Harmony Energy Inc. - Update on Asset Sale Process

Harmony Energy Income Trust

18/10/2024 07:00

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RNS Number : 6632I  Harmony Energy Income Trust PLC  18 October 2024

(18 October 2024)

(Harmony Energy Income Trust plc)(
) ((the "Company"))( )

( )( )

(Update on Asset Sale) (Process)( )

( )

(Harmony Energy Income Trust plc, which invests in battery energy storage
systems in Great Britain, today provides an update on its asset sale
process. As previously announced, the Company appointed JLL to seek offers
for some or all of the Company's assets. The Company is encouraged by the
level of interest and non-binding offers received from various parties,
relating to both individual assets as well as the full portfolio. A selected
number of parties have been invited to proceed to the second phase of the
process, with negotiations expected to conclude by the end of 2024.)

( )

(At this stage there can be no certainty as to whether any assets will be
sold, nor the terms of any sale.)

(END)( )

(For further information, please contact:)( )

 (Harmony Energy Advisors Limited    (info@harmonyenergy.co.uk (mailto:info@harmonyenergy.co.uk) )
 ) (Paul Mason)

 (Max Slade)

 (Peter Kavanagh)

 (James Ritchie)

 ( )
 (Panmure Liberum Limited)           (+44 (0)20 3100 2000)

 (Chris Clarke)

 (Darren Vickers)

 (Will King)

 ( )
 (Stifel Nicolaus Europe Limited )   (+44 (0)20 7710 7600)

 (Mark Young)

 (Edward Gibson-Watt)

 (Rajpal Padam)

 (Madison Kolinski)

 ( )
 (Camarco                            (+44 (0)20 3757 4980)
 ) (Eddie Livingstone-Learmonth)

 (Andrew Turner)

 ( )
 (JTC (UK) Limited                   (+44 (0)20 3832 3877)
 ) (Uloma Adighibe)

                                     (Harmony.CoSec@jtcgroup.com (mailto:Harmony.CoSec@jtcgroup.com) )
 ( )                                 ( )
 ( )                                 ( )
 ( )                                 ( )
 ( )                                 ( )

(LEI: 254900O3XI3CJNTKR453)( )

(About Harmony Energy Advisors Limited (the "Investment Adviser"))( )

(The Investment Adviser is a wholly owned subsidiary of Harmony Energy
Limited.)

(The management team of the Investment Adviser have been exclusively focused
on the energy storage sector (across multiple projects) in Great Britain for
over seven years, both from the point of view of asset owner/developer and in
a third-party advisory capacity.  The Investment Adviser is an appointed
representative of Laven Advisors LLP, which is authorised and regulated by
the Financial Conduct Authority.)

( )

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