THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, BY ANY MEANS OR MEDIA, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, JAPAN, OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Net Asset Value and Dividend Announcement

Dublin, London, 27 January 2022: Greencoat Renewables PLC ("Greencoat Renewables" or the "Company") the renewable infrastructure company invested in euro-dominated assets, today announces that its unaudited Net Asset Value as of 31 December 2021 is €935.2 million (105.1c per share).

Net Asset Value

The Company's December 2021 Factsheet is available on the Company's website, www.greencoat-renewables.com.

The Company also announces a quarterly interim dividend of 1.515c per share with respect to the quarter ended 31 December 2021.

Dividend Timetable

Ex-Dividend Date:                  03 February 2022

Record Date:                          04 February 2022

Payment Date:                       25 February 2022

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            For further information on the Announcement, please contact:

            Greencoat Renewables PLC:                                                               +44 20 7832 9400

            Bertrand Gautier

            Paul O'Donnell                       

            Tom Rayner

            Davy (Joint Broker, Nomad and

            Euronext Growth Adviser)                                                                  +353 1 6796363

            Ronan Veale

            Barry Murphy

            RBC (Joint Broker)                                                                                +44 20 7653 4000

            Matthew Coakes

            Duncan Smith

            Elizabeth Evans

            FTI Consulting (Media Enquiries)                                                       +353 1 765 0886

            Jonathan Neilan

            Melanie Farrell

            About Greencoat Renewables PLC

            Greencoat Renewables PLC is an investor in euro-denominated renewable energy infrastructure assets. Initially focused solely on the acquisition and management of operating wind farms in Ireland, the Company is now also investing in wind and solar assets in certain other Northern European countries with stable and robust renewable energy frameworks. It is managed by Greencoat Capital LLP, an experienced investment manager in the listed renewable energy infrastructure sector.

Forward Looking Statements and Important Information

This announcement may include statements that are, or may be deemed to be, "forward-looking statements", including terms such as "believes", "estimates", "anticipates", "expects", "intends", "may", "plans", "projects", "will", "explore" or "should" or, in each case, their negative or other variations or comparable terminology or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to future events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. The Company's actual investment performance, results of operations, financial condition, liquidity, distribution policy and the development of its financing strategies may differ materially from the impression created by, or described in or suggested by, the forward-looking statements contained in this announcement. In addition, this announcement may include target figures for future financial periods. Any such figures are targets only and are not forecasts. Subject to their legal and regulatory obligations, Greencoat Renewables, the Directors and Greencoat Capital LLP expressly disclaim any obligations to update or revise any forward-looking statement contained herein to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based.

The financial information contained in this announcement has not been audited or reviewed by Greencoat Renewables' auditors in accordance with the International Standards on Auditing (Ireland) or International Standard on Review Engagements.