Foresight Solar Fund Limited : Acquisition and Extension of Acquisition Facility

24 July 2015

Foresight Solar Fund Limited: Acquisition and Extension of Acquisition Facility  
Foresight Solar Fund Limited ("FSFL" or the "Company") is pleased to announce that it has completed the acquisition of a portfolio of three operational assets totalling 34MW through a Joint Venture with Big60Million Limited.

The 15MW Atherstone and 10MW Southam assets are located in Warwickshire, and the 9MW Paddock Wood asset is located in Kent. All three assets were connected to the Grid in March 2015 and have received Renewable Obligation Certificate ("ROC") accreditation at the rate of 1.4ROCs/MWh.

Through the Joint Venture, the Company will own majority positions in the three assets as follows:

• Atherstone: 78%
• Paddock Wood: 59%
• Southam: 70%

The acquisition of the portfolio has been funded using equity proceeds raised in the Company's June 2015 placing.

In addition, the Company is pleased to confirm the extension of its existing acquisition facility from £120m to £150m. The facility will continue to be provided equally by RBS and Santander at the terms shown below:

The facility has been extended in order to take advantage of an attractive pipeline of exclusive assets including, as previously announced, a 51MW 1.4 ROC operational portfolio. The Company expects to repay the acquisition facility through refinancing with a long-term debt facility and/or further equity issuance under its Placing Programme.

ENDS