Share buyback programme completion

23 October 2026

The Renewables Infrastructure Group Limited

The Renewables Infrastructure Group Limited ("TRIG" or "the Company") is a London-listed renewable energy investment company. TRIG creates shareholder value through a resilient dividend and long-term capital growth, underpinned by a diversified portfolio of renewable energy infrastructure that is actively managed by specialist investment and operations managers.

Share buyback programme completion

The Company has concluded its £150 million share buyback programme (the “Share Buyback”). The Share Buyback has delivered 2.1p of Net Asset Value (“NAV”) per share accretion. 193 million shares have been repurchased, representing approximately 8% of the Company’s shares that were in issue prior to the start of the Share Buyback.

Share repurchases remain an important part of TRIG’s disciplined capital allocation strategy, alongside reducing borrowings under the Revolving Credit Facility and investing in TRIG’s organic, higher-returning construction and development pipeline. Share repurchases continue to provide the hurdle rate for new investments on a risk-adjusted basis and further share buybacks beyond the Share Buyback will be considered following the future realisation of capital from asset sales or debt issuance.

Enquiries

InfraRed Capital Partners Limited                              +44 (0) 20 7484 1800
Minesh Shah

Phil George

Mohammed Zaheer

SEC Newgate                                                             +44 (0) 20 3757 6767 / [email protected]

Matthew Jervois
Elisabeth Cowell

Investec Bank Plc                                                      +44 (0) 20 7597 4000

Lucy Lewis

Tom Skinner

BNP Paribas                                                             +44 (0) 20 7595 9444

Virginia Khoo

Carwyn Evans

Notes

The Company

The Renewables Infrastructure Group Limited ("TRIG" or "the Company") is a London-listed renewable energy investment company. TRIG creates shareholder value through a resilient dividend and long-term capital growth, underpinned by a diversified portfolio of renewable energy infrastructure that is actively managed by specialist investment and operations managers.

TRIG is invested in a portfolio of wind, solar and battery storage projects across six markets in Europe with a net operational capacity of 2.3GW. In 2025, the portfolio generated enough renewable electricity to power the equivalent of 1.6 million homes and to avoid 1.8 million tonnes of carbon emissions per annum.

Further details can be found on TRIG's website at www.trig-ltd.com.

Investment Manager

InfraRed is a leading international mid-market infrastructure asset manager. Over the past 25 years, InfraRed has established itself as a highly successful developer, particularly in early-stage projects, and an active steward of essential infrastructure.

InfraRed manages US$13bn of equity capital1 for investors around the globe in listed and private funds across both core and value-add strategies.

InfraRed combines a global reach, operating worldwide from offices in London, Frankfurt, Madrid, New York, Miami, Sydney and Seoul, with deep sector expertise from a team of more than 160 people.

InfraRed is part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life, and benefits from its scale and global platform.

For more information, please visit www.ircp.com.

1 Uses five-year average FX as at 31 December 2025. GBP/USD of 1.2900; EUR/USD of 1.1125. EUM is US$13.3bn.

Operations Manager

TRIG's Operations Manager is RES ("Renewable Energy Systems"). RES is the world’s largest independent renewable energy company, working across 24 countries and active in wind, solar, energy storage, biomass, hydro, green hydrogen, transmission, and distribution. An industry innovator for over 40 years, RES has delivered more than 29GW of renewable energy projects across the globe.

As a service provider, RES has the skills and experience in asset management, operations and maintenance (O&M), and spare parts – supporting 45GW of renewable assets worldwide. RES brings to the market a range of purposeful, practical technology-based products and digital solutions designed to maximise investment and deployment of renewable energy. RES is the power behind a clean energy future where everyone has access to affordable zero carbon energy bringing together global experience, passion, and the innovation of its 4,500 people to transform the way energy is generated, stored and supplied.

Further details can be found on the website at www.res-group.com.