Update on Sale of Remaining Assets

1 December 2025

GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC

(the "Company", the "VCT")

Update on Sale of Remaining Assets

Background

The Company notes the consultation issued on 31 October 2025 by the Department for Energy Security & Net Zero on changes to inflation indexation in the Renewables Obligation scheme[1].

The Company is discussing any potential implications of this consultation with the prospective buyer of its remaining solar assets. This is likely to require alteration to the structure of the transaction and a reduction in the net sale proceeds for the assets depending on the outcome of the consultation.

On 17 September 2025, the Company announced that completion of the sale of the VCT's remaining solar assets was expected during Q4 2025. The Company continues to work hard to achieve that timeline, but it may be delayed to Q1 2026 as a result of the consultation.

Change of Accounting Reference Date

In light of the timeline for asset sales and the need for the Company to subsequently enter into voluntary liquidation, the Board has resolved to change the Company's accounting reference date from 30 September 2025 to 31 March 2026 with immediate effect.

Further details on the Company's expected reporting timetable as a result of the change to its accounting reference date will be announced in due course.

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LEI: 213800IVQHJXUQBAAC06