Company Announcements

LEI: 213800NNT42FFIZB1T09

05 June 2024

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL

€300 million first closing of FEIP II

Foresight Group Holdings Limited ("Foresight", the "Group"), a leading infrastructure and private equity investment manager, today provides an update on progress with its flagship energy transition strategy.

Foresight is pleased to announce it has secured commitments of €300 million for the first close of Foresight Energy Infrastructure Partners II SCSp ("FEIP II" or, the "Fund"), the successor fund to FEIP I. The first close welcomes two new cornerstone investors to the strategy and is timed to meet investor requirements. The first close comes three months after FEIP I's Investment Period concluded, having deployed over €1 billion[1] in capital.

Foresight is encouraged by investor appetite for the strategy to date as the Group works towards the target fundraise of €1.25 billion, marking a scaling up of nearly 50% on the prior vintage.

Bernard Fairman, Executive Chairman of Foresight Group Holdings Limited, commented:

"The successful first close of FEIP II demonstrates the quality and demand for our flagship energy transition strategy. It marks a significant milestone for the Group as we aim to raise multiple institutional infrastructure funds across a range of low carbon strategies. Given ongoing discussions with existing and new international investors across these strategies, I have every confidence in our ability to achieve our fundraising targets and continue to deliver profitable growth for our shareholders."

About Foresight Group Holdings Limited

Founded in 1984, Foresight is a leading investment manager in real assets and capital for growth, operating across UK, Europe, and Australia.

With decades of experience, Foresight offers investors access to attractive investment opportunities at the forefront of change. Foresight actively builds and grows investment solutions to support the energy transition, decarbonise industry, enhance nature recovery and realise the economic potential of ambitious companies.

A constituent of the FTSE 250 index, Foresight's diversified investment strategies combine financial and operational skillsets to maximise asset value and provide attractive returns to its investors. Its wide range of private and public funds is complemented with a variety of investment solutions designed for the retail market.

Foresight is united by a shared commitment to build a sustainable future and grow thriving companies and economies.

Visit https://foresight.group for more information.

Follow us on LinkedIn for key updates.

Disclaimer - Forward-looking statements

This announcement, prepared by Foresight Group Holdings Limited (the "Company"), may contain forward-looking statements about the Company. Such forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "projects", "estimates", "plans", "anticipates", "targets", "aims", "continues", "expects", "intends", "hopes", "may", "will", "would", "could" or "should" or, in each case, their negative or other various or comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors which are beyond the Company's control and are based on the Company's beliefs and expectations about future events as of the date the statements are made. If the assumptions on which the Company bases its forward-looking statements change, actual results may differ from those expressed in such statements. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including those set out under "Principal Risks" in the Company's annual report for the financial year ended 31 March 2023. The annual report can be found on the Company's website (https://www.foresightgroup.eu/). Forward-looking statements speak only as of the date they are made. Except as required by applicable law and regulation, the Company undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.