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, 02 May 2023: Greencoat Renewables PLC ("Greencoat Renewables" or the "Company") today announces that its unaudited Net Asset Value as of 31 March 2023 is €1,278 million (112.0c per share).

Net Asset Value

The Company's March 2023 Factsheet is available on the Company's website, www.greencoat-renewables.com.

The Company also announces a quarterly interim dividend of 1.605c per share with respect to the quarter ended 31 March 2023.

Dividend Timetable

Ex-Dividend Date:                  11 May 2023

Record Date:                          12 May 2023

Payment Date:                       02 June 2023

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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 Listing Sponsor)                                                                     +353 1 6796363

            Ronan Veale

            Brian Garrahy 

            RBC (Joint Broker)                                                                                          +44 20 7653 4000

            Matthew Coakes

            Elizabeth Evans

            FTI Consulting (Media Enquiries)                                                                   +353 1 765 0886

            Melanie Farrell                                                                           greencoat@fticonsulting.com

            Orla Cox

            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 European countries with stable and robust renewable energy frameworks. It is managed by Schroders Greencoat 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 Schroders Greencoat 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.