Octopus Renewables Infrastructure Trust

2 November 2020

LEI: 213800B81BFJKWM2JV13

Octopus Renewables Infrastructure Trust plc

("ORIT" or the "Company")

Dividend Declaration

The Board of Octopus Renewables Infrastructure Trust plc (the "Company" or "ORIT") is pleased to declare an interim dividend in respect of the period from 1 July 2020 to 30 September 2020 of 1.06 pence per ordinary share, payable on 27 November 2020 to shareholders on the register at 13 November 2020. The ex-dividend date will be 12 November 2020 (the "Q3 2020 Dividend").

As detailed in the Company's IPO prospectus dated 19 November 2019 (the "Prospectus"), a portion of the Company's dividends will be designated as an interest distribution for UK tax purposes. The interest streaming percentage for the Q3 2020 Dividend is 27.5%.

The Q3 2020 Dividend is in line with the Company's dividend target for the period from 10 December 2019 to 31 December 2020 ("FY 2020") of an initial annualised dividend yield of 3%, by reference to the IPO issue price of £1.00 per ordinary share, equating to 3.18 pence for FY 2020*.

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*The dividend and return targets stated in this announcement are targets only and not profit forecasts. There can be no assurance that these targets will be met, or that the Company will make any distributions at all and they should not be taken as an indication of the Company's expected future results. The Company's actual returns will depend upon a number of factors, including but not limited to the Company's net income and level of ongoing charges. Accordingly, potential investors should not place any reliance on these targets and should decide for themselves whether or not the target dividend and target net total shareholder return are reasonable or achievable. Investors should note that references in this announcement to "dividends" and "distributions" are intended to cover both dividend income and income which is designated as an interest distribution for UK tax purposes and therefore subject to the interest streaming regime applicable to investment trusts.

Notes to editors

About Octopus Renewables Infrastructure Trust

Octopus Renewables Infrastructure Trust plc is a closed end investment company incorporated in England and Wales focused on providing investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of renewable energy assets in Europe and Australia. Octopus Investments Limited acts as the Investment Manager to the Company.

Further details can be found at www.octopusrenewablesinfrastructure.com.

About Octopus Renewables

Octopus Renewables, part of Octopus Investments and the wider Octopus Group, is a specialist clean energy investment manager with a mission to accelerate the transition to a future powered by renewable energy. Since 2010, Octopus Renewables has, on behalf of its clients, invested in a diverse portfolio of assets with a capacity of over 2.5GW and is now the largest commercial solar investor in Europe and a leading UK investor in onshore wind. Octopus Renewables is co-led by Matt Setchell and Alex Brierley and has over 70 employees in the UK and Australia.

Further details can be found at www.octopusrenewables.com

Neither the content of any website referred to in this announcement nor the content of any website accessible from hyperlinks is incorporated into, or forms part of, this announcement.