14 November 2023

Inspired plc

("Inspired" or the "Group")

Refinancing of existing £60.0 million revolving credit facility

Inspired (AIM: INSE), a leading technology enabled service provider supporting businesses in their drive to reduce energy consumption, deliver net-zero, control energy costs and manage their response to climate change, has entered into a new £60.0 million revolving credit facility agreement (the "Facility") with Santander UK plc and Bank of Ireland plc (the "Banks"), replacing its current £60.0 million facility ("Existing Facility") with the Banks which was due to mature in October 2024.

Summary of the Facility

Commenting on the Facility Paul Connor, Chief Financial Officer of Inspired, said: "We look forward to continuing our relationship with both Santander and Bank of Ireland. Our longstanding relationship with them has been instrumental in the growth of Inspired, and the Board greatly values their ongoing support.

"The Facility continues to provide the Group with the headroom and flexibility to execute on our organic growth strategy as we seek to capitalise on the substantial opportunity within the Optimisation and ESG divisions. The Facility has been structured to align with the Board's focus on cash generation and ambition to reduce adjusted leverage to below 1.00x of Adjusted EBITDA."

Note

*Interest Cover means the ratio of Adjusted EBITDA to net finance charges in respect of any Relevant Period

**Adjusted Net Leverage means, the ratio of total net debt on the last day of that Relevant Period to Adjusted EBITDA in respect of that Relevant Period.

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