ILOS Successfully Integrates an MUFG Short Term Construction Financing With An Up to 30 Year-IG Rated Bond Funded By MEAG

ILOS is proud to announce the successful completion of a EUR 108 million bond take out
financing with MEAG for a portfolio of three solar PV projects totalling c. 220 MWp in the
Republic of Ireland. The take-out financing also benefited from being rated investment grade
(IG) by Fitch. The projects are expected to reach COD in early 2026.

The notes are documented to refinance a construction bridge financing provided by MUFG.
With its 30-year tenor, this institutional take-out financing represents a landmark transaction
in the Irish renewable energy market, setting a new benchmark for long-term renewable
infrastructure financing in the region.

The transaction follows the recent financing of an additional 217MWp solar PV portfolio in
Ireland. With these two transactions combined, ILOS establishes itself as one of the leading
players in the Irish market. As a vertically integrated company dedicated to developing,
constructing, and operating utility-scale solar and storage projects, ILOS can cover the whole
life cycle of these projects.

These milestones bolster our presence in the Irish market and set the stage for further
expansion.

This transaction stands as an important milestone in our partnership with Akereos Capital who
acted as exclusive debt advisor to ILOS, TLT LLP, MUFG and MEAG, whose collaboration
contributed significantly to its success.