Nov 2, 2020

National Storage Mechanism | Additional information

RNS Number : 8190D

Octopus Renewables Infra Trust PLC

02 November 2020

2 November 2020

LEI: 213800B81BFJKWM2JV13

Octopus Renewables Infrastructure Trust plc

("ORIT" or the "Company")

Net Asset Value and Factsheet

The Board of Octopus Renewables Infrastructure Trust plc (the "Company" or "ORIT") announces that the unaudited net asset value ("NAV") of the Company as at 30 September 2020 on a cum-income basis was £340.3 million or 97.22 pence per ordinary share.

The Company's NAV per ordinary share has reduced by 0.36 pence per share since 30 June 2020. This small reduction was driven primarily by Company expenses, dividends paid, and a reduction in medium- to long-term power price forecasts. The reduced forecasts resulted in a negative impact of 1.0 pence per share. The reduction was offset by an increase of approximately 1.7 pence per share as a result of a reduction in the discount rates used to value the Company's portfolio, to reflect the market pricing observed in recent transactions, particularly for operational UK solar assets.

The Company's updated factsheet is available to download at: https://octopusrenewablesinfrastructure.com/investors/

For further information please contact:

Octopus Investments Limited (Investment Manager) Matt Setchell, Chris Gaydon	Via Buchanan
Peel Hunt (Broker) Liz Yong, Luke Simpson, Tom Pocock (Corporate Broking) Alex Howe, Chris Bunstead, Ed Welsby (Sales)	020 7418 8900
Buchanan (Financial PR) Charles Ryland, Kelsey Traynor, Hannah Ratcliff	020 7466 5000
PraxisIFM (Company Secretary) Brian Smith, Tom Daish	0204 513 9260

Notes to editors

About Octopus Renewables Infrastructure Trust

Octopus Renewables Infrastructure Trust plc is a closed end investment company incorporated in England and Wales focused on providing investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of renewable energy assets in Europe and Australia. Octopus Investments Limited acts as the Investment Manager to the Company.

Further details can be found at www.octopusrenewablesinfrastructure.com.

About Octopus Renewables

Octopus Renewables, part of Octopus Investments and the wider Octopus Group, is a specialist clean energy investment manager with a mission to accelerate the transition to a future powered by renewable energy. Since 2010, Octopus Renewables has, on behalf of its clients, invested in a diverse portfolio of assets with a capacity of over 2.5GW and is now the largest commercial solar investor in Europe and a leading UK investor in onshore wind. Octopus Renewables is co-led by Matt Setchell and Alex Brierley and has over 70 employees in the UK and Australia.

Further details can be found at www.octopusrenewables.com

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