Total Voting Rights and Home Member State

AQUILA EUROPEAN RENEWABLES INCOME FUND PLC

("the Company")

LEI: 213800UKH1TZIC9ZRP41

TOTAL VOTING RIGHTS AND HOME MEMBER STATE

In accordance with the Disclosure Guidance and Transparency Rules, the Company announces that as at 28 June 2019 the issued share capital of the Company consisted of 154,304,752 Ordinary Shares, each with a nominal value of €0.01 and carrying one vote per share.

The Company does not hold any Ordinary Shares in Treasury.

Therefore, the total number of voting rights in the Company is 154,304,752 (the 'Figure').

The Figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

For the purposes of the Transparency Directive the Home Member State of Aquila European Renewables Income Fund plc is the United Kingdom.

For further information please contact:

Brian Smith/Jenny Thompson

PraxisIFM Fund Services (UK) LimitedCompany Secretary0207 653 9690