Title: https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx/ URL Source: https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx?type=packet_fund_unit_doc_priip_kid&docid=1498dc8e-937b-4c53-bade-32f62316fcd8&user=hrLT1As7nY9xSXgRktc2LGQrZi0mUXyGsa6N7rG+QeE= Published Time: Mon, 23 Feb 2026 16:35:30 GMT Number of Pages: 3 Markdown Content: # Key Information Document (KID) 1 # Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. # Product Name Aquila European Renewables PLC - Ordinary Shares (''PRIIP'') ISIN GB00BK6RLF66 Manufacturer Aquila European Renewables PLC Contact Details Visit https://www.aquila-european-renewables.com/, or call +44 (0) 203 705 1555 for more information. This Key Information Document is dated 23-01-2026 . You are about to purchase a product that is not simple and may be difficult to understand # What is this product? Type The Company is a public company limited by shares incorporated and registered in England and Wales. The Company's Ordinary Shares are admitted to the FCA Official List with a premium listing and to the London Stock Exchange for trading on the Main Market of the London Stock Exchange. Objectives The Company will pursue its investment objective by effecting an orderly realisation of its assets in a manner that seeks to achieve a balance for Shareholders between maximising the value received from those assets and making timely returns of capital to Shareholders. This process might include a sale of all of the assets, groups of assets (such as specific geographic or technological portfolios), individual assets of the Company or a combination thereof. The Company will cease to make any new Renewable Energy Infrastructure Investments. Capital expenditure will be permitted where it is deemed necessary or desirable by the Board in connection with the realisation, primarily where such expenditure is necessary to protect or enhance an investment’s realisable value. Intended Investor Typical investors in the Company are expected to be asset and wealth managers regulated or authorised by the FCA, other institutional and sophisticated investors, professionally advised private individuals and financially sophisticated non-advised retail investors (some of whom may invest through brokers). Term This product has no fixed maturity date. Following the 2024 AGM resolution, the Company has entered into a managed wind down. The recommended holding period is required under the PRIIPs methodology and reflects the standard assumption for closed-ended funds. It should not be interpreted as an indication of the expected duration of the wind down or the timing of asset realisations. # What are the risks and what could you get in return? The risk indicator assumes you keep the product for 5 years. The actual risk can vary significantly if you cash in at an early stage and you may get back less. You may not be able to sell your product easily or you may have to sell at a price that significantly impacts on how much you get back. The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. We have classified this product as 5 out of 7, which is a medium-high risk class. This rates the potential losses from future performance at a medium-high level, and poor market conditions will likely impact our capacity to pay you. Be aware of currency risk. You will receive payments in a different currency, so the final return you will get depends on the exchange rate between the two currencies. This risk is not considered in the indicator shown above. Investors shall note that besides the risks included in the risk indicator, other risks such as market risk may affect the products performance. Please refer to the Prospectus for further details. This product does not include any protection from future market performance so you could lose some or all of your investment. # Investment Performance Information The Company’s performance will primarily depend on the Investment Adviser’s ability to realise assets during the managed wind-down and the values achieved on disposal. Realised values may be influenced by electricity prices, production levels, inflation, interest rates, and prevailing market liquidity at the time of sale. As the Company invests across multiple European jurisdictions, returns may also be affected by country specific macro economic, regulatory, and policy developments. 2 What could affect my return positively? Effective timing and execution of asset disposals may enhance realised values and improve returns. Returns may also benefit from higher than expected electricity prices, stronger production levels driven by favourable weather and asset availability, supportive inflation dynamics, or lower interest rates. The use of leverage at both Company level and asset level can amplify returns where market conditions are favourable, and positive macro economic or regulatory developments in the countries in which the Company operates may further support performance. What could affect my return negatively? Returns may be negatively affected if disposals occur during periods of reduced market liquidity or adverse market conditions, resulting in proceeds below carrying values. As assets are sold, income is expected to decline while certain operating costs may remain fixed, which may reduce distributions over time. Leverage, repayment terms, and adviser fees may also reduce the amounts ultimately returned to investors. Lower than expected electricity prices, reduced production due to unfavourable weather or asset availability, higher interest rates, or adverse inflation trends may further depress returns, and any event of default on Company level or asset level leverage could lead to forced sales at depressed values. Country specific macro economic or regulatory developments may also have a negative impact on returns. Under adverse market conditions, an investor could suffer significant and prolonged, or even permanent, loss of capital. The maximum possible loss is 100% of the money invested in the Company. There is no minimum guaranteed level of capital to be returned. # What happens if Aquila European Renewables PLC is unable to pay out? The value of the Product is directly impacted by the solvency status of Aquila European Renewables PLC. The PRIIP Manufacturer, as manufacturer of the Product, has no obligation to pay out since the product design does not contemplate any such payment being made. There are no investor compensation or guarantee schemes available to investors should Aquila European Renewables PLC be unable to pay out. # What are the costs? The Reduction in Yield (RIY) shows what impact the total costs you pay will have on the investment return you might get. The total costs take into account one-off, ongoing and incidental costs. The amounts shown here are the cumulative costs of the product itself, for three different holding periods. They include potential exit penalties. The figures assume you invest €10,000. The figures are estimates and may change in the future. Table 1: Costs over time The person selling you or advising you about this product may charge you other costs. If so, this person will provide you with information about these costs, and show you the impact that all costs will have on your investment over time. Investment Scenarios (€10,000) If you exit after 1 year If you exit after 3 years If you exit after 5 years Total Costs Impact on return each year N/A N/A N/A N/A N/A N/A Table 2: Composition of costs The table below shows: • The impact each year of the different types of costs on the investment return you might get at the end of the recommended holding period. • The meaning of the different cost categories. your investment. One-off costs Entry costs N/A There are no entry costs charged by the Company when entering into Exit costs N/A There are no exit costs charged by the Company when exiting your investment. Portfolio transaction costs N/A No portfolio transaction costs, relating to the buying and selling of underlying investments, are payable by you to the Company or its investment manager. You should be aware that portfolio transaction costs are incurred by the Company, as set out in the Company’s Annual Report and Accounts which can be found on the Company’s website. Ongoing costs Other ongoing costs N/A No management or advisory fees are payable by you to the Company, its investment manager or other service providers including its operations manager. You should be aware that management and advisory costs are incurred by the Company, as set out in the Company’s Annual Report and Accounts which can be found on the Company’s website. Incidental costs Performance fees N/A There are no performance fees included with this investment. # How long should I hold it and can I take my money out early? Recommended holding period: 5 years Listed or quoted funds are designed to be long term investments and returns through them can be volatile during their life. The shares of the PRIIP trade continuously on the London Stock Exchange and are not bound by any prescribed redemption or sale restrictions. 3 # How can I complain? As a shareholder of Aquila European Renewables PLC you do not have the right to complain to the Financial Ombudsman Service (FOS) about the management of Aquila European Renewables PLC. Any complaints concerning this Fund or the Key Information Document should be directed to the following address: Postal Address: Aquila European Renewables PLC, 4th Floor, 140 Aldersgate Street, London, EC1A 4HY - Attention of the Company Secretary. E-mail: AQUILACOSECMailbox@apexgroup.com # Other relevant information Additional Information: Copies of the latest prospectus, annual report, semi-annual report (all available in English) are available free of charge on the company website; https://www.aquila-european-renewables.com/. Information on the investment objective, investment restrictions, borrowing and gearing can be found on pages 23 and 59-67 of the Prospectus and updated at the September 2024 AGM (this can be found on the above website). Depending on how you buy shares you may incur other costs, including broker commission, platform fee's and stamp duty. The distributor will provide you with additional documents where necessary. Past Performance: The cost, performance and risk calculations included in this Key Information Document follow the methodology prescribed by FCA rules. Past performance is not a guide to future returns and your investment may be at risk.