2 September 2026

VH GLOBAL ENERGY INFRASTRUCTURE PLC

Disposal of Six Brazilian Solar PV assets

VH Global Energy Infrastructure plc ("ENRG" or the "Company") is pleased to announce that it has entered into an agreement for the sale of six operational solar PV assets located in the Rio de Janeiro state (the "Assets"), with a total installed capacity of 11.7 MWp (the "Transaction"). The Assets have been acquired by Energea Portfolio 2 LP ("Energea"), an operating company managed by the Company's operating partner for the Assets. The Assets form part of the Company's Brazilian solar PV portfolio, which comprises thirteen operational assets and three ready-to-build assets.

The Transaction is the second disposal under the Company's shareholder-approved Asset Realisation Strategy, following the agreement for the sale of its two US liquid storage terminals, and represents the disposal of the assets in ENRG's Brazilian solar programme that have a consortium of end users as offtakers.

Transaction highlights

•   The total consideration for the Assets will be at least R$38.0 million (approximately £5.4 million[1]), representing 92% of the Assets' NAV as of 31 March 2026. This comprises:

o   R$35.0 million payable at closing; and

o   R$3.0 million of deferred consideration, payable 12 months after signing, which will be adjusted by payments and associated costs related to labour claims against the construction contractors.

•   There is a further performance-based earn out payable 12 months after signing should the Assets generate revenues above expectations. This additional earn out could be up to R$12 million in aggregate, with revenue target thresholds agreed for each Asset.

•   Despite the strong performance of the consortium of offtakers to date, these assets command a lower value per MWp versus the assets with large corporates as offtakers. This dynamic is reflective of the M&A market appetite for this type of asset.

•   Net proceeds from the Transaction will be returned to shareholders via a bonus issue of redeemable B shares, under the B share scheme. No action is required from shareholders.

•   No realisation performance fee to the Investment Manager is expected to result directly from the sale of the Assets.

Bernard Bulkin, Chair, said:

"The sale of these assets is a further step in the disciplined realisation of the Company's portfolio. Following a comprehensive and competitive process, the Board concluded that this Transaction represents the best available outcome for shareholders. We continue to progress the process for the remaining Brazilian assets with Telefônica as the offtaker and will update shareholders as those discussions advance."

Background of the Transaction

This transaction concludes a competitive M&A process with multiple bids received for the entire portfolio and for the Telefônica assets. Having considered the price and closing conditions offered by various bidders, Victory Hill concluded that splitting the Brazilian portfolio and selling the six Assets to Energea, an operating company managed by the Company's operating partner for the Assets, delivered the best combination of value, certainty and speed of execution and mitigated the potential complexity of a sale to a third party.

Remaining assets

The Assets form part of the Company's Brazilian solar PV portfolio, which comprises thirteen operational assets and three ready-to-build assets.

·    The remaining seven operational assets, contracted with Telefônica, are at an advanced stage in a separate sales process under exclusivity with a Brazilian strategic player in distributed generation.

Asset realisation strategy update

The Board and Victory Hill remain focused on maximising value and returning capital to shareholders in an orderly and disciplined manner. Further updates will be provided as and when additional transactions are agreed and completed.

The Company's LEI is 213800RFHAOF372UU580.

For further information, please contact:

Deutsche Numis (Financial Adviser and Corporate Broker)

Hugh Jonathan / Matt Goss                       020 7545 8000

Edelman Smithfield (PR Adviser)

Latika Shah                                        +44 (0)7950 671 948

Victory Hill Capital Partners LLP (Investment Manager)

Navin Chauhan                                [email protected]

Ocorian Administration (UK) Limited (Company Secretary)

[email protected]

About Victory Hill Capital Partners LLP

Victory Hill Capital Partners LLP ("Victory Hill" or the "Firm") is a London-based investment firm founded in May 2020, that invests exclusively in energy and energy-related opportunities across infrastructure and private equity.

The Firm is led by its four founding partners, whose backgrounds cover investment banking, investment management, corporate finance and commercial strategy at a range of established international financial institutions. Each brings substantial experience in energy finance across conventional and renewable projects worldwide, spanning M&A, corporate finance advisory, project finance, capital markets, fund management and private asset investments.

Victory Hill supports the energy transition and the UN Sustainable Development Goals. It is a signatory of the UN Principles for Responsible Investment (UN PRI) and a supporter of the Financial Stability Board's Task Force on Climate-related Financial Disclosures (TCFD).

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