JLEN.L Regulatory News (JLEN)

18 August 2020

JLEN ENVIRONMENTAL ASSETS GROUP LIMITED

("JLEN" or the "Company")

Net Asset Value and Dividend Announcement

Net Asset Value

JLEN, the listed environmental infrastructure fund, announces that its unaudited Net Asset Value as at 30 June 2020 is £513.7million (94.0 pence per share), a decrease of 3.5 pence per share since 31 March 2020. The decrease is due to further downward revisions to power price forecasts in the wake of the Covid-19 pandemic.

Portfolio update

For the quarter to 30 June 2020, generation for the solar portfolio was significantly above budget, attributed to higher than average solar irradiation and good asset performance.

The anaerobic digestion portfolio continued the positive trend observed previously, slightly outperforming the budget for the period.

The wind portfolio was slightly below budget reflecting wind resource in the UK during the quarter with generally good performance across the assets.

Bio Collectors, the Company's food waste fed processing plant, which represents less than 5% of its portfolio and is ungeared, has continued to see lower levels of commercial food waste collections due to Covid-19. Post the period end, food waste collections have started to improve and management has undertaken optimisation works to the plant while throughput is low.

In aggregate, the renewables portfolio (excluding Bio Collectors) saw generation slightly above budget.

Dividend

The Company also announces a quarterly interim dividend of 1.69 pence per share for the quarter ended 30 June 2020, in line with the dividend target of 6.76p per share for the year to 31 March 2021, as set out in the 2020 Annual Report.

Dividend Timetable

Ex-dividend date 3 September 2020

Record date 4 September 2020

Payment date 25 September 2020

This announcement contains information that is inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014.

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About JLEN

JLEN's investment policy is to invest in environmental infrastructure projects that have the benefit of long-term, predictable, wholly or partially inflation-linked cash flows supported by long-term contracts or stable regulatory frameworks.

Environmental Infrastructure is defined by the Company as infrastructure projects that utilise natural or waste resources or support more environmentally-friendly approaches to economic activity. This could involve the generation of renewable energy (including solar, wind, hydropower and biomass technologies), the supply and treatment of water, the treatment and processing of waste, and projects that promote energy efficiency.

JLEN's aim is to provide investors with a sustainable, progressive annual dividend. The target dividend for the year to 31 March 2021 is 6.76 pence per share. The dividend is payable quarterly.

Further details of the Company can be found on its website www.jlen.com

LEI: 213800JWJN54TFBMBI68