Gresham House Regulatory News (GRID)

28 May 2021

Gresham House Energy Storage Fund PLC

(the "Company" or "GRID")

Notice of 2021 Annual General Meeting ("AGM")

Gresham House Energy Storage Fund PLC (LSE: GRID) is pleased to announce to announce that the Notice of its 2021 AGM is now available to view on the Company's website at https://greshamhouse.com/real-assets/new-energy/gresham-house-energy-storage-fund-plc/.

The AGM will be held at 12.00 p.m. on Monday, 21 June 2021, at 18th Floor, The Scalpel, 52 Lime Street, London, EC3M 7AF.

The formal Notice of AGM will be posted to those shareholders who have elected postal correspondence and will shortly be available for inspection from the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Proposed AGM Arrangements

Given the unprecedented circumstances surrounding the COVID-19 epidemic, it is likely that the board of directors of the Company (the "Board" or "Directors") will need to put in place contingency arrangements that mean the AGM will not follow its usual format. In doing so, it is likely that the Directors will need to implement entry restrictions in line with the expected Government guidance.

Shareholders are requested not to attend the AGM in person as they are unlikely to be permitted access to the meeting. Instead, they are invited to participate in the AGM live online.

Please use the following link to register for the AGM: https://greshamhouse.zoom.us/webinar/register/WN_rOCe7LZOShWQN2c_aF7qBg

At 12:30pm, in a separate webinar, following completion of the statutory formal business at the AGM (consisting of voting on the resolutions proposed in the Notice of AGM), we invite you to join Chair, John Leggate, and Fund Manager, Ben Guest, as they discuss the evolving dynamics of the broader battery storage market, hosted by Non-Executive Director, David Stevenson, and followed by an interactive Q&A session.

Please use the following link to register for the webinar: https://greshamhouse.zoom.us/webinar/register/WN_Evpq15RCSRa0dBum8_H9Fw

Shareholders may submit questions for either the AGM or Q&A session in advance of the meeting by email to admin@greshamhouse.com and by no later than 12.00pm on Wednesday, 16 June 2021. Please indicate whether your question is for the AGM or Fund Manager Q&A.

The AGM and Webinar is expected to proceed as set out below:

12:00pm on Monday, 21 June 2021 - AGM

12.30pm on Monday, 21 June 2021 - Fund Manager discussion and Q&A

Please note;

· the AGM will be held with the minimum number of attendees required to form a quorum present in person;

· following the formal business of the AGM there will be an interactive Fund Manager discussion and Q&A, which all Shareholders are invited to attend;

· Shareholders may not be permitted to attend the meeting in person and there will not be an opportunity to ask questions during the AGM. However, Shareholders are encouraged to participate in the AGM live and to ask questions of the Board or of the Manager relating to the AGM in advance of the meeting (see above).

· votes on the resolutions to be proposed at the AGM will be conducted on a poll; and

· the results of the proxy votes will be published immediately following the conclusion of the AGM by way of a stock exchange announcement and on the Company's website.

Although this is an unusual approach, the Board considers that given the social distancing measures currently in force and in light of the latest published government guidance, proceeding with the AGM as set out above is in the best interests not only of the Company, but also of each of its individual Shareholders.

The Board will continue to monitor the Government's advice and urges all Shareholders to comply with any restrictions in place at the time of the AGM. If circumstances change and if social distancing measures are further relaxed before the AGM, the Company may consider amending the proposed format of the AGM. In such circumstances, the Company will notify Shareholders of such changes as soon as possible via RIS and its website (greshamhouse.com/real-assets/new-energy/gresham-house-energy-storage-fund-plc/). 

- ENDS -

For further information, please contact:

About the Company and the Manager:

Gresham House Energy Storage Fund PLC owns a portfolio of utility-scale operational energy storage systems (known as ESS) located in Great Britain. The current portfolio has a total capacity of 425MW. The Company is managed by Gresham House Asset Management Limited under the leadership of Ben Guest. The Company was admitted to trading on the London Stock Exchange (Specialist Fund Segment) on 13 November 2018 (the "IPO") having raised £100 million of gross proceeds from investors. Following IPO, the Company has raised a further total of approximately £258 million of gross proceeds from investors.

The Gresham House New Energy team has a proven track record in developing and operating energy storage and other renewable assets having developed 264MW of Energy Storage Systems and approximately 290MW of predominantly ground-mounted solar projects. Gresham House Asset Management currently manages 232MW of solar and wind energy projects.

Gresham House Asset Management is the FCA authorised operating business of Gresham House plc, a London Stock Exchange quoted specialist alternative asset manager. Gresham House is committed to operating responsibly and sustainably, taking the long view in delivering sustainable investment solutions.

www.greshamhouse.com

Definition of Utility-scale battery Storage Systems

Utility-scale battery storage systems are the enabling infrastructure that will support the continued growth of renewable energy sources such as wind and solar, essential to the UK's stated target to reduce carbon emissions. They store excess energy generated by renewable energy sources and then release that stored energy back into the grid during peak hours when there is increased demand.

LEI number: 213800MSJXKH25C23D82