Step-up to the Main Board of the JSE Limited

Greencoat Renewables to step-up to the Main Board of the JSE Limited ("JSE")

Dublin, London, Johannesburg | 19 May 2026: Greencoat Renewables PLC ("Greencoat", "the Company" or "GRP"), the renewable energy infrastructure company investing in European renewable energy generation assets, announces that, following receipt of all requisite approvals (including JSE approval and shareholder approval of the amended Articles), it will reclassify and transfer its secondary listing on the AltX to a dual primary listing on the Main Board of the JSE with effect from 28 May 2026 ("Reclassification and Transfer").

The Company continues to see active engagement from South African institutional investors, reflecting confidence in GRP's established platform and track record. The Main Board of the JSE provides the appropriate platform for further market visibility and investor access.

No new ordinary shares will be issued in connection with the Reclassification and Transfer, and the Company will continue to maintain its listings on Euronext Growth in Dublin and the Alternative Investment Market in London.

Valeo Capital Proprietary Limited will continue to act as the Company's sole JSE Corporate Advisor and Sponsor.

Paul O'Donnell, Investment Manager at Schroders Greencoat, said:

"The transition to the Main Board of the JSE reflects the continued evolution of Greencoat Renewables as a leading European renewable infrastructure business. We have seen growing interest from South African investors, and this move enhances our ability to access that capital base while increasing the Company's visibility. We believe the Main Board of the JSE provides an appropriate setting to support our next phase of growth, underpinned by disciplined capital allocation and a focus on long-term value creation."

Bernard Byrne, Non-Executive Chairman of Greencoat Renewables, said:

"We are pleased to proceed with our planned transfer to the Main Board of the JSE, following strong support from shareholders. This marks an important milestone in Greencoat's development as a listed company. We see the JSE Main Board listing as an appropriate exchange for a business of our scale and maturity, and one that aligns well with our long-term strategy. The Company's Board remains focused on disciplined capital allocation and maintaining the resilience of our portfolio, while continuing to deliver attractive dividends for shareholders."

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