23 March 2021

JLEN Environmental Assets Group Limited

("JLEN" or the "Company")

Acquisition of an electrical exporting anaerobic digestion plant in Nottinghamshire, UK

JLEN, the listed environmental infrastructure fund, is pleased to announce the acquisition of a 100% equity stake in Rainworth Energy Limited ("REL"), for a consideration of £5.8m subject to adjustment for working capital.

REL holds the rights and operational assets that make up the Rainworth anaerobic digestion ("AD") plant, a 2.2MW electrical plant based in Nottinghamshire, UK, close to an existing AD plant held by JLEN, Biogas Meden.  The plant has been operational since 2016 and supplies both heat and power to Center Parcs' Sherwood Forest resort.  The plant is permitted to accept up to 42,400tpa of feedstock per year and is accredited under both the Feed-in-Tariff (FiT) and the Renewable Heat Incentive (RHI) schemes.  The plant has been acquired from a consortium of sellers.

This investment represents a further acquisition in the UK agricultural anaerobic digestion market, where JLEN is a leading investor.   JLEN  has an established AD portfolio with a strong operational track record. The acquisition increases the total capacity of renewable energy assets in the JLEN investment portfolio to 310.7MW. The investment was funded by a drawdown from JLEN's revolving credit facility.

Richard Morse, Chairman of JLEN, said:

"We are pleased with JLEN's latest investment into the AD sector, bringing the total number of agricultural AD plants in the portfolio to nine.   We look forward to supplying Center Parcs with a combination of renewable heat and electricity and providing organic fertiliser to the local farming community."

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About JLEN

JLEN's investment policy is to invest in a diversified portfolio of Environmental Infrastructure. Environmental Infrastructure is defined by the Company as infrastructure assets, projects and asset-backed businesses that utilise natural or waste resources or support more environmentally friendly approaches to economic activity, support the transition to a low carbon economy or which mitigate the effects of climate change. Such investments will typically feature one or more of the following characteristics:

·    long-term, predictable cash flows, which may be wholly or partially inflation-linked cash flows;

·    long-term contracts or stable and well-proven regulatory and legal frameworks; or

·    well-established technologies, and demonstrable operational performance

JLEN's aim is to provide investors with a sustainable progressive dividend per share, paid quarterly and to preserve the capital value of the portfolio over the long term on a real basis. The target dividend for the year to 31 March 2021 is 6.76¹ pence per share.  The dividend is payable quarterly.

Further details of the Company can be found on its website www.jlen.com

 LEI: 213800JWJN54TFBMBI68

1) These are targets only and not profit forecasts.  There can be no assurance that these targets will be met or that the Company will make any distributions at all.