INTERIM REPORT AND UNAUDITED INTERIM

CONDENSED FINANCIAL STATEMENTS

For the six months ended 30 June 2022 Riverstone Credit

Opportunities Income Plc

WE LEND TO COMPANIES THAT BUILD AND OPERATE THE INFRASTRUCTURE USED TO GENERATE, TRANSPORT, STORE AND DISTRIBUTE BOTH RENEWABLE AND CONVENTIONAL SOURCES OF ENERGY, AND COMPANIES THAT PROVIDE SERVICES TO THAT INFRASTRUCTURE.

We also lend to companies seeking to facilitate the energy transition

by decarbonising the energy, industrial and agricultural sectors, building sustainable infrastructure and reducing or sequestering carbon emissions.

We seek to ensure that our investments are having a positive impact on climate change by structuring each deal as either a Green Loan or

a Sustainability-Linked Loan, documented using industry best practices.

2022

Company number: 11874946

CONTENTS

Introduction

1

Key Financials and Highlights

2

Chairman's Statement

4

Investment Manager's Report

6

Business Review

10

Directors' Responsibilities Statement

12

Independent Review Report to Riverstone Credit Opportunities Income Plc

13

Interim Condensed Financial Statements (Unaudited)

14

Notes to the Unaudited Interim Condensed Financial Statements

18

Glossary of Capitalised Defined Terms

28

Directors and General Information

29

Cautionary Statement

ibc

Riverstone Credit Opportunities Income Plc  INTERIM REPORT 2022

1

RIVERSTONE CREDIT

OPPORTUNITIES INCOME PLC

Riverstone Credit Opportunities Income Plc is an externally managed closed-ended investment company listed on the London Stock Exchange.

The Company's Ordinary Shares were admitted to the Specialist Fund Segment of the London Stock Exchange plc's Main Market and incorporated and registered on 11 March 2019 in England and Wales with an unlimited life.

Investment manager

The Company's Investment Manager is Riverstone Investment Group LLC, which is controlled by affiliates of Riverstone Holdings LLC ("Riverstone").

Riverstone was founded in 2000 and is currently one of the world's largest and most experienced investment firms focused on energy, power, infrastructure and decarbonisation. The firm has raised over $43 billion of capital and committed approximately $44 billion to over 200+ investments in North America, South America, Europe, Africa , Asia and Australia. Headquartered in New York, Riverstone has built a global platform with additional offices located in Menlo Park, Houston, London, Amsterdam and Mexico City. Since its founding, the Firm has grown its presence significantly and currently employs over 90 professionals worldwide.

The registered office of the Company is 27-28 Eastcastle Street, London, W1W 8DH.

All capitalised terms are defined in the list of defined terms on page 28 unless separately defined.

2 INTERIM REPORT 2022  Riverstone Credit Opportunities Income Plc

INVESTMENT OBJECTIVE

The Company seeks to generate consistent Shareholder returns predominantly in the form of income distributions, principally by making senior secured loans to energy-related companies.

The Company lends to companies working to drive change and deliver solutions across the energy sector, spanning renewable as well as conventional sources, with a primary focus on infrastructure assets. The Company's aim is to build a portfolio that generates an attractive and consistent risk adjusted return for investors.

Key financials

NAV

as at 30 June 2022

$93.74m

Market capitalisation

as at 30 June 2022

$76.90m

Total comprehensive income

for period ended 30 June 2022

$3.83m

NAV per Share

Share price

EPS

as at 30 June 2022

at 30 June 2022

for the period ended 30 June 2022

$1.02

$0.84

4.18 cents

Distribution per share

4.0 cents

with respect to the period ended 30 June 2022

Riverstone Credit Opportunities Income Plc  INTERIM REPORT 2022

3

Highlights

Investment policy

NAV per Share

as at 30 June 2022

$1.02

Distributions

of 4.0 cents per share approved with respect to the period ended 30 June 2022

4.0 cents

Investments

3 full realisations, 1 new investment and

2 upsized investments executed in the period ended 30 June 2022

3

The Company seeks to achieve its investment objective through investing primarily in a diversified portfolio of direct loans to companies that build and operate the infrastructure used to generate, transport, store and distribute both renewable and conventional sources of energy, and companies that provide services to that infrastructure. We also lend to companies seeking to facilitate the energy transition by decarbonising the energy, industrial and agricultural sectors, building sustainable infrastructure and reducing or sequestering carbon emissions. We seek to ensure that our investments are having a positive impact on climate change by structuring each deal as either a Green Loan or a Sustainability-Linked Loan, documented using industry best practices.

Further details on the Company's investment strategy, investment restrictions and distribution policy are outlined in the Company's Annual Report for the year ended 31 December 2021.

All capitalised terms are defined in the list of defined terms on page 28 unless separately defined.

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Disclaimer

Riverstone Credit Opportunities Income plc published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 17:06:06 UTC.