2 November 2022

Aquila Energy Efficiency Trust PLC

("AEET" or the "Company")

Appointment of Non-executive Director

The Board of the Company is delighted to announce the appointment of Janine Freeman as an independent Non-executive Director. Janine will be appointed as a member of the Company's Audit and Risk, Nomination, Remuneration and Management Engagement Committees.

Janine Freeman is an experienced, senior energy industry executive and Non-executive Director with over 20 years in the energy industry. Driving investment in clean energy infrastructure has been her primary focus for much of that time.

Janine is currently a Non-executive Director and Audit and Risk Committee Chair at Harmony Energy Income Trust plc. She holds an additional role as the Non-executive Chair at Public Power Solutions, a company which develops solar, battery and EV charging sites in the UK.

Recently at Accident Exchange Ltd, Janine spearheaded the development of a new electric vehicle services offering. And prior to this, Janine worked for three years as a Director at PwC within the Deals team, where she led on Net Zero Investment Strategy & Deals. This work at PwC included a focus on  investment in  the European energy efficiency infrastructure sector. 

At National Grid plc where Janine spent 16 years, she was a member of the UK Executive Committee and System Operator Executive Committee as Director of Corporate Affairs. She has also worked as an independent adviser on clean technology M&A to investment funds. Janine achieved her Chartered Accountancy qualification (ACA) at Deloitte & Touche, where she worked within both the audit and restructuring departments.

The appointment will take effect immediately. The recruitment process was supported by external consultants.

Miriam Greenwood, Chair commented:

"I am delighted to welcome Janine to the Board of Directors. Her expertise in the clean energy industry will be a valuable and complementary addition to the Company and we are greatly looking forward to working with her. The Board of AEET is again back at full strength of four Directors."

In accordance with the Listing Rules, there are no further matters required to be disclosed pursuant to LR9.6.13R, and, Janine currently has no beneficial interests in the shares of the Company.

For further information please contact:

Peel Hunt (Broker)                                                                                                                       020 7418 8900

Luke Simpson, Huw Jeremy (Investment Banking)

Buchanan (Financial PR)                                                                                                             020 7466 5000

Charles Ryland, Henry Wilson, George Beale