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<h1><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></h1>

<h1><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></h1>

<h1><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></h1>

<h1>Investor Invite</h1>

<p class=MsoNormal><b><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial;font-weight:bold'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></b></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>Dear potential investor,<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>We anticipate launching our next Share Offer in early
autumn.<span style="mso-spacerun: yes">&nbsp; </span>This offer will allow us
to raise initial capital and will pave the way for a full public share offer
later in the year.<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>As with our previous offer, this will be targeted at a
select group of existing members of Sheffield Renewables and those who have
expressed an interest in investing with us, either by making a pledge on our
website or indicating an interest on one of our Volunteer, Support, Invest
forms at a public event.<span style="mso-spacerun: yes">&nbsp; </span><o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>For those of you who would like more information, or the
chance to talk to us in person before the launch, we are organising an event on
Saturday, May 7<sup>th</sup>.<span style="mso-spacerun: yes">&nbsp; </span>This
will be a tour (by minibus) of our two hydro power sites (Jordan Dam and Kelham
Island) and a sandwich lunch followed by or preceded by a brief presentation
and question &amp; answer session, when we will be introducing our draft Offer
Document.<span style="mso-spacerun: yes">&nbsp; </span>You will therefore have
the opportunity to contribute to shaping our offer.<span style="mso-spacerun:
yes">&nbsp; </span><o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>There will be 2 groups: <o:p></o:p></span></font></p>

<p class=MsoNormal><b><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial;font-weight:bold'>Group A </span></font></b><font face=Arial><span
style='font-family:Arial'>10.30 am to 2.30 pm (starts with tour); <o:p></o:p></span></font></p>

<p class=MsoNormal><b><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial;font-weight:bold'>Group B</span></font></b><font face=Arial><span
style='font-family:Arial'> 11.30 am to 3.30 pm (starts with presentation).<span
style="mso-spacerun: yes">&nbsp; </span><o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>Both groups will have a sandwich lunch at the Riverside
Café/Bar at 12.30 pm. <o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>We will be meeting either at the Riverside Cafe/Bar in
Mowbray St, S3 8EN or at Kelham Island<span style="mso-spacerun: yes">&nbsp;
</span>The room for the presentation at the Riverside Cafe is up a flight of
stairs.<span style="mso-spacerun: yes">&nbsp; </span>Please let us know if this
will be a problem for you and we will make alternative arrangements.<span
style="mso-spacerun: yes">&nbsp; </span>Full details will be sent when you book
a place.<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></p>

<p class=MsoNormal><b><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial;font-weight:bold'>PLEASE NOTE:</span></font></b><font
face=Arial><span style='font-family:Arial'> at Jordan Dam the tour will
necessitate a short walk on a slightly uneven footpath.<span
style="mso-spacerun: yes">&nbsp; </span>Please wear appropriate footwear.<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>To book a place for either group A or group B, please send
an email by Tuesday, May 3<sup>rd</sup><span style="mso-spacerun: yes">&nbsp;
</span>to: </span></font><a href="mailto:jean@sheffieldrenewables.org.uk"><font
face=Arial><span style='font-family:Arial;mso-bidi-font-family:"Times New Roman"'>jean@sheffieldrenewables.org.uk</span></font></a><font
face=Arial><span style='font-family:Arial'> or write to Jean Tinsley, Sheffield
Renewables, South Yorkshire Energy Centre, 25 Alexandra Road, Sheffield, S2
3EE.<span style="mso-spacerun: yes">&nbsp; </span>Please state your preference
for group A or B, or &#8216;no preference&#8217; if you do not mind.<span
style="mso-spacerun: yes">&nbsp; </span>You will be sent confirmation of your
place on the tour.<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>I look forward to hearing from you.<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>Regards,<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>Jean Tinsley<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>Director<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></p>

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