ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC

Net Asset Value • Jul 28, 2022

National Storage Mechanism | Additional information

RNS Number : 9943T

Ecofin US Renewables Infrastr.Trust

28 July 2022

28 July 2022

ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC

(the "Company")

Net Asset Value

The Company announces that the unaudited net asset value as at 30 June 2022 on a cum-income basis was $134.3 million (31 March 2022: $122.1 million) or $0.9732 per ordinary share (31 March 2022: $0. 9764).  The contributors to the $12.2m increase in net asset value are:

·    a $12.9 million increase from the net proceeds of the equity fundraise in May 2022;

·    a $1.0 million decrease in cash and net working capital principally relating to budgeted seasonal fluctuations in operations at SED Solar Portfolio and Whirlwind;

·    a $3.5 million decrease in discounted cash flow valuation of investments due to a small increase in discount rates primarily related to rises in inflation and interest rates; and

·    a $3.8 million increase in discounted cash flow valuation of investments due to increases in  merchant power price curves.

For further information, please contact:

Ecofin Advisors, LLC (Investment Manager) Edward Russell Jason Benson	+1 913 981 1020
Peel Hunt LLP (Joint Corporate Broker) Liz Yong Luke Simpson Huw Jeremy	+44 20 7418 8900
Stifel (Joint Corporate Broker) Mark Bloomfield Alex Miller	+44 20 7710 7600
Sanne Fund Services (UK) Limited (Company Secretary)              Martin Darragh Maria Matheou	+44 20 3327 9720
FTI Consulting (Financial PR) Matthew O'Keeffe Mitch Barltrop Vee Montebello	+44 7976 075797

Further information on the Company can be found on its website at https://uk.ecofininvest.com/funds/us-renewables-infrastructure-trust-plc/.

The Company's LEI is 2138004JUQUL9VKQWD21.

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