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Octopus Renewables Infrastructure Trust plc

(“ORIT” or the “Company”)

Investment Management Update

The board of Octopus Renewables Infrastructure Trust plc (the “Board”) notes today’s press release by Octopus Energy Group regarding its proposed acquisition of Octopus Renewables, which is subject, amongst other things, to regulatory approval.

The Board has been in active discussions with Octopus in relation to this transaction and notes that there will be no change to Octopus Renewables’ leadership or people, and specifically, ORIT’s investment management team will remain the same and service levels will be uninterrupted by the transaction.

The Company will make a further announcement on completion of the acquisition, which is currently expected to occur in June 2021.

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