Foresight Slr Fnd Ld Foresight Solar Fund Limited : Trading Statement

TIDMFSFL

19 May 2014

Foresight Solar Fund Limited ("The Company")

-- The Company confirms that is has signed financing documentation for a
GBP100m debt acquisition facility to fund additional operational solar
power plant acquisitions.

-- The facility has been agreed jointly with RBC, RBS and Santander.

-- The Company has to date invested 88% of its net IPO proceeds in 100MW of
operational UK solar assets.

-- The 10.7MW Hunters Race asset is expected to be operational shortly which
will conclude all possible acquisitions available from its GBP150m IPO
proceeds.

-- The Company confirms its intent to deliver a target dividend of 6p per
ordinary share in respect of its first financial year.

The Company is pleased to confirm that the proposed acquisition facility
outlined in its IPO Prospectus has now reached Financial Close for a
total facility size of GBP100m. This facility will be drawn to fund
future operational UK solar power plant acquisitions. It is expected
that the facility will be repaid through utilisation of one or more of;
excess dividend cover, further equity issuance and/or refinancing with a
long-term debt facility.

The providers of the facility are RBC, RBS and Santander.

The Company announced on 13 February 2014 that it had entered into a
binding sale and purchase agreement for the acquisition of the 10.7MW
Hunter's Race project. Hunter's Race is expected to become operational
shortly as a 1.4 ROC asset. This will result in c.100% of net IPO
proceeds being invested.

Thus the first asset which will be formally acquired by the Company
utilising this debt facility will be the 37MW Kencot, Oxfordshire asset
which is currently under construction. Reflecting the Company's
preferred risk profile of acquiring operating assets Kencot is expected
to become operational later this summer and will qualify under the 1.4
ROC rate.

The Company continues to see a strong pipeline of assets becoming
available for acquisition and expects to double its operational capacity
in the coming 12 months which today's announcement will facilitate.

The Company continues to confirm its intent to deliver a target dividend
of 6p per ordinary share in respect of its first financial year, rising
annually with RPI thereafter, and enabling the Company to support its
strategy to sustain the NAV, offering the potential for further capital
growth.

ENDS

For further information

Sarah Cole scole@foresightgroup.eu 0203 667 8154

Notes to Editors

About Foresight Solar Fund Limited ("The Company" or "FSFL")

FSFL is a Jersey-registered closed-end investment company. The Company
invests in ground based UK 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 27 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#1786739

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