THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR TO U.S. PERSONS.

This announcement is not an offer of securities for sale in any jurisdiction. This announcement is not a prospectus (or prospectus equivalent document) or an advertisement. Investors should not subscribe for or purchase any Ordinary Shares (as defined below) based on this announcement or the Information Document (as defined below). Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The material set forth herein is for information purposes only and should not be construed as an offer of securities for sale in any jurisdiction.

2 October 2023

Aquila European Renewables plc

Commencement of trading on Euronext Growth Dublin

Aquila European Renewables plc ("AER" or "the Company"), the London and Euronext Growth Dublin listed investment company advised by Aquila Capital Investmentgesellschaft mbH, is pleased to announce the commencement of trading on Euronext Growth Dublin, a market operated by Euronext Dublin.

The entire ordinary share capital consisting of 408,225,705 ordinary shares with a nominal value of 1 cent each (the "Ordinary Shares") has today been admitted to trading on Euronext Growth Dublin (the "Admission"). The Company has 28,585,392 Ordinary Shares held in treasury and 379,640,313 Ordinary Shares in circulation.  The Ordinary Shares in circulation (379,640,313) may be used by shareholders as the denominator for the calculation by which to determine if they are required to notify their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules. Dealings in the Ordinary Shares commenced today at 8.00am on Euronext Growth Dublin.

The Company's ticker on Euronext Growth Dublin is AERI and the Company's ticker on the London Stock Exchange is AERS for the Sterling line and AERI for the Euro line. The ISIN is GB00BK6RLF66.

No Ordinary Shares will be offered or marketed to the public in Ireland, the UK or elsewhere in connection with Admission.

The Information Document is not a prospectus and has not been approved by the Central Bank of Ireland, the Financial Conduct Authority or any other regulatory authority. A copy of the Information Document is available on the Company's website at https://www.aquila-european-renewables.com/.

For further information please contact:

Numis (Sponsor, Broker and Placing Agent and Euronext Growth Listing Sponsor)         

Tod Davis                                                                                                         020 7260 1000

David Benda

Apex Listed Companies Services (UK) Limited (Company Secretary)                020 3327 9720

LEI Number: 213800UKH1TZIC9ZRP41

General

Numis Securities Limited ("Numis") is acting as sponsor, under the Euronext Growth Markets Rule Book Parts I and II both dated 1 April 2022. Numis is authorised and regulated in the United Kingdom by the FCA. Numis is acting exclusively for the Company and no-one else in connection with Admission and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or advising any other person in connection with Admission or any other matter referred to in this announcement.