THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT MAY CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE UK'S MARKET ABUSE REGULATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, SUCH INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

LEI: 254900VC23329JCBR9G82

11 April 2024

Asian Energy Impact Trust plc

(the "Company" or "AEIT")

Conclusion of the Strategic Review

Further to previous announcements, the Board has concluded its strategic review of the options for the Company's future. Following careful consideration of the options available to the Company after consultation with its advisers and having taken into account feedback from investors representing a significant proportion of AEIT's issued share capital, the Board has concluded that it is in the best interests of shareholders as a whole to put forward a proposal for the orderly realisation of AEIT's assets, to be effected in a manner that seeks to achieve a balance between maximising the value of its investments and progressively returning cash to shareholders in a timely manner (the "Proposal"). The Proposal, on which further details will be provided in due course, will be subject to shareholder approval at a general meeting, which is expected to be held in Q2 2024.

The Board expects that, subject to shareholders approving the Proposal, Octopus Energy Generation, the Company's transitional investment manager, will be appointed to continue to manage AEIT's investments and their orderly realisation.

Sue Inglis, Chair of Asian Energy Impact Trust plc, said: "The Board is grateful for shareholders' support during a difficult period for the Company. Although the Board and many shareholders continue to believe in the Company's fundamental mission, following a comprehensive strategic review, the Board has concluded that an orderly realisation of the Company's investments and the progressive return of surplus cash to shareholders is now the best option for shareholders as a whole."

The person responsible for arranging the release of this announcement on behalf of the Company is Uloma Adighibe of JTC (UK) Limited, the Company Secretary.

Enquiries:

About Asian Energy Impact Trust plc

Asian Energy Impact Trust plc ("AEIT" or the "Company", formerly ThomasLloyd Energy Impact Trust plc) is a closed‑ended investment company incorporated in England and Wales.

The Company's ordinary shares were admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the premium listing segment of the main market of the London Stock Exchange on 14 December 2021.

The Company has a triple return investment objective which consists of:

(i)      providing shareholders with attractive dividend growth and prospects for long-term capital appreciation   (the financial return);

(ii)      protecting natural resources and the environment (the environmental return); and

(iii)     delivering economic and social progress, helping build resilient communities and supporting purposeful    activity (the social return).

The Company seeks to achieve its investment objective by investing in a diversified portfolio of unlisted sustainable energy infrastructure assets in the areas of renewable energy power generation, transmission infrastructure, energy storage and sustainable fuel production, with a geographic focus on fast‑growing and emerging economies in Asia.

With effect from 1 November 2023, the Company appointed Octopus Energy Generation as its transitional investment manager until 30 April 2024.

About Octopus Energy Generation

Octopus Energy Generation is driving the renewable energy agenda by building green power for the future. Its London-based, leading specialist renewable energy fund management team invests in renewable energy assets and broader projects helping the energy transition, across operational, construction and development stages. The team was set up in 2010 based on the belief that investors can play a vital role in accelerating the shift to a future powered by renewable energy. It has a 13-year track record with approximately £6 billion of assets under management (AUM) (as of September 2023) across 16 countries and total 3.2GW. These renewable projects generate enough green energy to power 2.3 million homes every year, the equivalent of taking over 1.2 million petrol cars off the road. Octopus Energy Generation is the trading name of Octopus Renewables Limited.  

Further details can be found at www.octopusenergygeneration.com