Greencoat Renewables PLC Fund Data

NAV underperformance partially offset by solid operating cash generation: Q4 NAV down 2.5c at 99.0c: +2.4c Q4 cash generation, offset by -1.7c of dividends paid and -0.5c for depreciation -0.2c reflecting change in contracted discount rates in Germany and France -0.5c short term power price decrease -0.3c reduction of GoOs forecasts (across Europe) -1.0c operational budget updates -0.5c Irish dispatch down -0.2c others

NAV underperformance partially offset by solid operating cash generation: Q4 NAV down 2.5c at 99.0c: +2.4c Q4 cash generation, offset by -1.7c of dividends paid and -0.5c for depreciation -0.2c reflecting change in contracted discount rates in Germany and France -0.5c short term power price decrease -0.3c reduction of GoOs forecasts (across Europe) -1.0c operational budget updates -0.5c Irish dispatch down -0.2c others