Share Buyback Programme – Second Tranche

Greencoat Renewables today announces its intention to commence a second tranche (the "Second Tranche") which will return a further €25m of capital to shareholders, to begin on the day following completion of the First Tranche (anticipated being during July 2026) and which is expected to end no later than 31 December 2026. All shares repurchased under the Second Tranche will be cancelled.

Greencoat Renewables announces that it has entered into an agreement with J&E Davy ("Davy") and RBC Europe Limited ("RBC") under which it has issued instructions to manage the second tranche of the Programme. Davy and RBC will continue to act as riskless principals to conduct the Programme and to purchase Shares on Euronext Dublin for subsequent repurchase by the Company for a maximum aggregate consideration of up to €25 million and to make trading decisions under the Programme in accordance with certain pre-set parameters. Under the terms of the agreement, only one of Davy and RBC will be authorised to repurchase shares at any one point in time. Further in terms of the agreement, Davy and RBC will make purchases of the Shares under the Programme independently of, and uninfluenced by, the Company.

The purpose of the Programme is to reduce the share capital of the Company in line with this announcement. Under the terms of the Programme, the Shares will be repurchased on Euronext Dublin and will subsequently be cancelled.

The Programme will be conducted in accordance with:

• the Company's general authority to repurchase shares (which authorises the repurchase of a maximum of 166,918,897 shares, being 14.99% of the issued share capital of the Company), as approved by shareholders at the Company's AGM held on 7 May 2026;
• the JSE Listings Requirements.

There is no guarantee that the Programme will be implemented in full or that any Shares will be bought back by the Company.