22 February 2024

Aquila European Renewables plc

Exchange rate for the fourth interim dividend for the year ending 31 December 2023

Aquila European Renewables plc ("AER" or "the Company") announces that the GBP:EUR exchange rate for the fourth interim dividend for the year ending 31 December 2023 of 1.3775 cents per Ordinary share, previously announced on 6 February 2024 has been set at 1.1673.  The sterling equivalent dividend payable is 1.1801p per Ordinary share. The dividend will be paid on 18 March 2024 to Shareholders who appeared on the register on 16 February 2024.  The Company's Ordinary shares were marked ex-dividend on 15 February 2024.

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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.

www.aquila-european-renewables.com

LEI: 213800UKH1TZIC9ZRP41