AQUILA EUROPEAN RENEWABLES INCOME FUND PLC

(the "Company", the "Fund" or "AERIF")

LEI Number: 213800UKH1TZIC9ZRP41

The Company reports that in its 2021 Annual Report published yesterday there was an error in the calculation of load factors for the year for wind and hydropower assets. The table on page 13 of the Annual Report incorrectly stated the load factors for wind and the hydropower asset as 13.0% and 24.1%.  The correct load factors are 28.0% for wind assets and 29.9% for the hydropower asset. The load factor for the solar PV assets are unchanged. The total load factor for the portfolio has increased from 16.4% to 26.7%.

The Company's 2021 Annual Report remains unchanged. 

The amended table is shown below:

FINANCIAL PERFORMANCE

Production by Technology (AERIF share)

Technical availability³⁰

For further details contact:

Media contacts:

Edelman Smithfield

Ged Brumby | 020 3047 2527

Kanayo Agwunobi | 020 3047 2126

Sponsor, Broker and Placing Agent

Numis Securities 020 7260 1000

Tod Davis

David Benda

Vicki Paine

Joint Financial Advisor

Kempen & Co +31 20 348 8000

Thomas ten Hoedt

Michiel Klomp

Robin van Wijk