Company Announcements

29 July 2022

LEI: 213800B81BFJKWM2JV13

Octopus Renewables Infrastructure Trust plc

("ORIT" or the "Company")

Dividend Declaration

The Board of Octopus Renewables Infrastructure Trust plc is pleased to declare an interim dividend in respect of the period from 1 April 2022 to 30 June 2022 of 1.31 pence per ordinary share, payable on 26 August 2022 to shareholders on the register at 12 August 2022 (the "Q2 2022 Dividend"). The ex-dividend date will be 11 August 2022.

The Q2 2022 Dividend is in line with the Company's dividend target for the financial year from 1 January 2022 to 31 December 2022 of 5.24 pence per ordinary share.*

As detailed in the Company's prospectus dated 10 June 2021 (the "Prospectus"), a portion of the Company's dividends will be designated as an interest distribution for UK tax purposes. The interest streaming percentage for the Q2 2022 Dividend is 48.8%.

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*The dividend and return targets stated in this announcement 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 and they should not be taken as an indication of the Company's expected future results. The Company's actual returns will depend upon a number of factors, including but not limited to the Company's net income and level of ongoing charges. Accordingly, potential investors should not place any reliance on these targets and should decide for themselves whether or not the target dividend and target net total shareholder return are reasonable or achievable. Investors should note that references in this announcement to "dividends" and "distributions" are intended to cover both dividend income and income which is designated as an interest distribution for UK tax purposes and therefore subject to the interest streaming regime applicable to investment trusts.

Notes to editors

About Octopus Renewables Infrastructure Trust

Octopus Renewables Infrastructure Trust plc is a closed end investment company incorporated in England and Wales focused on providing investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of renewable energy assets in Europe and Australia.

Further details can be found at www.octopusrenewablesinfrastructure.com

About Octopus Renewables

Octopus Renewables is the fund management specialist which is part of Octopus Energy's generation business. Octopus Renewables is one of Europe's largest investors in renewable energy, launched in 2010 with a mission to accelerate the transition to a future powered by renewable energy.

The team manages 3 GW of renewable energy assets like wind and solar farms worth over £4bn spanning eight countries. These renewable projects generate enough green energy to power two million homes every year, and is the equivalent of taking over 800,000 petrol cars off the road.

There is a significant opportunity to unblock much needed investment by building bespoke portfolios of renewable assets at scale, across technologies and countries, to create better outcomes for investors.

Further details can be found at www.octopusrenewables.com

Neither the content of any website referred to in this announcement nor the content of any website accessible from hyperlinks is incorporated into, or forms part of, this announcement.