Title: 238762205.pdf URL Source: https://documentscdn.financialexpress.net/Literature/785BC84339BF0C5B46AC42805C42CD1F/238762205.pdf Number of Pages: 3 Markdown Content: BOARD OF DIRECTORS Michael Gibbons Chair and Chair of Nomination Committee Glen Suarez Senior Independent Director Elizabeth Burne Chair of Audit and Risk Committee Meriel Lenfestey Chair of Environmental, Social and Governance Committee and Chair of Remuneration Committee Chris Waldron Chair of Management Engagement and Service Providers Committee John Scott Director (retired 30 November 2025) On 21 October 2025, Michael Gibbons CBE, was appointed as Chair of the Board, succeeding John Scott, who retired as a non-executive director on 30 November 2025. 1 Based on the unaudited NAV per Ordinary Share as at 31 December 2025 2 The on-going charges ratio is calculated in accordance with the Association of Investment Companies (“AIC”) recommended methodology # KEY STATISTICS # COMPANY INFORMATION Financial and Operational Highlights • The Company’s unaudited Net Asset Value (‘NAV’) as at 31 December 2025 is £638.3 million, or 107.80 pence per Ordinary Share (‘pps’), compared to the unaudited NAV of £675.0 million, or 114.00 pps as at 30 September 2025. This equates to a movement in the quarter of -5.40% and a NAV total return for the quarter of -1.49%. • Construction of the Mauxhall Farm battery energy storage project (25MW) is in progress, with a target energisation date in March 2026. • Romsey X (9.2MW), a site within Lyceum portfolio, is in its first year of operations and achieved its provisional acceptance certificate in November. • The solar and battery storage pipeline currently under development by the Company, stands at 2.9GW (946MW solar and 1,915MW battery storage). • Post Period end, the Company announced that c. 660MW of its development pipeline had achieved the important Gate 2, Phase 1 connection status. Receipt of a Gate 2, Phase 1 offer means that projects have had their connection date confirmed as being between 2026-2030 and so have attained a highly protected status in the queue of projects to be connected to the grid. Strategic Review and Commencement of a Formal Sale Process • On 5 November 2025, the Company announced a Strategic Review and Commencement of a Formal Sale Process. The full announcement can be found at: https://www. londonstockexchange.com/news-article/BSIF/strategic-review-and-start-of-formal-sale-process/17311609 • The Strategic Review and Formal Sale Process continues in line with the Board’s expectations. The Company will provide further updates when appropriate. Bluefield Solar Income Fund Limited (“BSIF” or the “Company”) focuses, primarily, on acquiring and managing solar energy assets. # Factsheet ## As at 31 December 2025 Dividends • On 21 October 2025, the Board announced the fourth interim dividend in respect of the year ended 30 June 2025 of 2.30pps, which was paid on 21 November 2025 to shareholders on the register on 31 October 2025. • Post Period end on 26 January 2026, the Board announced the first interim dividend in respect of the year ended 30 June 2026 of 2.25pps, which will be paid on or around 6 March 2026 to shareholders on the register on 6 February 2026. Investment objective The Company seeks to provide shareholders with an attractive return, principally in the form of quarterly income distributions by being invested primarily in solar energy assets located in the UK. Investment Policy and Strategy Summary The Company primarily invests in long life UK solar energy infrastructure, as well as having the ability to invest on a minority basis in other renewable energy assets (including non-subsidised assets) and energy storage assets. Such minority exposure will be limited to a maximum of 25 per cent. of the Company’s Gross Asset Value (‘GAV’) calculated at the time of investment. No single asset (excluding any third party funding or debt financing in such asset) will represent, on acquisition, more than 25 per cent. of the prevailing NAV. Total non-recourse financing within the portfolio will not exceed 50 per cent. of the prevailing GAV. Short term debt to facilitate the acquisition of investments (when taken together with the project finance noted above) will also be limited so as not to exceed 50 per cent. of GAV. Please see the Company’s website for the full investment policy. Listing London Stock Exchange Premium Segment Index Inclusion FTSE 250 SEDOL BB0RDB9 ISIN GG00BB0RDB98 Ticker BSIF.L Dividend Payments Quarterly Registered Office PO Box 286, Floor 2, Trafalgar Court, Les Banques, St. Peter Port, Guernsey, GY1 4LY Registered Number 56708 Financial Year End 30 June Website www.bluefieldsif.com Ordinary Shares Issued # 592,080,033 Share price # 68.50p Market Capitalisation # £406m NAV 1 # £638.3m NAV per Ordinary Share 1 # 107.80p Premium/Discount to NAV # -36.46% AIC ongoing charges 2(based on 30 June 2025 calculation) # 0.95% Leverage (as a percentage of GAV) # 46.4% NI SINGLE WIND TURBINE PORTFOLIO <5MWp 5 - 10MWp 10 - 45MWp >45MWp SOLAR PV MICRO SITES WIND SINGLE TURBINE WIND FARM <5MWp 5 - 10MWp 10 - 45MWp STRATEGIC PARTNERSHIP PORTFOLIO SOLAR PV Note: Graph percentages are based on capacity of the operational portfolio of 851.8MW as at 31 December 2025 GEOGRAPHICAL ANALYSIS Norfolk 10.7% Kent 6.4% Devon 4.9% Somerset 4.6% Cornwall 6.4% Sussex 1.8% Cambridgeshire 4.8% Leicestershire 1.4% Hampshire 8.6% Gloucestershire 1.7% Wiltshire 7.6% Dorset 4.7% Other Counties 13.0% Northern Ireland 1.5% Derbyshire 2.0% Oxfordshire 7.3% Lincolnshire 6.4% Northamptonshire 6.3% SUBSIDY SCHEME 2.0 ROC 3.3% 1.6 ROC 14.5% 1.4 ROC 38.0% 1.3 ROC 5.5% FiT 12.5% 1.2 ROC 11.1% 4.0 ROC 0.7% 1 ROC 2.0% 0.9 ROC 3.4% 1.5 ROC 0.3% Subsidy free 2.7% # THE COMPANY’S INVESTMENT PORTFOLIO ## As at 31 December 2025 Factsheet - 31 Dec 2025 Solar PV 93.0% Onshore Wind 7.0% TECHNOLOGY (MW) CfD 6.0% Public Relations Burson Buchanan Rose Court, 2 Southwark Bridge, London, SE1 9HS Contact: Henry Harrison-Topham / Henry Wilson +44 (0)207 466 5000 BSIF@buchanan.uk.com Joint Financial Adviser N.M. Rothschild & Sons Limited New Court, St Swithin’s Lane, London, EC4N 8AL Contact: Emmet Walsh / Jack Vellacott +44 (0) 20 7280 5000 Registrar Computershare Investor Services (Guernsey) Limited c/o 13 Castle Street, St Helier, Jersey, JE1 1ES HELPLINE: +44 (0) 1534 281 800 http://www.computershareoffshore.com Principal Bankers Royal Bank of Scotland International Limited Royal Bank Place, 1 Glategny Esplanade St Peter Port, Guernsey, GY1 4BQ # ESG AND SUSTAINABILITY Following the strategic review of our sustainability priorities last year, our refreshed ESG framework has continued to guide decision-making across the portfolio, from development through to our day-to-day operations. Estimated annual figures based on actual and forecasted generation data for the period 1 July 2025 – 30 June 2026 2 GWh of renewable energy generated ## 880 CO2e avoided (tonnes) 1 ## 155,000 Houses powered with renewable energy 2 ## 326,500 # DISCLAIMER “This Factsheet (‘Factsheet’) in relation to the Bluefield Solar Income Fund (‘BSIF’) has been prepared and is being issued by Bluefield Partners LLP (‘Bluefield’), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority. No Offer: This Factsheet is provided for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in any jurisdiction. In particular, this Factsheet is not directed at, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation or would require any registration or licensing within such jurisdiction. This Factsheet does not constitute or form part of, and should not be construed as, any offer for sale, placement or subscription of, or solicitation of any offer to buy or subscribe for, any interests in any fund and/or vehicle in any jurisdiction, including the United States, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever in any jurisdiction, including the United States. Not Advice: The information contained in this Factsheet is not intended to be, and should not be construed as, investment, financial, legal, tax or other advice, and is not a recommendation, endorsement or representation as to the suitability of any investment. You should seek independent professional advice before making any investment decision. Past performance is not indicative of future results; no representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided. Capital at Risk. No Approval By Regulatory Authorities: The contents of this Factsheet have not been approved by any supervisory authority or securities commission in any jurisdiction.” # INFORMATION Investment Adviser Bluefield Partners LLP 6 New Street Square, London, EC4A 3BF Key contact: James Armstrong, Managing Partner +44(0) 207 078 0020 info@bluefieldllp.com www.bluefieldllp.com Broker & Joint Financial Adviser Deutsche Numis 21 Moorfields, London, EC2Y 9DB Contact: Hugh Jonathan / Matt Goss +44 (0)207 260 1000 InvestmentCompaniesTeam@dbnumis.com Administrator & Company Secretary Ocorian Administration (Guernsey) Ltd Floor 2, Trafalgar Court, Les Banques, St Peter Port, Guernsey, GY1 4LY Contact: Chezi Hanford +44 (0)1481 742 742 BluefieldTeam@ocorian.com Announcement of Interim Results in respect to the financial year ending 30 June 2026 3 March 2026 Second interim dividend declared in respect to the financial year ending 30 June 2026 May 2026 Company Financial Year End 30 June 2026 Third interim dividend to be declared in respect to the financial year ending 30 June 2026 August 2026 Fourth interim dividend to be declared in respect to the financial year ending 30 June 2026 September / October 2026 Announcement of Annual Results in respect to the financial year ending 30 June 2026 September / October 2026 Company Financial Half Year End 31 December 2026 First interim dividend declared in respect to the financial year ending 30 June 2027 January 2027 # INVESTMENT ADVISER Bluefield Partners LLP was established in 2009 and is an investment adviser to companies and funds investing in renewable energy infrastructure. It has a proven record in the selection, acquisition and supervision of large-scale energy assets in the UK and Europe. The Bluefield team has been involved in over £6.3 billion renewable funds and/or transactions in both the UK and Europe, including over £1.9 billion for BSIF in the UK since December 2011. Bluefield was appointed Investment Adviser to the Company in June 2013. Based in its London office, Bluefield’s partners are supported by a dedicated and highly experienced team of investment, operations, finance, legal and portfolio executives. As Investment Adviser, Bluefield takes responsibility for selection, origination and execution of investment opportunities for the Company, having executed over 200 individual SPV acquisitions on behalf of BSIF and European vehicles. # CORPORATE CALENDAR Factsheet - 31 Dec 2025 1. Estimated annual figures based on actual and forecasted generation data for the period 1 July 2025 – 30 June 2026 2. Based on Ofgem’s Typical Domestic Consumption Values (TDCV).