4 August 2022

Aquila European Renewables Income Fund plc

Net Asset Value and Factsheet - 30 June 2022

Aquila European Renewables Income Fund plc ("AERIF" or the "Company"), a Euro income fund, announces its unaudited net asset value ("NAV") as at 30 June 2022, on a cum-income basis, was EUR 430,629,657 or 105.49 cents per ordinary share.

Further details will shortly be available in the quarterly factsheet on the Company's website at: https://www.aquila-european-renewables-income-fund.com.

For further details contact:

Media contacts

Edelman Smithfield

Ged Brumby 07540-412301

Kanayo Agwunobi 07581-010560

Sponsor, Broker and Placing Agent

Numis Securities 020 7260 1000

Tod Davis

David Benda

Vicki Paine

European Broker

Kempen & Co +31 20 348 8000

Maarten de Zeeuw

Kathrin Erfurth

Robin van Wijk

NOTES

Aquila European Renewables Income Fund plc ("AERIF" or the "Company") is a London-listed renewable energy infrastructure investment company with the aim to provide investors with an attractive long-term, income-based return in EUR through a diversified portfolio of hydropower, onshore wind and solar PV investments across continental Europe and Ireland. Through the diversification of generation technologies, the seasonal production patterns of these asset types complement each other to balance the cash flow, while the geographic diversification serves to reduce exposure to one single energy market.

www.aquila-european-renewables-income-fund.com