GREENCOAT RENEWABLES PLC - Notice of dividend currency exchange rate (South African Rand)

Notice of dividend currency exchange rate (South African Rand)

GREENCOAT RENEWABLES PLC
(Incorporated in the Republic of Ireland)
Registration Number: 598470
LSE Share Code: GRP
Euronext Dublin Share Code: GRP
JSE Share Code: GCT
ISIN Code: IE00BF2NR112
LEI: 635400TVSIFFQOB8RB67
("GRP" or the "Company")


NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

On 8 May 2026, the Company announced its quarterly dividend for the period ended 31
March 2026 of 1.70250 euro cents per share.

The currency exchange rate applicable for the quarterly dividend payable in South African
cents to shareholders on the South African register is based on the exchange rate on Friday,
22 May 2026 and is set out below:

 Q1 Declared dividend               Exchange rate                Gross dividend in South
                                                                 African ("SA") cents per
                                                                 share
 1.70250 euro cents per share       19.01250                     32.36878

The gross dividend in South African cents per share of 32.36878 will be subject to Irish
Dividend Withholding Tax ("Irish DWT") at a rate of 25% (equalling 8.09220 SA cents per
share), which will be withheld from the gross dividend paid to SA shareholders. After the
deduction of Irish DWT, the net amount of the dividend will be 24.27659 SA cents per share.

Shareholders tax resident in South Africa can apply for a refund of the full amount of the Irish
DWT withheld from the Irish Revenue Commissioners. A refund of Irish DWT can be claimed
by shareholders tax resident in South Africa in accordance with the relevant process noted in
the announcement published on SENS on 8 May 2026.

The dividend may also be subject to SA Dividends Tax at the rate of 20% (equalling 6.47376
SA cents per share), unless a shareholder qualifies for an exemption ("SA DWT"). After the
deduction of Irish DWT and SA DWT, the net amount of the dividend will be 17.80283 SA cents
per share.

Any shareholder who receives a dividend which is subject to SA DWT (i.e. where no exemption
is available) will qualify for a reduction in SA DWT in respect of Irish DWT, to the extent that
the Irish Revenue Commissioners does not allow the refund of the Irish DWT after application
for same.

The ultimate result, should Irish DWT be refunded, is that the dividend will be subject to SA
DWT at a rate of 20% (unless a shareholder qualifies for an exemption from SA DWT).
Summary table

                                                                   ZAR cents
 Gross dividend                                                    32.36878
 Less: 25% Irish DWT ¹                                             8.09220
 Net dividend after deduction of Irish DWT                         24.27659
 Less: 20% SA DWT ²                                                6.47376
 Net dividend                                                      17.80283

 Notes:
 1. Shareholders tax resident in South Africa can apply for a refund of Irish DWT withheld
    from the Irish Revenue Commissioners.
 2. Any shareholder who receives a dividend which is subject to SA DWT (i.e. where no
    exemption is available) will qualify for a reduction in SA DWT in respect of the Irish
    DWT, to the extent that the Irish Revenue Commissioners does not allow the refund
    of the Irish DWT after application for same.

Shareholders should seek independent professional tax advice if they are uncertain about
their tax position.

                                             --- ENDS ---

The Company has listings on the Alternative Investment Market of the LSE and the Euronext
Growth Market of Euronext Dublin and a secondary listing on the Alternative Exchange of the
JSE.

Ireland
25 May 2026

JSE Sponsor
Valeo Capital (Pty) Ltd


For further information, please contact:


Schroders Greencoat LLP (Investment Manager)
Bertrand Gautier
Paul O'Donnell
John Musk                                                   +44 20 7832 9400

FTI Consulting (Investor Relations & Media)
Melanie Farrell                                             +353 86 401 5250
Conor Pierce                                                greencoat@fticonsulting.com

About Greencoat Renewables PLC

Greencoat Renewables PLC is an investor in euro-denominated renewable energy
infrastructure assets. Initially focused solely on the acquisition and management of operating
wind farms in Ireland, the Company has expanded to invest in wind and solar assets across
other European countries with stable and robust renewable energy frameworks. It has
recently broadened its strategy with the launch of a green digital infrastructure platform
targeting renewably powered data centre developments in Ireland and across Europe.

Greencoat Renewables is managed by Schroders Greencoat LLP, an experienced investment
manager in the listed renewable and energy infrastructure sector.

Date: 25-05-2026 08:00:00
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