REG - Gresham House Energy - Publication of Supplementary Prospectus

Gresham House Energy Storage FundAnnouncement

14/04/2023 14:15

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RNS Number : 3091W  Gresham House Energy Storage Fund  14 April 2023

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UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. THE INFORMATION CONTAINED HEREIN
DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER TO ISSUE OR SELL, OR ANY
SOLICITATION OF ANY OFFER TO SUBSCRIBE OR PURCHASE, ANY INVESTMENTS IN ANY
JURISDICTION.

14 April 2023

Gresham House Energy Storage Fund PLC

("GRID" or the "Company")

Publication of Supplementary Prospectus

Gresham House Energy Storage Fund PLC today announces the publication of a
supplementary prospectus dated 14 April 2023 (the "Supplementary Prospectus")
supplementing the prospectus published by the Company on 25 May 2022 in
relation to a Share Issuance Programme.

In accordance with the regulatory requirements under the Prospectus Regulation
Rules, the Supplementary Prospectus has been issued following the publication
of the Company's annual report and accounts for the year ended 31 December
2022 (the "Annual Report"), certain information from which is incorporated by
reference into the Supplementary Prospectus.

The summary, registration document and securities note published by the
Company on 25 May 2022, together with the Supplementary Prospectus, comprise
the Prospectus in relation to the Share Issuance Programme.

The Supplementary Prospectus will be submitted to the National Storage
Mechanism and will be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) shortly as well as on
the Company's

website      at
https://greshamhouse.com/real-assets/new-energy-sustainable-infrastructure/gresham-house-energy-storage-fund-plc/
(https://greshamhouse.com/real-assets/new-energy-sustainable-infrastructure/gresham-house-energy-storage-fund-plc/)
(https://greshamhouse.com/real-assets/new-energy-sustainable-infrastructure/gresham-house-energy-storage-fund-plc/)
.

Unless otherwise defined, capitalised terms used in this announcement shall
have the same meaning as set out in the Prospectus.

For Further Information

Gresham House New
Energy                                  +44
(0)20 3837 6270

Ben Guest

Rupert Robinson

Jefferies International Limited                                +44 (0)20 7029 8000

Stuart Klein

Gaudi Le Roux

 KL Communications
gh@kl-communications.com (mailto:gh@kl-communications.com)

Charles Gorman                                                      +44 (0)20 3995 6699

Charlotte Francis

Millie Steyn

About the Company and the Manager:

Gresham House Energy Storage Fund plc seeks to provide investors with an
attractive and sustainable dividend over the long term by investing in a
diversified portfolio of utility-scale battery energy storage systems (known
as BESS) located in Great Britain and in Overseas Jurisdictions. In addition,
the Company seeks to provide investors with the prospect of capital growth
through the re-investment of net cash generated in excess of the target
dividend in accordance with the Company's investment policy.

The Company targets an unlevered Net Asset Value total return of 8% per annum
and a levered Net Asset Value total return of 15% per annum, in each case
calculated net of the Company's costs and expenses.

Gresham House Asset Management is the FCA authorised operating business of
Gresham House plc, a London Stock Exchange quoted specialist alternative asset
manager. Gresham House is committed to operating responsibly and sustainably,
taking the long view in delivering sustainable investment solutions.

http://www.greshamhouse.com/

Definition of utility-scale battery energy storage systems (BESS)

Utility-scale battery energy storage systems (BESS) are the enabling
infrastructure that will support the continued growth of renewable energy
sources such as wind and solar, essential to the UK's stated target to reduce
carbon emissions. They store excess energy generated by renewable energy
sources and then release that stored energy back into the grid during peak
hours when there is increased demand.

LEI number: 213800MSJXKH25C23D82

DISCLAIMERS

This announcement which has been prepared by, and is the sole responsibility
of, the Directors of the Company has been approved for the purposes of section
21 of the Financial Services and Markets Act

2000 by Gresham House Asset Management Limited, which is authorised and regulated by the Financial Conduct Authority.

This announcement has been prepared for information purposes only.

This announcement is not an offer to sell or a solicitation of any offer to
buy Shares in the United States, Australia, Canada, the Republic of South
Africa, Japan, or any Member State of the European Economic Area, or any of
their respective territories or possessions, or in any other jurisdiction
where such offer or sale would be unlawful. No action has been taken by the
Company or Jefferies that would permit an offering of any shares in the
capital of the Company or possession or distribution of this announcement or
any other offering or publicity material relating to such shares in any
jurisdiction where action for that purpose is required. Persons into whose
possession this announcement comes are required by the Company and Jefferies
to inform themselves about, and to observe, such restrictions.

This communication is not for publication or distribution, directly or
indirectly, in or into the United States of America. This communication is not
an offer of securities for sale into the United States. The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered, sold, resold,
transferred or delivered directly or indirectly in the United States, or to,
or for the account or benefit of, U.S. Persons, except pursuant to an
applicable exemption from registration. No public offering of securities is
being made in the United States.

The Company has not been and will not be registered under the US Investment
Company Act of 1940 (the "Investment Company Act") and, as such, holders of
the Ordinary Shares will not be entitled to the benefits of the Investment
Company Act. No offer, sale, resale, pledge, delivery, distribution or
transfer of the Ordinary Shares may be made except under circumstances that
will not result in the Company being required to register as an investment
company under the Investment Company Act.

The information and opinions contained in this announcement are provided as at
the date of the announcement and are subject to change without notice and no
representation or warranty, express or implied, is or will be made in relation
to the accuracy or completeness of the information contained herein and no
responsibility, obligation or liability or duty (whether direct or indirect,
in contract, tort or otherwise) is or will be accepted by the Company, the
Manager, Jefferies or any of their affiliates or by any of their respective
officers, employees or agents to update or revise publicly any of the
statements contained herein. No reliance may be placed for any purpose
whatsoever on the information or opinions contained in this announcement or on
its completeness, accuracy or fairness. The document has not been approved by
any competent regulatory or supervisory authority.

The information in this announcement may include forward-looking statements,
which are based on the current expectations, intentions and projections about
future events and trends or other matters that are not historical facts and in
certain cases can be identified by the use of terms such as "may", "will",
"should", "expect", "anticipate", "project", "estimate", "intend", "continue",
"target", "believe" (or the negatives thereof) or other variations thereof or
comparable terminology. These forward-looking statements, as well as those
included in any related materials, are not guarantees of future performance
and are subject to known and unknown risks, uncertainties, assumptions about
the Company and other factors, including, among other things, the development
of its business, trends in its operating industry, and future capital
expenditures and acquisitions. In light of these risks, uncertainties and
assumptions, the events in the forward-looking statements may not occur and
actual results may differ materially from those expressed or implied by such
forward looking statements. Given these risks and uncertainties, prospective
investors are cautioned not to place undue reliance on forward-looking
statements.

Jefferies International Limited, which is authorised and regulated by the
Financial Conduct Authority in the United Kingdom, is acting only for the
Company in connection with the matters described in this announcement and is
not acting for or advising any other person, or treating any other person as
its client, in relation thereto and will not be responsible for providing the
regulatory protection afforded to clients of Jefferies or advice to any other
person in relation to the matters contained herein. Neither Jefferies nor
anyof its directors, officers, employees, advisers or agents accepts any
responsibility or liability whatsoever for this announcement, its contents or
otherwise in connection with it or any other information relating to the
Company, whether written, oral or in a visual or electronic format.

Each of the Company, the Manager, Jefferies and their affiliates and their
respective officers, employees and agents expressly disclaim any and all
liability which may be based on this announcement and any errors therein or
omissions therefrom.

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