18 August 2026

Foresight Solar Fund Limited

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

Portfolio enhancement programme to improve UK production by up to 14 GWh

●     Enhancing nine UK solar sites totalling over 150 MW of capacity, representing approximately 20% of the Company's UK portfolio.

●     The panel and inverter upgrades are expected to be concluded by summer 2027.

●     The programme aims to generate up to £2.5 million in revenue per year and contribute to dividend cover.

Foresight Solar, the fund investing in solar and battery storage assets to generate income and deliver long-term growth, is investing in a programme of upgrades designed to improve electricity generation and revenues, strengthen dividend cover and support long-term shareholder returns.

The enhancements, also known as revamping, involve replacing components such as solar panels and inverters with newer, more efficient equipment. The planned works cover nine sites representing more than 150 MW of capacity, about 20% of the UK portfolio, and are scheduled to be finalised by summer 2027.

Once fully implemented, the programme is expected to deliver up to £2.5 million of annual revenue, contributing approximately 0.05x towards the Company's dividend cover. At the current 8.10 pence per share target, the Investment Manager calculates the dividend will be 1.1x covered in 2026.

Early projects are already delivering results

Two recently completed projects illustrate the benefits of this approach:

·     At Abergelli, an 8 MW site, older inverters were replaced.

·     At Pen Y Cae, a 7 MW solar farm, new and more efficient panels were installed. With the extended sunshine during this British summer, the plant recorded its best ever monthly generation in July, when it produced 1,195 MWh of electricity - enough to power 443 UK homes for an entire year.

The works restored performance and prepared the assets for operation beyond their Renewables Obligation subsidy periods, which will expire over the next decade. Generation has since recovered strongly, supporting expectations of higher revenues and cash generation.

Quantifying the programme's benefits

The completed projects form part of a wider enhancement programme that could increase electricity generation by up to 14 GWh each year, a c.2% increase in current production levels in Foresight Solar's core market.

The additional electricity is equivalent to powering 5,321 UK homes for 12 months. It also equates to avoiding more than 4,850 tonnes of carbon dioxide equivalent from going into the atmosphere.

Executing the works

To support delivery, the Investment Manager has already secured the required replacement panels and inverters, and has drawn on long-standing relationships with engineering, procurement and construction contractors to support the programme's timetable.

Will Morgan, Foresight Solar's Lead Investment Manager, said: "Enhancements are an efficient way to improve performance, increase revenues and drive long-term value for shareholders. By drawing on maintenance reserves to finance the works, when possible, we're able to realise upside with minimal extra cash requirements. These types of initiatives reflect our commitment to operational excellence and a track record we're proud of, with our UK portfolio outperforming budgets in nine of the last 12 years."

Further information on this enhancement programme is available on the Company's website: https://www.foresightsolar.com/media-centre/foresight-solar-enhancement-programme-introduction.

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LEI: 213800VO4O83JVSSOX33