17 June 2025

Foresight Solar Fund Limited

("Foresight Solar", "FSFL" or the "Company")

Results of 2025 Annual General Meeting

Foresight Solar, the fund investing in solar and battery storage assets to build income and growth, announces that all resolutions were voted on by way of a poll at its 2025 Annual General Meeting, held on 17 June 2025. The results, including all proxy votes received, are set out below.

¹Resolutions 1 to 11 were proposed as ordinary resolutions and resolutions 12 to 15 were proposed as special resolutions

²Includes discretionary votes on resolutions 1 to 14

³Includes discretionary votes on resolution 15

⁴Shares held in treasury count to the total issued share capital but are not voted

⁵A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution

The board is encouraged that a significant majority of shareholders voted for the continuation of Foresight Solar and is grateful to shareholders for supporting its recommendations. The directors acknowledge that 52,415,503 votes, representing 8.59% of Foresight Solar's total issued Ordinary Shares and 13.62% of the valid votes at the AGM, were cast in favour of Resolution 15 and for the discontinuation of the Company in its current form.

Since the beginning of 2024, the board and its advisors have intensified their active engagement programme and have regularly consulted with shareholders to better understand their views and priorities. Throughout that time, investors have expressed a range of preferences to address the headwinds affecting the renewables infrastructure investment trust sector.

The directors have sought to allay those concerns and deliver the best possible outcome for the majority of shareholders - and will continue to do so.

Alex Ohlsson, Chair of Foresight Solar, said: "Over the last 18 months, the board and its advisors have held more than 80 meetings with current, former and prospective investors to understand their views, discuss FSFL's income and growth strategy and to detail the actions in place to reduce the share price discount relative to the Company's net asset value.

"We have been pursuing the potential benefits of consolidation, having made a proposal for a combination with another investment trust. We continue to explore all options available to deliver value for shareholders. In addition to that, we are executing one of the largest share buyback programmes in the sector relative to NAV; we are moving ahead with our phased divestment programme; we have strengthened Foresight Solar's balance sheet; and we have implemented a new fee structure to reduce costs for shareholders and better align the investment manager's incentives.

"It is comforting to see a significant majority of investors has recognised these efforts and chosen to give the Company time to progress its strategic initiatives. We remain fully committed to deliver the best outcome for shareholders and will keep the market informed of next steps."

Notes

Every shareholder has one vote for every Ordinary Share held. As at close of business on Friday, 13 June 2025, the share capital of the Company consisted of 609,958,720 Ordinary Shares with voting rights, of which 53,420,275 were held in treasury.

In accordance with Listing Rule 9.6.2, copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

For more information, follow Foresight Solar on LinkedIn or contact:

LEI: 213800VO4O83JVSSOX33