Aquila Energy Efficiency Trust : Resolution passed at General Meeting

THE COMPANIES ACT 1985

AQUILA ENERGY EFFICIENY TRUST PLC ("the Company")

(Company Number 13324616)

RESOLUTIONS PASSED AT A GENERAL MEETING HELD ON 13 MAY 2024

At a General Meeting of Aquila Energy Efficiency Trust plc duly convened and held at the offices of Apex Group, 6th Floor, 125 London Wall, London, England, EC2Y 5AS the following special resolution was passed.

Special Resolution

THAT, in addition to the authority granted for the purpose of section 701 of the Companies Act 2006 pursuant to resolution 10 at the annual general meeting of the Company held on 14 June 2023, and any renewed, substituted or varied authority that may be approved at the next annual general meeting of the Company to be held on 12 June 2024 (or as adjourned), the Company be and is hereby generally and unconditionally authorised in accordance with section 701 of the Companies Act 2006 to make market purchases (within the meaning of section 693(4) of the Companies Act 2006) of Ordinary Shares of £0.01 each in the capital of the Company ("Ordinary Shares"), in connection with a tender offer for Ordinary Shares on the terms set out or referred to in the circular to the Company's shareholders dated 19 April 2024 (a copy of which is produced to the meeting and signed for identification purposes by the Chair of the meeting) ("Tender Offer"), provided that:

(a) the maximum number of Ordinary Shares that may be purchased under this authority is eighteen million, five hundred and sixty one thousand and eight hundred and sixty nine (18,561,732) Ordinary Shares;

(b) the maximum price and minimum price that may be paid for any Ordinary Share shall be a fixed price of 94.28 pence per Ordinary Share; and

(c) unless otherwise revoked, varied or renewed by the Company, the authority hereby conferred will expire on 13 May 2025 (or, if the general meeting is adjourned, such date falling one year from the date of such adjourned meeting) save that the Company may before the expiry of such authority make a contract to purchase which will or may be executed wholly or partly after the expiry of such authority and the Company may make a purchase of such Ordinary Shares after such expiry pursuant to such contract.

Certified a true copy

For and on behalf of

Apex Listed Companies Services (UK) Limited

Company Secretary