30 June 2022

Riverstone Credit Opportunities Income Plc

Share Buyback Programme Initiated

Riverstone Credit Opportunities Income Plc (the "Company" or "RCOI") announces that it has appointed J.P. Morgan Securities plc (which conducts its UK investment banking activities as J.P. Morgan Cazenove) ("J.P. Morgan Cazenove") to act as its broker to commence market purchases of its own shares (the "buybacks").

The buybacks will be undertaken for the purpose of allowing the Company to return some of its uncommitted capital to shareholders and in recognition of the Company's current discount to NAV.

The buybacks will be funded from the Company's existing resources.

The buybacks will be made pursuant to the authority granted at the annual general meeting of the Company held on 18 May 2022, pursuant to which it has authority to repurchase a maximum of 13,722,652 of its ordinary shares (being its outstanding shareholder authority). Such authority lasts until the next annual general meeting of the Company (or other such general meeting of shareholders at which authority to buy back shares is obtained).

No maximum consideration payable has been determined by the Company, but the Company is unable to pay a price for any shares pursuant to the buybacks which would equate to a premium on the net asset value of such shares.

Reuben Jeffery, Chairman, said:

"We have great confidence in the strategy, assets and differentiated approach of RCOI, with its increasing focus on energy infrastructure and energy-transition loans that have a green or sustainability-linked element as well as the outstanding portfolio performance since listing to date. We believe that the current discount to NAV does not accurately reflect the fund's portfolio quality and pipeline."

This arrangement is in accordance with the Company's general authority to repurchase shares and (although not strictly applicable to the Company) the parameters set out in Listing Rules 12.4.1 and 12.4.2 of the Financial Conduct Authority's Listing Rules.

For Further Information:

Riverstone Credit Opportunities Income Plc:

Adam Weiss                                                                                                       Tel: +1 212 271 2953

J.P. Morgan Cazenove:

 
Jérémie Birnbaum (Corporate Finance)                                                 Tel: +44 (0)20 7742 4000

James Bouverat (Sales)                                                                                 Tel: +44 (0)20 7134 2223
Email: [email protected]

Carrie Fox (Sales Trader)                                                                               Tel: +44 (0)20 7742 4463
Email: [email protected]

Charlotte Twigden (Sales Trader)                                                              Tel: +44 (0)20 7742 8805
Email: [email protected]

Media Contacts:

About Riverstone Credit Opportunities Income Plc:

RCOI lends to companies that build and operate the infrastructure used to generate, transport, store and distribute both renewable and conventional sources of energy, and companies that provide services to that infrastructure. RCOI is strategically repositioning towards companies seeking to facilitate the energy transition by decarbonizing the energy, industrial and agricultural sectors, building sustainable infrastructure and reducing or sequestering carbon emissions. The Company seeks to ensure that its investments are having a positive impact on climate change by structuring each deal as either a green loan or a sustainability-linked loan, documented using industry best practices.

For further details, see https://www.riverstonecoi.com/.

Neither the contents of RCOI's website nor the contents of any website accessible from hyperlinks on the websites (or any other website) is incorporated into, or forms part of, this announcement.