Company Announcements

VH Global Sustainable Energy Opportunities plc

12 September 2022

VH Global Sustainable Energy Opportunities has agreed to acquire three solar PV sites in Australia for £21.2m

VH Global Sustainable Energy Opportunities ("GSEO", the "Company") - the London-listed investment company advised by Victory Hill Capital Advisors LLP focused on energy infrastructure that is essential for the global transition towards net zero - has agreed to acquire and build three fully-permitted solar PV sites for £21.2m as part of the existing £50m commitment to its Australian solar PV and storage investment programme (the "Australian Energy Transition Programme").

The Australian Energy Transition Programme was originally announced in August 2021 with operating partner Birdwood Energy. Phase I, announced in late 2021, consisted of the acquisition of two operating solar PV sites with a combined capacity of 17MW. Phase II, being the construction of co-located battery storage systems ("BESS") has already commenced on one of the two Phase I sites. The addition of BESS will allow greater optionality to capture positive power price movements, prevent over-exposure to negative power prices, and allow them to earn revenues from providing frequency response services to the local grid.

Today's announcement relates to Phase III of the Australian Energy Transition Programme and comprises an initial three new solar PV sites of 5MW each, located in New South Wales. The construction of these three sites is expected to begin in Q3 2022 with completion and commissioning expected in Q2 2023. The Company retains exclusivity over a further two sites of 5MW each under Phase III.

Expected full deployment in relation to Phases I, II and III of the Australian Energy Transition Programme remains in line with the Company's original £50m commitment.

As part of a potential Phase IV of the Australian Energy Transition Programme, the Company is also evaluating, subject to further due diligence, the ability to construct BESS alongside the Phase III assets.

All solar PV generation assets are expected to combine merchant sales and long-term corporate PPA revenues as well as Large-scale Generation Certificates. In addition, investors are expected to benefit from revenues stemming from profitable energy arbitrage opportunities and frequency services revenues.

The expected annual returns from the Australian Energy Transition Programme exceed the Company's target annual dividend and total return.

www.vh-gseo.com

The Company's LEI is 213800RFHAOF372UU580.

For further information, please contact:

Edelman Smithfield (PR Adviser)

Ged Brumby                      + 44 (0)7540 412 301

Kanayo Agwunobi            +44 (0)758 101 0560

Victory Hill Capital Advisors LLP (Investment Adviser)

Navin Chauhan                 info@victory-hill.com

Numis (Joint Corporate Broker)

David Benda                       +44 (0)20 7260 1000

Matt Goss

Alvarium Securities Limited (Joint Corporate Broker)

Mark Thompson               +44 (0)20 7016 6711

Eddie Nissen                      +44 (0)20 7016 6713

Oliver Kenyon                    +44 (0)20 7016 6704

G10 Capital Limited (AIFM)

Mohammed Rahman     + 44 (0)20 7397 5450

Paul Cowland

Apex Fund and Corporate Services (UK) Limited (Company Secretary)

Geetika Dayal                    +44 (0)7903 820 161

About Victory Hill Capital Advisors LLP

Victory Hill Capital Advisors LLP ("VHCA") (FRN 938594) is an Appointed Representative of G10 Capital Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 648953).

Victory Hill is based in London and was founded in May 2020 by an experienced team of energy financiers that have spun-out of a large established global project finance banking group. The team have an established track record built over six years while working together in their previous roles and participating in over $37.1bn in sustainable energy project transaction values, generating over 24.2 per cent. equity returns. In addition, the team has also participated in more than $200bn in transaction values across 91 conventional and renewable energy-related transactions in over 30 jurisdictions worldwide, throughout their individual careers. The average experience per individual is 22 years of relevant energy finance experience.

The VHCA team deploys its experience across different financial disciplines in order to assess investments holistically from multiple points of view. The firm pursues operational stability and well-designed corporate governance to generate sustainable positive returns for investors. It focuses on supporting and accelerating the Energy Transition and the attainment of the UN Sustainable Development Goals.

VHCA is a signatory of the United Nations Principles for Responsible Investing (UN PRI), the United Nations Global Compact (UN GC) and is a formal supporter of the Financial Stability Board's Task-Force on Climate-related Disclosures (TFCD).

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