Gresham House Solar Distribution LLPShare Sale Summary

Gresham House Solar Distribution LLP

DO NOT INVEST UNLESS YOU ARE PREPARED TO LOSE ALL THE MONEY YOU INVEST. THIS IS CLASSIFIED AS A HIGH-RISK INVESTMENT AND YOU ARE UNLIKELY TO BE PROTECTED IF SOMETHING GOES WRONG. ‘TAKE 2 MINUTES TO LEARN MORE’.

IF YOU ARE IN ANY DOUBT ABOUT THE ACTION YOU SHOULD TAKE OR THE CONTENTS OF THIS DOCUMENT, YOU SHOULD CONTACT YOUR STOCKBROKER, SOLICITOR, ACCOUNTANT, BANK MANAGER OR OTHER PROFESSIONAL ADVISER AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000, WHO SPECIALISES IN ADVISING ON INVESTMENTS OF THE KIND DESCRIBED IN THIS DOCUMENT.

ADDITIONAL INFORMATION RELATING TO THE FINANCIAL CONDUCT AUTHORITY’S SUSTAINABILITY DISCLOSURE REQUIREMENTS ACCOMPANY THIS DOCUMENT AND INCLUDE (A) PRE-CONTRACTUAL DISCLOSURES AND (B) CONSUMER FACING DISCLOSURES (THE “SDR DISCLOSURES”). THE SDR DISCLOSURES SHOULD BE REVIEWED IN DETAIL PRIOR TO ANY DECISION TO PURCHASE PARTNERSHIP SHARES VIA THE SECONDARY SALE.

PARTNERSHIP SHARES FOR SALE

3 SEPTEMBER 2026

SUMMARY

Partnership Shares are being offered on an execution only basis subject to Gresham House Asset Management Limited’s (GHAM) Procedure and Terms of Business (including fees), as set out in Appendix I.

Before considering the investment to which this document relates, prospective investors should in all cases read the sections entitled “Important Notice to Investors”, “Risk Factors”, “Taxation Summary” and “Terms of Business” set out in Appendix II, III and IV.

We have been instructed to find purchasers for Partnership Shares as follows:

Total Number of Partnership Shares for sale: 374

Adjusted Net Asset Value as at 5 April 2026: £939.80 per share¹

¹ Adjusted Net Asset Value as at 5 April 2026 reflects distributions paid in April 2026 of £31 per partnership share. Past performance should not be interpreted as an indication of future performance.

The Fund’s business is the ownership and long-term operation of ground mounted solar parks, in order to deliver income from the generation and sale of renewable electricity.

The Fund is valued on an annual basis as at 5 April. The NAV per share as at 5 April 2026 was published in the audited Annual Report and Financial Statements, circulated to Limited Partners on 26 June 2026, which included an internal valuation of the renewables portfolio in accordance with best industry practice, undertaken by a competent valuer.

Fund Benefits

The Fund holds interests in eleven operational, geographically diverse solar parks across England and Wales, with a combined installed capacity of approximately 107MW. The most recent additions, Harborough (28MW) and Burgate (21MW) were commissioned in late 2024, further strengthening the portfolio’s generating capacity and long term income potential.

The Fund is designed to provide investors with a highly tax efficient trading structure with:

A significant element of the gross revenues derived from a legislated source, index-linked
Long-term stable cash flow, with semi-annual distributions of all surplus cash
Maintain a tax efficient structure which provides relief from IHT after two years of ownership²
Capital allowances available to offset against taxable profits
A defined exit strategy, with a First termination Date of 5 April 2030

²100% inheritance tax (IHT) relief, once Partnership Shares have been held for two years on the first £2.5mn of their holding (per person, with the allowance transferable between spouses/civil partners, making a combined allowance per couple of £5mn), 50% relief thereafter. The £2.5mn limit per person for 100% IHT relief, will apply across all assets held by the investor that qualify for business property or agricultural relief. Based upon current UK taxation legislation. Taxation policy could be subject to change. Tax obligations depend on the individual’s circumstances. Gresham House does not provide taxation advice. See Appendix II – Risk Factors.

GRESHAM HOUSE DOES NOT PROVIDE TAXATION ADVICE. Prospective investors are advised to consult their own professional advisors in relation to the financial, legal, tax, National Insurance Contribution liabilities and other implications of investment in UK solar which will vary in relation to their own particular circumstances.

Before considering the investment to which this document relates, prospective investors should in all cases read the following:

Previous Partnership Share Sales

Over the past 12 months a total of 187 Partnership Shares in Gresham House Solar Distribution LLP have sold at an average price of £905.11³ per partnership share.

³Past performance should not be interpreted as an indication of future performance.

CLOSING DATE FOR OFFERS: MIDDAY 17 SEPTEMBER 2026

OFFERS SHOULD BE MADE NET OF FEES (PLEASE REFER TO APPENDIX I FOR DETAILS).

OFFERS CAN NOW BE SUBMITTED ONLINE USING THE LINK BELOW:

ONLINE BID SUBMISSION

Alternatively, offers can be made in writing or by email to sharetransactions@greshamhouse.com. All offers will be acknowledged upon receipt and forwarded to the Vendor/s on the Closing Date, and not before. Please contact Gresham House before the Closing Date if your offer has not been acknowledged.

Existing Members may bid for any number of shares to add to their holding, there is no minimum.

For new Members there is a minimum holding of 50 Partnership Shares.

Please note that all Members must have a Unique Tax Reference number (UTR) and a Companies House Identity Verification reference number (IDV)⁴.

⁴ This is a new requirement from October 2025. Details on how to obtain this can be found here: https://www.gov.uk/guidance/verify-your-identity-for-companies-house

Members must register their interest in the LLP with HMRC using form SA401.

Payment instructions, including an Application Form, will be sent to the successful Purchaser(s) outlining the application process. All Application Forms together with the requisite funds must be received no later than 1 October 2026.