17 August 2023

The Renewables Infrastructure Group Limited (the "Company")

Scrip Share Reference Price

The reference price of a new Ordinary Share under the Company's Scrip Dividend Alternative for the second quarterly interim dividend for the financial year ending 31 December 2023 (the "Q2 Dividend") has been set at 132.2 pence, being the prevailing Net Asset Value per Ordinary Share of 132.2 pence (as at 30 June 2023, announced on 4 August).

The final date for shareholders to elect to receive Scrip Shares, or to revoke a Scrip Dividend Mandate in the event that a shareholder does not wish to receive Scrip Shares at a premium to the prevailing Ordinary Share price, is 6 September 2023 (the "Scrip Election Deadline").

Further details of the Scrip Dividend Alternative to the Q2 Dividend can be found in the circular to shareholders published by the Company on 30 March 2023 in respect of the scrip dividend (the "Scrip Circular").  The Scrip Circular is available on the Company's website to view and/or download at: www.trig-ltd.com in the Investors, 'Reports & Publications' section.  It is also available from the National Storage Mechanism website (https://data.fca.org.uk/#/nsm/nationalstoragemechanism).

If all eligible Shareholders were to elect to receive the Q2 Dividend of 1.795p per share in cash (ignoring any dividend waivers), the total cash dividend payable by the Company would be approximately £44.58m.

If all eligible Shareholders were to elect to receive Scrip Shares instead of cash in respect of their entire holdings, approximately 33.72 million Scrip Shares would be issued based on the reference price (ignoring any dividend waivers and any rounding down in respect of fractions), representing approximately 1.36% of the issued Ordinary Share capital of the Company as at today's date.

The Q2 Dividend payment date and the date for admission and dealing of the new Ordinary Shares to be issued pursuant to the Scrip Dividend Alternative is expected to be 29 September 2023 unless otherwise advised.

Capitalised terms used in this announcement shall have the meanings attributed to them in the Scrip Circular unless otherwise defined.

IMPORTANT NOTICE: Notwithstanding the above, shareholders should note that the Company is unlikely to offer the Scrip Dividend Alternative if the discount to the prevailing Net Asset Value per Ordinary Share at which the Ordinary Shares are trading exceeds 10 per cent. at the time of the Scrip Dividend Mandate deadline of 6 September 2023.   

LEI: 213800NO6Q7Q7HMOMT20

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