11 September 2025

Aquila European Renewables plc

(the "Company")

Reduction of the share premium account

The Company is pleased to announce that the cancellation of the amount standing to the credit of its share premium account (the "Share Premium Cancellation"), approved by shareholders at the annual general meeting of the Company held on 19 June 2025 (the "AGM"), is now effective.

At the AGM, resolution 13 proposing the Share Premium Cancellation as set out in the notice of AGM sent to the Shareholders on 27 May 2025 (the "Share Premium Resolution"), was duly passed by shareholders. Following the passing of the Share Premium Resolution, the Company applied to the High Court for the sanctioning of the Share Premium Cancellation. The High Court sanctioned the Share Premium Cancellation at a hearing held on 19 August 2025 and the court order approving the Share Premium Cancellation was duly registered with Companies House on 10 September 2025.

Accordingly, the amount of €255,642,627.68 previously held in the share premium account of the Company has been cancelled and the distributable reserves resulting from the Share Premium Cancellation will be treated as profits available for distribution by the Company. The Company has effected the Share Premium Cancellation to assist the Company with returning cash, in the form of capital or by way of dividend, to the shareholders of the Company as part of the Company's managed wind-down process. The quantum and timing of any future returns of cash or capital will be at the discretion of the Board and will be dependent on the realisation of the Company's investments and its liabilities, general working capital requirements and the amount and nature (from a tax perspective) of its distributable reserves from time to time.

Enquiries:

Apex Listed Companies Services (UK) Limited
Company Secretary
Tel: 0203327 9720

NOTES

www.aquila-european-renewables.com

LEI: 213800UKH1TZIC9ZRP41