Project Finance Agreement to reduce RCF

10 July 2025

SDCL Efficiency Income Trust plc ("SEIT" or the "Company")Project Finance Agreement to reduce RCF

SDCL Efficiency Income Trust plc (LSE: SEIT) is pleased to announce a new financing facility. This has been negotiated on favourable terms and serves to achieve liquidity that will be used to reduce SEIT's drawings on its RCF by approximately £17 million.

Financing at Zood Infrastructure Ltd ("Zood")

As referred to in the Annual Results on 23 June 2025, Sustainable Development Capital LLP ("SDCL" or the "Investment Manager") has successfully secured a new senior debt facility for the Zood portfolio of operational assets, operated and managed by the Electric Vehicle Network ("EVN"). Zood is wholly owned by SEIT, which also owns a 15% minority stake in EVN. The new financing does not prevent a full or partial disposal in the future.

The facility provides an initial £17.6 million in long-term financing plus an additional uncommitted facility of up to £40 million to support Zood's growing pipeline of projects. The majority of the initial drawing will be used to reduce the Company's RCF,

Jonathan Maxwell, CEO of SDCL, commented:

"As we focus on de-leveraging SEIT and crystallising value for its shareholders, the financing at Zood helps to reduce SEIT's short term revolving credit facility, while providing Zood with financing.

"The Investment Manager is targeting disposals and refinancings in the coming months with the objective to continue to reduce the RCF and, ultimately, to return capital to shareholders."

For Further Information

LEI: 213800ZPSC7XUVD3NL94

About SEIT

SDCL Efficiency Income Trust plc is a constituent of the FTSE 250 index. It was the first UK listed company of its kind to invest exclusively in the energy efficiency sector. Its projects are primarily located in North America, the UK and Europe and include, inter alia, a portfolio of cogeneration assets in Spain, a portfolio of commercial and industrial solar and storage projects in the United States, a regulated gas distribution network in Sweden, a portfolio of on-site energy recycling, cogeneration and process efficiency projects, servicing the largest steel blast furnace in the United States and a district energy system providing essential and efficient utility services on one of the largest business parks in the United States.

The Company aims to deliver shareholders value through its investment in a diversified portfolio of energy efficiency projects which are driven by the opportunity to deliver lower cost, cleaner and more reliable energy solutions to end users of energy.

The Company is targeting an attractive total return for shareholders with a stable dividend income, capital preservation and the opportunity for capital growth. The Company is targeting a dividend of 6.36p per share in respect of the financial year to 31 March 2026. SEIT's last published NAV was 90.6p per share as at 31 March 2025.

Past performance cannot be relied on as a guide to future performance.

Further information can be found on the Company's website at www.seitplc.com.

Investment Manager

SEIT's investment manager is Sustainable Development Capital LLP ("SDCL"), an investment firm established in 2007, with a proven track record of investment in energy efficiency and decentralised generation projects in the UK, Continental Europe, North America and Asia.

SDCL is headquartered in London and also operates worldwide from offices in New York, Dublin Hong Kong and Singapore. SDCL is authorised and regulated in the UK by the Financial Conduct Authority.

Further information can be found on at www.sdclgroup.com.