GRID Gresham House Energy Storage Fund Plc

20 May 2024

Gresham House Energy Storage Fund plc

(the "Company" or "GRID")

Notice of 2024 Annual General Meeting ("AGM")

Gresham House Energy Storage Fund plc (LSE: GRID) is pleased to announce that the Notice of its 2024 AGM is now available to view on the Company's website at https://greshamhouse.com/real-assets/new-energy/gresham-house-energy-storage-fund-plc/.

The AGM will be held at 09.30 a.m. on Thursday, 20 June 2024, at New Broad Street House, 35 New Broad Street, London, EC2M 1NH.

The formal Notice of AGM will be posted to those shareholders who have elected postal correspondence and will shortly be available for inspection from the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Proposed AGM arrangements

This year's AGM will be held in person and the Board welcomes the opportunity to engage with those shareholders in the Company ("Shareholders") who choose to attend the AGM this year.

The AGM will proceed as set out below:

·      the AGM will be held in person at New Broad Street House, 35 New Broad Street, London, EC2M 1NH;

·      the Board and representatives of Gresham House Asset Management Limited (the "Investment Manager") are expected to be present at the AGM in person;

·      there will be no presentation from the Board or the Investment Manager at the AGM. However, there will be an opportunity to ask questions of the Board or the Investment Manager relating to the business and resolutions proposed at the AGM;

·      Shareholders are encouraged to submit questions in advance of the AGM by sending these questions to GHEnergyStorageCoSec@jtcgroup.com on or before Friday, 14 June 2024;

·      the votes on the resolutions to be proposed at the AGM will be conducted on a poll and the Chair of the meeting will vote in the poll in accordance with the proxies held; and

·      the results of the poll votes will be published as soon as possible following the conclusion of the AGM by way of a Regulatory Information Service ("RIS") announcement and on its website (https://greshamhouse.com/real-assets/new-energy/gresham-house-energy-storage-fund-plc/).

If for any reason circumstances change, the Company will consider these changes and, if it is appropriate, notify shareholders of any changes to the proposed format for the AGM as soon as possible via an RIS announcement and on its website.

Investor Engagement Event 

The Board values the opportunity to engage with its investors and intends to have a more comprehensive engagement session with shareholders later in the year. Once the appropriate arrangements for this session can be arranged the Company will make an announcement setting out the relevant details and inviting shareholders to this event. This event is intended to be of interest to the institutional and retail shareholders of the Company and will include multiple speakers from the Investment Manager. While shareholders are welcome to attend the AGM in person, the Board is of the opinion that the anticipated shareholder engagement session later in the year may be a more interesting event for shareholders to engage with the Board and Investment Manager.

If you are planning to attend the AGM in person, please notify the Company Secretary on or before Tuesday, 18 June 2024, at GHEnergyStorageCoSec@jtcgroup.com so that appropriate arrangements can be made to facilitate access to the meeting and to make the appropriate arrangements for the meeting.

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For Further Information

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 internationally. 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 Ltd, a 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