28 September 2022

Triple Point Energy Transition plc

(the "Company" or together with its subsidiaries, the "Group")

 PURCHASE OF ORDINARY SHARES UNDER THE INVESTMENT MANAGEMENT AGREEMENT

The Company announces that, in accordance with the terms of the Investment Management Agreement with Triple Point Investment Management LLP ("Triple Point" or the "Investment Manager"), pursuant to which the Investment Manager shall procure that 20 per cent. of the investment management fee shall be applied by subscribing for or acquiring Ordinary Shares in the capital of the Company ("Management Shares"), the Investment Manager purchased 41,550 ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares") at an average price of 80.86 pence per share on 27 September 2022. This purchase of Management Shares was made by Perihelion One Limited ("Perihelion"), a company in the Triple Point Group.

The Investment Manager now holds a total of 714,512 Ordinary Shares in the Company, representing approximately 0.71% of the total issued share capital.

FOR FURTHER INFORMATION, PLEASE CONTACT:

LEI: 213800UDP142E67X9X28

Further information on the Company can be found on its website: http://www.tpenergytransition.com/

NOTES:

The Company is an investment trust which aims to have a positive environmental impact by investing in assets that support the transition to a lower carbon, more efficient energy system and help the UK achieve Net Zero.

Since its IPO in October 2020, the Company has made the following investments and commitments:

·        Harvest and Glasshouse: provision of £21m of senior debt finance to two established combined heat and power ("CHP") assets, located on the Isle of Wight, supplying heat, electricity and carbon dioxide to the UK's largest tomato grower, APS Salads ("APS") - March 2021

·        Spark Steam: provision of £8m of senior debt finance to an established CHP asset in Teeside supplying APS, as well as a further power purchase agreement through a private wire arrangement with another food manufacturer - June 2021

·        Hydroelectric Portfolio (1): acquisition of six operational, Feed in Tariff ("FiT") accredited, "run of the river" hydroelectric power projects in Scotland, with total installed capacity of 4.1MW, for an aggregate consideration of £26.6m (excluding costs) - November 2021

·        Hydroelectric Portfolio (2): acquisition of a further three operational, FiT accredited, "run of the river" hydroelectric power projects in Scotland, with total installed capacity of 2.5MW, for an aggregate consideration of £19.6m (excluding costs) - December 2021

·        BESS Portfolio: commitment to a debt facility of £45.6m to a subsidiary of Virmati Energy Ltd (trading as "Field"), for the purposes of building a portfolio of four geographically diverse Battery Energy Storage System ("BESS") assets in the UK with a total capacity of 110MW - March 2022

·        Energy Efficient Lighting: Commitment to fund £1m to a lighting solutions provider to install efficient lighting and controls at a leading logistics company - June 2022

The Investment Manager is Triple Point Investment Management LLP ("Triple Point") which is authorised and regulated by the Financial Conduct Authority. Triple Point manages private, institutional, and public capital.

The Company was admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 19 October 2020 and was awarded the London Stock Exchange's Green Economy Mark.