NextEnergy Solar Regulatory News (NESF)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR RESTRICTED BY LAW OR TO US PERSONS (WITHIN THE MEANING OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED).

SAVE IN RELATION TO THE UK, THE NETHERLANDS, SWEDEN AND THE REPUBLIC OF IRELAND, NO ACTION HAS BEEN TAKEN BY THE COMPANY, THE JOINT BOOKRUNNERS OR THE SPONSOR THAT WOULD PERMIT AN OFFERING OF THE NEW ORDINARY SHARES OR POSSESSION OR DISTRIBUTION OF THIS ANNOUNCEMENT, ANY OTHER PUBLICITY MATERIAL OR ANY OFFERING MATERIAL RELATING TO SUCH SHARES IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT OR ANY OTHER SUCH MATERIALS COMES SHOULD INFORM THEMSELVES ABOUT, AND OBSERVE, ANY SUCH RESTRICTIONS. ANY FAILURE TO COMPLY WITH ANY SUCH RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER TO ISSUE OR SELL, OR ANY SOLICITATION OF ANY OFFER TO SUBSCRIBE OR PURCHASE, ANY SECURITIES IN THE COMPANY IN ANY JURISDICTION, INCLUDING THE UNITED STATES, NOR SHALL IT (OR ANY PART OF IT OR THE FACT OF ITS DISTRIBUTION) FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY CONTRACT THEREFOR OR INVESTMENT DECISION IS RESPECT OF ANY SUCH SECURITIES. WITHOUT PREJUDICE TO THE FOREGOING GENERALITY, THIS ANNOUNCEMENT DOES NOT CONSTITUTE A RECOMMENDATION REGARDING ANY SECURITIES.

ANY INVESTMENT DECISION MUST BE MADE EXCLUSIVELY ON THE BASIS OF THE PROSPECTUS PUBLISHED BY THE COMPANY ON 15 NOVEMBER 2016 (AND ANY SUPPLEMENT THERETO, INCLUDING THE SUPPLEMENTARY PROSPECTUS REFERRED TO IN THIS ANNOUNCEMENT) IN CONNECTION WITH ITS SHARE ISSUANCE PROGRAMME. UNLESS THE CONTEXT REQUIRES OTHERWISE, WORDS AND EXPRESSIONS DEFINED IN THE PROSPECTUS HAVE THE SAME MEANINGS WHEN USED IN THIS ANNOUNCEMENT.

3 August 2017

NextEnergy Solar Fund Limited

("NESF" or the "Company")

Publication of Supplementary Prospectus

NextEnergy Solar Fund Limited (LSE: NESF) announces the publication of a supplementary prospectus (the "Second Supplementary Prospectus"), which is supplemental to and must be read in conjunction with the first supplementary prospectus and the prospectus published by the Company on 15 November 2016, in connection with the placing programme in respect of the issue of up to 350,000,000 New Ordinary Shares and/or C Shares during the period commencing on 14 November 2016 and ending on 14 November 2017. 

The Second Supplementary Prospectus is required following:

· announcement of the Company's audited results for the year ended 31 March 2017; and

· the proposed amendments to the Company's investment policy as set out in the circular to Shareholders dated 6 July 2017, which are conditional on approval by Shareholders at the AGM to be held on 24 August 2017; each of which constitutes a significant new factor relating to information published by the Company on 15 November 2016.

A copy of the Second Supplementary Prospectus has been submitted to the National Storage Mechanism and will be available shortly for inspection at www.morningstar.co.uk/uk/nsm. It will also be added to the Company's website, which is located at www.nextenergysolarfund.com.

For further Information:

Important Notices:

Each of Cantor Fitzgerald Europe ("Cantor Fitzgerald), Fidante Partners (Europe) Limited ("Fidante"), Macquarie Capital (Europe) Limited ("Macquarie Capital") and Shore Capital and Corporate Limited and Shore Capital Stockbrokers Limited ("Shore Capital") is authorised and regulated in the United Kingdom by the FCA and acting only for the Company in connection with the matters described in this announcement. Persons receiving this announcement should note that none of Cantor Fitzgerald Europe, Fidante Capital, Macquarie Capital or Shore Capital will be responsible to anyone other than the Company for providing the protections afforded to customers of Cantor Fitzgerald Europe, Fidante Capital, Macquarie Capital or Shore Capital, or for advising any other person on the matters described in this announcement.

The contents of this announcement, which has been prepared by and is the sole responsibility of the Company, have been approved by NextEnergy Capital Limited (authorised and regulated by the Financial Conduct Authority) for the purposes of section 21(2)(b) of the Financial Services and Markets Act 2000.

Notes to Editors:

NextEnergy Solar Fund

NESF is a specialist investment company that invests in operating solar power plants in the UK. Its objective is to secure attractive shareholder returns through RPI-linked dividends and long-term capital growth. The Company achieves this by acquiring solar power plants on agricultural, industrial and commercial sites.

 Further information on NESF, NEC Group and WiseEnergy is available at www.nextenergysolarfund.com, www.nextenergycapital.com and www.wise-energy.eu.