3 April 2023

JLEN Environmental Assets Group Limited

Extension of Revolving Credit Facility

The Board of JLEN Environmental Assets Group Limited ("JLEN" or the "Company"), is pleased to announce that it has signed a one-year extension to its existing £170 million Revolving Credit Facility ("RCF") and has activated its £30 million accordion facility, allowing the Company to pursue its pipeline of attractive environmental infrastructure opportunities.

The extended facility will reach maturity in May 2025 and the interest charged continues to be linked to the Company's ESG performance with the margins ranging between 195bps and 205bps over SONIA ('Sterling Overnight Index Average') for Sterling and Euro borrowings.

Lenders to the facility include four of the five existing lenders (HSBC, ING, National Australia Bank, Royal Bank of Scotland) plus one new lender (Clydesdale Bank).

Ed Warner, Chair of JLEN commented: "We are delighted with the extension of the RCF under existing terms despite the challenging credit environment. This is a testament to the strength of our investment strategy, and the loan facility enables us to continue to develop our investment pipeline of diversified environmental infrastructure assets."

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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 2023 is 7.14 pence per share¹.  The dividend is payable quarterly.

JLEN is an Article 9 fund under the EU Sustainable Finance Disclosure Regulation and has a transparent and award winning approach to ESG.

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.