TIDMFSFL 
 
 
   20 February 2014 
 
   Foresight Solar Fund Limited ("FSFL") 
 
   Interim Management Statement 
 
   Foresight Solar Fund Limited ("FSFL" or the "Company"), the listed 
Renewable Infrastructure Fund investing solely in operational UK Solar 
plants hereby presents its first Interim Management Statement ("IMS") in 
accordance with the UK Listing Authority's Disclosure and Transparency 
Rule 4.3. 
 
   This statement relates to the period from admission on 29 October 2013 
to 31 December 2013. 
 
   Unless otherwise noted, the financial information provided in this IMS 
is unaudited. 
 
   Highlights 
 
 
   -- The Company's GBP150m of proceeds raised from its Initial Public Offering 
      ("IPO") were 100% committed to six assets at the time of listing. 
 
   -- FSFL completed the 100% equity acquisition of the operational 32.2MW 
      Wymeswold solar power plant for a consideration of GBP45m on 11th 
      November 2013. The plant qualified for ROC accreditation at the rate of 
      2.0 ROCs/MWh. 
 
   -- Subsequent to the end of the period the Company has formally entered into 
      a binding contract to acquire its seventh large scale plant, the 10.7MW 
      Hunters Race asset. 
 
   -- Consistent with its investment strategy, the Company has not taken 
      construction risk in the acquisition of these assets. 
 
   -- The Company has acquired a 100% interest in each of the assets. 
 
   -- The Company continues to expect that all GBP150m of investments will be 
      grid connected and operational by 31 March 2014. 
 
   -- In line with the Prospectus the Company intends to pay an initial annual 
      dividend of 6p per Ordinary Share for the year commencing 1 January 2014 
      and rising annually with RPI thereafter. 
 
 
   Financial Information 
 
   As at 31 December 2013, the unaudited net asset value ("NAV") per 
ordinary share was 98.1p (at Launch= 98.0p). 
 
   150,000,000 ordinary shares were issued at IPO. No further shares were 
issued in the period or repurchased for cancellation. 
 
   The net assets at 31December 2013 comprised the following: 
 
 
 
 
Ordinary Shares                      GBP'000  % of Net Assets 
Unquoted Investments at fair value    45,000            30.6% 
Quoted investments at bid price            0               0% 
Total Solar investments               45,000            30.6% 
Cash & liquid investments            101,960            69.3% 
Other net current assets                 209             0.1% 
Market Capitalisation                147,169            100.0 
 
 
 
   For further information please contact: 
 
   Gary Fraser or Sarah Cole at Foresight Group: 
01732 471 800 
 
   Notes to Editors 
 
   About Foresight Solar Fund Limited ("The Company" or "FSFL") 
 
   FSFL is a Jersey-registered closed-end investment company. The Company 
will invest in a portfolio of operational UK ground based solar power 
assets to achieve its objective of providing Shareholders with a 
sustainable and increasing dividend with the potential for capital 
growth over the long-term. 
 
   The Company raised proceeds of GBP150m through an initial public 
offering ("IPO") of shares on the main market of the London Stock 
Exchange in October 2013. 
 
   About Foresight Group 
 
   Foresight Group was established in 1984 and today is a leading 
independent infrastructure and private equity investment manager with 
over GBP1 billion of assets under management. As one of the UK's leading 
solar infrastructure investment teams Foresight funds currently manage 
over GBP650 million in 23 separate operating Photovoltaic ("PV") plants 
in the UK, the USA, Italy and Spain. 
 
   In May 2013 Foresight executed an innovative refinancing of its existing 
UK solar assets through the issue of a GBP60m London Stock Exchange 
listed index-linked Solar Bond. 
 
   Foresight Group has offices in the UK, the USA and Italy. 
 
   www.foresightgroup.eu 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Foresight Solar Fund Limited via Globenewswire 
 
   HUG#1763292
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