Notice of 2020 Annual General Meeting

5 June 2020

Gresham House Energy Storage Fund PLC

(the "Company" or "GRID")

Notice of 2020 Annual General Meeting ("AGM")

Gresham House Energy Storage Fund PLC (LSE: GRID) is pleased to announce that the Notice of its 2020 AGM is now available to view in the Key Documents section 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 10.00 a.m. on Tuesday, 30 June 2020. The AGM will be held virtually via videoconference; there will therefore be no place of meeting.

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.

AGM Format

Given the unprecedented circumstances surrounding the COVID-19 pandemic, the board of directors of the Company (the "Board" or "Directors") has decided to put in place contingency arrangements that mean the AGM will not follow its usual format. In so doing, the Board is relying on the provisions of the Corporate Insolvency and Governance Bill (the "Bill"), which is expected to be enacted before the AGM. 

Only the statutory formal business (consisting of voting on the resolutions proposed in the Notice of AGM) required to meet the minimum legal requirements will be conducted at the AGM. The AGM will therefore proceed as set out below:

•           the AGM will be held virtually via videoconference - there will therefore be no place of meeting;

•           there will be no presentation at the AGM;

•           Shareholders cannot attend the meeting in person - there will therefore be no opportunity to ask questions of the Board or of Gresham House Asset Management Limited (the "Manager") at the meeting (although there will be an opportunity to ask questions in advance of the meeting and further information in relation to this is provided in the Notice of AGM);

•           as would normally be the case, the votes on the resolutions to be proposed at the AGM will be conducted on a show of hands; and

•           the results of the proxy votes will be published immediately following the conclusion of the AGM by way of a stock exchange announcement and on the Company's website.

Although this is a very unusual approach, the Board considers that given the social distancing measures currently in force and in light of the latest published government guidance and the provisions of the Bill, proceeding with a "technical" AGM is in the best interests not only of the Company, but also of each of its individual Shareholders.

The Board will continue to monitor the Government's advice and urges all Shareholders to comply with any restrictions in place at the time of the AGM. If circumstances change and if social distancing measures are further relaxed before the AGM, or if the provisions of the Bill change or it is not enacted and/or is not expected to become law before the AGM the Company may consider amending the proposed format of the AGM. In such circumstances the Company will notify Shareholders of such changes as soon as possible via RIS and its website (https://greshamhouse.com/real-assets/new-energy/gresham-house-energy-storage-fund-plc/).

- ENDS -

For further information, please contact:

About the Company and the Manager:

Gresham House Energy Storage Fund plc owns a portfolio of utility-scale operational energy storage systems (known as ESS) located in Great Britain. The portfolio has a total capacity of 174MW. The Company is managed by Gresham House Asset Management Limited under the leadership of Ben Guest. The Company was admitted to trading on the London Stock Exchange (Specialist Fund Segment) on 13 November 2018 having raised £100 million of gross proceeds from investors. Including issuance under the Placing Programme, it has now raised a total of approximately £237 million of gross proceeds from investors.

The Gresham House New Energy team has a proven track record in developing and operating energy storage and other renewable assets having developed 124MW of Energy Storage Systems and approximately 290MW of predominantly ground-mounted solar projects. Gresham House Asset Management currently manages approximately 195MW of solar and wind energy projects.

Gresham House Asset Management is the Financial Conduct Authority authorised operating business of Gresham House plc, a London Stock Exchange quoted specialist alternative asset manager. Gresham House is committed to operating responsibly and sustainably, taking the long view in delivering sustainable investment solutions.

www.greshamhouse.com

Definition of Utility-scale battery Storage Systems

Utility-scale battery storage systems 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 for it.