LEI: 213800ZPHCBDDSQH5447

17 July 2025

NextEnergy Solar Fund Limited

("NESF" or the "Company")

Publication of Circular & Notice of Annual General Meeting

NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, announces that its Annual General Meeting ("AGM") will be held at the registered office of the Company at Floor 2, Trafalgar Court, Les Banques, St Peter Port, Guernsey, GY1 4LY at 12.00 p.m. (Guernsey time) on 20 August 2025.

The Notice of AGM has been dispatched to all shareholders. An electronic copy of the Notice of AGM is also available on the Company's website https://www.nextenergysolarfund.com/reports-and-publications/annual-general-meeting/*.

Shareholders are invited to listen to the AGM virtually where the Board can answer pre-submitted questions.  To register for access, please use this link (NESF AGM) or contact the Company Secretary on NextEnergy@ocorian.com before 18 August 2025.  If you wish to pre-submit a question, please send it by email to NextEnergy@ocorian.com before 12:00 noon on 18 August 2025.  

A copy of the Notice of AGM and the Form of Proxy can be inspected at the National Storage Mechanism website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism*.

 *Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

Board Recommendations

The Board of Directors unanimously recommends ordinary shareholders vote 'FOR' Resolutions 1 to 12 and VOTE 'AGAINST' SPECIAL RESOLUTION 13 (the Discontinuation Resolution).

The Company's Board considers that the continuation of the business described in the Notice of AGM is in the best interests of the Company and of its shareholders as a whole. The Directors intend to vote in line with their recommendations in respect of their personal beneficial shareholdings. Please see full details on background and rationale to VOTE AGAINST DISCONTINUATION (SPECIAL RESOLUTION 13) on page 4 of the 2025 Circular and Notice of AGM document.

Please find below a completed Form of Proxy example of how the Board would recommend voting at this AGM.

Notes to Editors ¹:

About NextEnergy Solar Fund

NextEnergy Solar Fund is a specialist solar energy and energy storage investment company that is listed on the Main Market of the London Stock Exchange.

NextEnergy Solar Fund's investment objective is to provide Ordinary Shareholders with attractive risk-adjusted returns, principally in the form of regular dividends, by investing in a diversified portfolio of utility-scale solar energy and energy storage infrastructure assets.  The majority of NESF's long-term cash flows are inflation-linked via UK government subsidies.

As at 31 March 2025, the Company had an audited gross asset value of £1,061m.  For further information please visit www.nextenergysolarfund.com

Article 9 Fund

NextEnergy Solar Fund is classified under Article 9 of the EU Sustainable Finance Disclosure Regulation and EU Taxonomy Regulation.  NextEnergy Solar Fund's sustainability-related disclosures in the financial services sector are in accordance with Regulation (EU) 2019/2088 and can be accessed on the ESG section of both the NextEnergy Solar Fund and NextEnergy Capital websites.

About NextEnergy Group

NextEnergy Solar Fund is managed by NextEnergy Capital, part of the NextEnergy Group.  NextEnergy Group was founded in 2007 to become a leading market participant in the international solar sector which now employs over 380 professionals.  Since its inception, NextEnergy Group has been active in the development, construction, and ownership of solar assets across multiple jurisdictions.  NextEnergy Group operates via its three business units: NextEnergy Capital (Investment Management), WiseEnergy (Operating Asset Management), and Starlight (Asset Development).

·    NextEnergy Capital: has over 18 years of specialist solar expertise having invested in over 530 individual solar plants across the world.  NextEnergy Capital currently manages four institutional funds with a total capacity in excess of 3GW+ and has funds under management of c.$4.4bn.  More information is available at www.nextenergycapital.com   

·    WiseEnergy®:  is a leading specialist operating asset manager in the solar sector.  Since its founding, WiseEnergy has provided solar asset management, monitoring and technical due diligence services to over 1,600 utility-scale solar power plants with an installed capacity in excess of 3.5GW.  More information is available at www.wise-energy.com

·   Starlight: has developed over 100 utility-scale projects internationally and continues to progress a large pipeline of c.10GW of both green and brownfield project developments across global geographies.  More information is available at www.starlight-energy.com

Notes:

^1: All financial data is audited at 31 March 2025, being the latest date in respect of which NextEnergy Solar Fund has published financial information.