Statement regarding ownership of Manager

21 December 2021

Greencoat UK Wind plc

Statement regarding ownership of Greencoat UK Wind's Investment Manager

The Board of Greencoat UK Wind plc notes the announcement from Schroders plc that it has agreed to acquire a 75% shareholding in Greencoat Capital, the investment manager of Greencoat UK Wind. 

There is no change expected to the relationship with the investment manager, and the Greencoat Capital team that has led Greencoat UK Wind for the past nine years will remain in place. There is also no change to the investment strategy, which continues to be overseen by the Board and approved by the shareholders. 

The Board welcomes the transaction, and the additional capabilities which Schroders will bring to Greencoat Capital.

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Notes to Editors:

Greencoat UK Wind PLC ("UKW"), the leading listed renewable infrastructure fund, invested in UK wind farms, has invested in 40 operating UK wind farms with net generating capacity of 1,289.8MW. The Company's aim is to provide investors with an annual dividend that increases in line with RPI inflation (7.18p for 2021)^[3] while preserving the capital value of its investment portfolio in the long term on a real basis through reinvestment of excess cash flow and the prudent use of gearing.

UKW is managed by an experienced team at Greencoat Capital LLP, a leading European renewable investment manager with over £6 billion of assets under management. UKW is governed by a strong and experienced independent board.