Greencoat UK Wind Regulatory News (UKW)

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, BY ANY MEANS OR MEDIA, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, JAPAN, OR THE REPUBLIC OF SOUTH AFRICA, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UK, BELGIUM, THE REPUBLIC OF IRELAND, THE NETHERLANDS, GERMANY OR SWEDEN, AND THEN, IN RESPECT OF RETAIL INVESTORS, ONLY TO RETAIL INVESTORS IN THE UK) OR ANY OTHER JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY.

18 May 2018

GREENCOAT UK WIND PLC

Result of Capital Raise

Greencoat UK Wind plc (the "Company" or "UKW"), the leading listed renewable infrastructure fund, invested in operating UK wind farms, today announces the result of the Share Placing as announced on 8 May 2018.

Highlights

· Gross Issue Proceeds of £118.8 million

· 101,576,695 New Ordinary Shares, will be issued, increasing total Ordinary Shares to 1,130,794,986.

· Net proceeds will be used to complete the purchase of UKW's further shareholding in the Clyde wind farms on 30 May 2018

Commenting on the announcement, Tim Ingram, Chairman of UKW, said: "We are pleased to announce another successful and heavily oversubscribed equity capital raise, which is NAV accretive, net of costs. We are grateful for the support from shareholders, which is testament to the company's simple, low risk and proven strategy."

Following the receipt of Net Issue Proceeds and completion of the Clyde shareholding acquisition, UKW will have outstanding borrowings of £245 million under its Revolving Facility Agreement and £150 million under its Long Term Facility Agreement, equivalent to c.23% of Gross Asset Value.

Application will be made for the 101,576,695 New Ordinary Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities with effect from 8.00 a.m. on 22 May 2018.

Definitions used in the Prospectus apply to this announcement unless the context requires otherwise.

The AIFMD investor disclosures are available on the Company's website.

For further information, please contact:

Notes to Editors:

Greencoat UK Wind PLC is the leading listed renewable infrastructure fund, invested in 30 operating UK wind farms with net generating capacity of 785MW (post the completion of the Clyde transaction). The Company's aim is to provide investors with an annual dividend that increases in line with RPI inflation (6.76p for 2018) while preserving the capital value of its investment portfolio in the long term on a real basis through reinvestment of excess cash flow and the prudent use of portfolio gearing.

UKW is managed by an experienced team at Greencoat Capital LLP, a leading European renewable investment manager with over £2.5 billion of assets under management across a number of funds in wind and solar infrastructure and private equity, and is overseen by a strong and experienced independent board.

UKW is incorporated in England and Wales and is a UK Investment Trust.

For more information about UKW, please visit http://www.greencoat-ukwind.com.

For more information about Greencoat Capital LLP, please visit http://www.greencoat-capital.com.

Disclaimer:

IMPORTANT NOTICE

This announcement and the information contained herein is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into or from the United States, Canada, Australia, New Zealand, Japan, the Republic of South Africa or any other jurisdiction where to do so might constitute a violation of the relevant laws or regulations of such jurisdiction.

The new ordinary shares have not been and will not be registered under the Securities Act or under the securities laws of any state or other jurisdiction of the United States and may not be offered, sold, resold or delivered, directly or indirectly, in or into the United States absent registration except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.

Persons (including, without limitation, nominees and trustees) who have a contractual or other legal obligation to forward a copy of this announcement should seek appropriate advice before taking any action.

Certain statements in this announcement are forward-looking statements which are based on the Company's expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts. These forward-looking statements, which may use words such as "aim", "anticipate", "believe", "intend", "estimate", "expect" and words of similar meaning, include all matters that are not historical facts. These forward-looking statements involve risks, assumptions and uncertainties that could cause the actual results of operations, financial condition, liquidity and dividend policy and the development of the industries in which the Company's businesses operate to differ materially from the impression created by the forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given those risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by the FCA, the London Stock Exchange or applicable law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Any indication in this announcement of the price at which the ordinary shares of the Company have been bought or sold in the past cannot be relied upon as a guide to future performance. Persons needing advice should consult an independent financial adviser. No statement in this announcement is intended to be a profit forecast and no statement in this announcement should be interpreted to mean that earnings per share of the Company for the current or future financial years would necessarily match or exceed the historical published earnings per share of the Company.

RBC, which is authorised in the United Kingdom by the Prudential Regulatory Authority and regulated by the FCA and the Prudential Regulatory Authority, which is authorised and regulated in the United Kingdom by the FCA are acting for UKW and for no one else in connection with the Placing and will not be responsible to anyone other than UKW for providing the protections afforded to their respective clients or for affording advice in relation to the Placing, or any other matters referred to herein.

The new ordinary shares to be issued pursuant to the Placing will not be admitted to trading on any stock exchange other than the London Stock Exchange.

Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.