Title: Documents.aspx URL Source: https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx?type=packet_fund_unit_doc_priip_kid&docid=9cc30f55-8d37-4eec-8cc5-939356afe754&user=zP7sliISEhdUQbRRxsNUMPRSXmPFeG8ZjV4WjoXqfyE= Published Time: Mon, 15 Sep 2025 08:14:12 GMT Number of Pages: 4 Markdown Content: KEY INFORMATION DOCUMENT # PURPOSE This document provides you with key information about this investment product. It is not marketing material. The information is designed to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with othe r products. In accordance with the Packaged Retail and Insurance -based Investment Products (Retail Disclosure) (Amendment) Regulations 2024 (SI2024/1204), the Company does not need to comply with the UK PRIIPS Regulation and this document has not been prepared in accordance with the UK PRIIPS Regulation. Th e content of this document may look different to other Key Information Documents for other products # PRODUCT # WHAT IS THIS PRODUCT? Type Ordinary shares (the "Ordinary Shares ") in Foresight Environmental Infrastructure Limited , a closed -ended investment company incorporated in Guernsey (the " Company "). The Ordinary Shares are traded in Sterling with a listing in the closed -ended investment funds category on the London Stock Exchange’s Main Market . The Company’s Investment Manager is Foresight Group LLP (the “Manager ”) . The Company has an unlimited life and there is no maturity date for the Ordinary Shares. The Company may, but is under no obligation to, repurchase Ordinary Shares and investors should expect that the primary means of disposing of Ordinary Shares will be b y sales on the secondary market. The ability of shareholders to sell Ordinary Shares in the market, and the price which they may receive, will depend on market conditions and the Ordinary Shares may trade at a discount to their prevailing net asset value. Typically, at any given time on any given day, the price at which an ordinary share can be bought will be higher than the price at which an ordinary share can be sold. Objectives The Company aims to provide shareholders with a sustainable , progressive dividend per share , paid quarterly and to preserve , and where possible enhance, the capital value of its portfolio on a real basis through the reinvestment of cash flows not required for the payment of dividends. The Company's investment policy is to invest in a diversified portfolio of Environmental Infrastructure. Environmental Infrastructure is defined by the Company as infrastructure assets, projects and asset -backed businesses that utilise natural or waste res ources or support more environmentally friendly approaches to economic activity, support the transition to a low carbon economy or which mitigate the effects of climate change. Such investments will typically feature one or more of the following characteri stics: • the benefit of long -term, predictable cash flows, which may be wholly or partially inflation ‑linked ; • supported by long -term contracts or stable and well -proven regulatory and legal frameworks; or • feature well -established technologies, and demonstrable operational performance. The Company derives long -term, predictable, wholly or partially inflation -linked earnings from these projects in the form of dividends and interest. The Company may borrow to purchase investments which may magnify any gains or losses made by the Company. Whilst the Company invests predominantly in operational assets, it may also invest in Environmental Infrastructure which is in its construction or development phase, which includes investment in developers of Environmental Infrastructure or development funding structures relating to Environmental Infrastructure. FORESIGHT ENVIRONMENTAL INFRASTRUCTURE LIMITED – ORDINARY SHARES ISIN: GG00BJL5FH87 Contact Details : The Company can be contacted through its company secretary Apex Fund and Corporate Services (Guernsey) Limited, 1 Royal Plaza, Royal Avenue, St Peter Port, Guernsey, GY1 2HL +44 (0)20 3530 3600 and its website can be found at http:// fgen .com Competent Authority: The Company is not regulated or authorised by the Financial Conduct Authority (“FCA”) but is subject to various laws and regulations, including the Listing Rules, the Disclosure Guidance and Transparency Rules and the Prospectus Regulation Rules, as applic able to closed -ended investment companies. The Company is regulated in England and Wales as a listed fund . PRIIP manufacturer: Foresight Group LLP, the Alternative Investment Fund Manager (“AIFM”) to the Company Date: This key information document (KID) was produced on 1 September 202 5Intended retail investor Typical investors in the Company are expected to be UK -based asset and wealth managers regulated or authorised by the Financial Conduct Authority, other institutional and sophisticated investors and private individuals (some of whom may invest through brokers). An investment in the Company is suitable only for investors that are capable of evaluating the merits and risks of such an investment, who understand the potential risk of capital loss and that there may be limited liquidity in the Ordinary Shares, for whom an investment in the Ordinary Shares constitutes part of a diversified investment portfolio, who fully understand and are willing to assume the risks involved in investing in the Company and who have sufficient resources to be able to bear losses (which ma y equal the whole amount invested) that may result from such an investment. # WHAT ARE THE RISKS AND WHAT COULD I GET IN RETURN? # Risk Indicator > Lower risk Higher risk The risk indicator assumes you keep the product for at least 5 years. The actual risk can vary significantly if you sell at a different stage and you may get back less. There is no committed liquidity offered by market makers or the Company so liquidity depends on the availability of buyers and sellers on the secondary market. You may not be able to sell your Ordinary Shares easily or you may have to sell at a price below the price that you paid or below the prevailing net asset value per Ordinary Share. 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 4 out of 7, which is a medium risk class. This rates the potential losses from future performance at a medium level, and poor market conditions could impact the value of the Ordinary Shares. However, the summary risk indicator only reflects historic share price volatility of the Company’s shares. It excludes other risks which may affect the Company and, therefore, does not show the full risk to the investor . Other risks materially relevant to the Ordinary Shares that are n ot included in the summary risk indicator include those affecting the infrastructure sector generally, renewable energy infrastructure, and individual investments. This product does not include any protection from future market performance so you could lose some or all of your investment. If we are not able to pay you what is owed, you could lose your entire investment. Investment Performance Information What are the main factors likely to affect future returns? The Company is targeting an internal rate of return of 7.5 to 8.5 per cent. (net of fees and expenses) on the original issue price of 100 pence per Ordinary Share issued at IPO in March 2014. In the period from IPO to 3 1 March 202 5, the Company delivered an annual average total shareholder return (share price appreciation with dividend reinvested in the shares) of 3.2 percent. per annum. These returns should be benchmarked against the target set out above and the Company’s stated return objectives. The main factors likely to affect future returns include: • Project, including Operational Risks – Company growth depends on ability of the Manager, to identify, select and execute investments. Wholesale market price s of electricity and gas are volatile and affected by a variety of factors. Some energy projects have fixed price arrangements in place, but these may be subject to change. Company revenues are dependent upon the quality and performance of the equipment making up the assets relating to each project , the volume of waste or waste water process ed or energy/gas generated for energy infrastructure projects, meteorological conditions and the subcontractors and counterparties engaged for the operation and maintenance of the projects. Project financing is subject to terms and covenants which , if not complied with, can cause a loss to the Company. • Regulatory, legal , contractual and tax risks – Changes in regulation of renewable energy policy and support schemes in the UK and other European jurisdictions , changes to the energy market and distribution network, contractual protection, changes to tax law and practice in UK, Guernsey and other European jurisdictions , legal and regulatory controls might affect future returns. • Securities Risk – the value of investment in the Company is subject to market fluctuations and other risks inherent in investing in securities. Future distributions by the Company, including potential growth and NAV are based on assumptions, which are not profit forecasts and cannot be committed to or guaranteed . • Other risks – include risks around use of leverage to finance investments, NAV which is a Company estimation and should not be assumed to represent the value at which the portfolio could be sold in the market or that the investments of the company are saleable readily or otherwise, currency risk, hedging risk and IT risks. How does the target compare with performance volatility? The Company’s performance volatility will depend on factors that affect the Company’s NAV, including discount rate, energy yi eld, electricity and gas prices, inflation rate , tax rates and global exchange rates. What could affect my return positively? Factors that could affect returns positively include improvements to tax efficiency and cash deposit rates, the development o f renewable energy sources in UK and worldwide, increased national and international regulatory and financial support of such development s, favorable macro -economic environment , high volume of renewable energy generated at stable or increased wholesale market prices. What could affect my return negatively? Factors that could affect returns negatively include prevailing financial and economic climate impacts upon the primary development market for new environmental infrastructure projects , increased capital cost of project equipment, challenging macro -economic environment , geopolitical events, reduced wholesale electricity price, reduce d wholesale gas price, changes in interest rates and conditions in the international environmental infrastructure market could have a negative impact on returns. Any change under Guernsey company law (or in the law in any other r elevant jurisdiction) may have an adverse impact on the Company’s ability to pay dividends. What can be expected if the fund is uncashed under severely adverse market conditions? The ability of Shareholders to sell their Ordinary Shares in the market, and the price which they may receive, will depend on market conditions. It may be difficult for a Shareholder to dispose of all or part of his or her holding of Ordinary Shares under the adverse market conditions. Under severely adverse market conditions, there is a risk that the capital value of an investment in the Ordinary Shares coul d reduce significantly, potentially down to zero. # WHAT HAPPENS IF THE COMPANY IS UNABLE TO PAY OUT? The Company is not required to make any payment to you in respect of your investment. If the Company were liquidated, you wou ld be entitled to receive a distribution equal to your share of the Company’s assets, after payment of all of its creditors. No ser vice provider to the Company has any obligation to make any payment to you in respect of the Ordinary Shares. As a Shareholder of the Company, you would not be able to make a claim to the Financial Services Compensation Scheme (“FSCS”) about the Company if the Company is unable to pay out. If you invest in the Company, you should be prepared to assume the risk that you could lose all of your investment. # WHAT ARE THE COSTS? This disclosure has been prepared with reference to the Financial Conduct Authority’s Statement on forbearance in relation to investment company disclosure requirements dated 19 September 2024 (as amended) . It does not seek to comply with the requirements of the PRIIPS Regulation in this regard. 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, on -going and incidental costs paid by you . We have not included operating and interest expenses paid by the Company, which are disclosed in the Company’s Annual Report and Accounts , and its portfolio of investments on the basis that the return that you may receive will depend on the Company’s share price performance and there is no direct link between the Company’s share price an d the expenses that it incurs. The operating and interest expenses incurred by the Company (together with other market factors) can affect the share price o f the Company. You can find more information in the Company’s Article 23 pre -investment disclosure to investors . The amounts shown here are the cumulative costs of the product itself, for three different holding periods. The figures assum e 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 wit h information about these costs and show you the impact that all costs will have on your investment over time. Investment of £10,000 Scenarios If you cash in after 1 year If you cash in after 3 years If you cash in after 5 years Total costs £0 £0 £0 Impact on return (RIY) per year 0% 0% 0% Table 2: Composition of costs The table below shows: • the impact each year of the different types of costs on the investment return that you might get; • the meaning of the different cost categories. This table shows the impact on return per year Entry costs 0% No entry costs are payable to the Company when you acquire Ordinary Shares, although you may be required to pay brokerage fees or commissions. One -off costs Exit costs 0% No exit costs are payable by the Company when you dispose of Ordinary Shares, although you may be required to pay brokerage fees or commissions. Portfolio transaction costs 0 % No portfolio transaction costs, relating to the buying and selling of underlying investments, are payable by you to the Company or its investment manager. Portfolio transaction expenses are incurred by the Company , as set out in the Company’s Annual Report and Accounts .Ongoing costs No management or advisory fees are payable by you to the Company, its investment manager or other service providers including its operations manager. Management, advisory and administrative expenses are incurred by the Company , as set out in the Company’s Annual Report and Accounts . Other ongoing costs 0% Performance fees 0% No performance fee is charged by the Company or its Investment Manager Incidental costs Carried interests 0% No carried interest is payable in respect of the Ordinary Shares. # HOW LONG SHOULD I HOLD IT AND CAN I TAKE MONEY OUT EARLY? This product has no required minimum holding period. The Company has calculated a recommended holding for illustrative purpos es in this document only and no advice is given by the Company as to the individual investment decisions of investors. The Company calculated this period on the basis that (a) Ordinary Shares are designed for long term investment with investors being able to sell their in vestment at will on the London Stock Exchange and (b) the underlying investments of the Company are long - term proj ects. The Company may, but is not obliged to, acquire Ordinary Shares from investors. You may sell your shares in the Company on any day which is a dealing day on the London Stock Exchange. No fees or penalties are payable to the Company on sale of your in vestment but you may be required to pay fees or commissions to any person arranging the sale on your behalf. # HOW CAN I COMPLAIN? As a Shareholder of the Company, you would not have the right to complain to the Financial Ombudsman Service (“FOS”) about the management of the Company . If you have any complaints about the product or conduct of the product manufacturer, you may lodge your complaint via the Company’s website at http://fgen.com or with the Company’s Administrator, Apex Fund and Corporate Services (Guernsey) Limited, by email at FGEN @apexfs.group or by post at 1 Royal Plaza, Royal Avenue, St Peter Port, Guernsey, GY1 2HL . If you have a complaint about a person who is advising on, or selling, the product you should pursue that complaint with the relevant person in the first instance. # OTHER RELEVANT INFORMATION Further documentation, including the Company’s latest prospectus, annual and semi -annual reports and regulatory disclosures, is available on the Company’s website at http://fgen.com. Investors may wish to consult their stockbroker, bank manager, solicitor, accountant or other independent financial adviser before making an investment in the Company. Recommended holding period: 5 years