Investment in the US and Notice of Results

23 November 2022

SDCL Energy Efficiency Income Trust plc
("SEEIT" or the "Company")

Energy Efficiency Solutions Investment in New York, US

SEEIT has signed an agreement to finance the design, acquisition and installation of energy efficiency solutions across various buildings in the US for BlocPower Energy Services 2 LLC ("BlocPower" or the "borrower"), a wholly owned subsidiary of leading energy efficiency developer BlocPower LLC, through a 10% participation in a US$80m loan facility (the "Facility").

BlocPower provides energy efficiency solutions (e.g. heat pumps, LED lighting, Solar PV, battery storage) to decarbonise and electrify buildings, targeting small and medium-sized enterprises and low-to-moderate income communities in New York State initially, with potential to expand into other states (the "Project"). Capital expenditure required per site is expected to be ca. US$100-150k, generating significant diversification in counterparties across the Project.

The Facility will be used by BlocPower to finance the capex of new projects in the US, and SEEIT will benefit from long-term stable cashflows, through contracted debt repayments amortising over 10-12 years and with a fixed interest rate at the time of funding linked to the credit support provided for each project. The Facility will be secured by a first priority lien on the assets of the borrower and all equity interests of the borrower's parent, plus a pledge on the collections account.

Notice of Results

SDCL Energy Efficiency Income Trust plc will announce its Interim Results for the six-month period ended 30 September 2022 on Thursday 8 December 2022.

There will be a presentation for analysts and investors at 9.00am on 8 December. For details please email [email protected].

For Further Information

About SEEIT

SDCL Energy Efficiency Income Trust plc is a constituent of the FTSE 250 index. It was the first UK listed company of its kind to invest exclusively in the energy efficiency sector. Its projects are primarily located in the UK, Europe and North America and include, inter alia, a portfolio of cogeneration assets in Spain, a portfolio of commercial and industrial solar and storage projects in the United States, a regulated gas distribution network in Sweden and a district energy system providing essential and efficient utility services on one of the largest business parks in the United States.

The Company aims to deliver shareholders value through its investment in a diversified portfolio of energy efficiency projects which are driven by the opportunity to deliver lower cost, cleaner and more reliable energy solutions to end users of energy.

The Company is targeting an attractive total return for shareholders of 7-8 per cent. per annum (net of fees and expenses and by reference to the initial issue price of £1.00 per Ordinary Share), with a stable dividend income, capital preservation and the opportunity for capital growth. The Company is targeting an aggregate dividend of 6.00p per share in respect of the financial year to 31 March 2023. SEEIT's last published NAV was 108.4p per share as at 31 March 2022.

Past performance cannot be relied on as a guide to future performance.

Further information can be found on the Company's website at www.seeitplc.com.

Investment Manager

SEEIT's investment manager is Sustainable Development Capital LLP, an investment firm established in 2007, with a proven track record of investment in energy efficiency and decentralised generation projects in the UK, Continental Europe, North America and Asia.

SDCL is headquartered in London and also operates worldwide from offices in New York, Dublin, Madrid, Hong Kong and Singapore. SDCL is authorised and regulated in the UK by the Financial Conduct Authority.

Further information can be found on at www.sdclgroup.com.