TEEC.L Regulatory News (TEEC)

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

24 June 2022

Triple Point Energy Efficiency Infrastructure Company plc

("TEEC" or the "Company" or together with its subsidiaries, the "Group")

Consultation on Changes to the Investment Policy

and Proposed Change of Name

The Board of Directors of Triple Point Energy Efficiency Infrastructure Company plc (ticker: TEEC) announces that it has initiated a consultation process with a number of key shareholders regarding potential amendments to the Company's existing Investment Policy and, related to that, a change to the Company's name.

Background

Since the Company's IPO in October 2020, we have witnessed a rapid evolution in clean energy policy, the commitment to addressing the global climate emergency, concerns regarding energy security and the opportunities that exist for investments which both contribute to energy transition and can deliver returns to our shareholders.

"Energy transition" refers to the global drive to address the climate emergency through the transition of energy systems to lower or zero carbon which, itself, includes the move to greater energy efficiency, which has been the Company's focus to date.

The Board and the Investment Manager believe that the broader mandate that "energy transition" provides reflects better the nature of the current portfolio of investments and will offer a greater number of opportunities for investment without compromising the Company's fundamental purpose: to have a positive environmental impact, by investing in projects that support the transition to a low carbon economy and help the United Kingdom, in particular, achieve net zero.

Proposed amendments to the Investment Policy

The amendments to the Investment Policy are being proposed to reflect better the nature of our existing portfolio and pipeline of investment opportunities.

The key aspects of the proposed amendments include:

· broadening the scope of the Company's investment mandate to reflect the wider energy transition sector;

· expanding our geographical reach to enable the Company to make appropriate investments in Europe, albeit the United Kingdom will remain the core focus of the Company;

· clarifying the structures in which the Company is able to invest into, including both debt and equity; and

· including a definition of "Adjusted Gross Asset Value" in place of "Gross Asset Value" for the purposes of applying the Investment Policy restrictions, from time to time (and the references amended, as necessary).

Proposed change of name

In conjunction with (and dependent on approval of) the proposed changes to the Investment Policy, the Company's name will change to "Triple Point Energy Transition plc" (ticker: TENT) to reflect the revised mandate. The SEDOL and ISIN will remain the same.

Shareholder approval

Subject to the outcome of the consultation and Board decision, the proposals to amend the Investment Policy and the name of the Company (the "Proposals") will be put to the vote of all shareholders at the Company's Annual General Meeting to be held in August 2022.

Full details of the Proposals will be notified via a further announcement to the market and set out in the circular accompanying the Notice of AGM to be sent to shareholders in due course.

For further information, please contact:

LEI: 213800UDP142E67X9X28

Further information on the Company can be found on its website: www.tpenergyefficiency.com.

NOTES:

The Company is an investment trust which aims to have a positive environmental impact by investing in assets that support the transition to a lower carbon, more efficient energy system and help the UK achieve Net Zero.

Since its IPO in October 2020, the Company has made the following investments and commitments:

· Harvest and Glasshouse: provision of £21m of senior debt finance to two established combined heat and power ("CHP") assets, located on the Isle of Wight, supplying heat, electricity and carbon dioxide to the UK's largest tomato grower, APS Salads ("APS") - March 2021

· Spark Steam: provision of £8m of senior debt finance to an established CHP asset in Teeside supplying APS, as well as a further power purchase agreement through a private wire arrangement with another food manufacturer - June 2021

· Hydroelectric Portfolio (1): acquisition of six operational, Feed in Tariff ("FiT") accredited, "run of the river" hydroelectric power projects in Scotland, with total installed capacity of 4.1MW, for an aggregate consideration of £26.6m (excluding costs) - November 2021

· Hydroelectric Portfolio (2): acquisition of a further three operational, FiT accredited, "run of the river" hydroelectric power projects in Scotland, with total installed capacity of 2.5MW, for an aggregate consideration of £19.6m (excluding costs) - December 2021

· BESS Portfolio: provision of a debt facility of £45.6m to a subsidiary of Virmati Energy Ltd (trading as "Field"), for the purposes of building a portfolio of four geographically diverse Battery Energy Storage System ("BESS") assets in the UK with a total capacity of 110MW - March 2022

The Investment Manager is Triple Point Investment Management LLP ("Triple Point") which is authorised and regulated by the Financial Conduct Authority. Triple Point manages private, institutional, and public capital, and has a proven track record of investment in Energy Efficiency and decentralised energy projects.

The Company was admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 19 October 2020 and was awarded the London Stock Exchange's Green Economy Mark.