2 February 2023

Aquila European Renewables plc

New Remuneration and Nomination Committee Chair

The Board of Aquila European Renewables plc (the "Company") is pleased to announce that Dr Patricia Rodrigues, a Non-Executive Director of the Company, will replace Kenneth MacRitchie as Chair of the Remuneration and Nomination Committee with immediate effect. Dr Rodrigues' appointment is part of the Board's ongoing commitment to ensure that the Board maintains suitable diversity and representation.

Mr Kenneth MacRitchie will remain a member of the Board.  The Board wish to thank Mr MacRitchie for his hard work and contribution whilst acting as the Chair of the Remuneration and Nomination Committee and welcome his continued support.

Enquiries:                                            

Company Secretary                               020 3327 9720

Apex Listed Companies Services (UK) Limited

NOTES

The objective of Aquila European Renewables plc is to provide investors with an attractive long-term, income-based return in EUR through a diversified portfolio of wind, solar PV and hydropower 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. In addition, a balance is maintained between government supported revenues, fixed price power purchase agreements and market power price risk.

LEI: 213800UKH1TZIC9ZRP41