3i Infrastructure Regulatory News (3IN)

17 February 2014

LR 9.6.11R & LR 9.6.13R

3i Infrastructure plc (the "Company")

On 12 February 2014 the Company announced that Ben Loomes had been appointed as Co-Managing Partner of the Infrastructure business of the Company's Investment Adviser, 3i Investments plc ("3i"). 

On 17 February 2014, Mr Loomes indicated that he wished to resign from the Board of 3i Infrastructure plc. In accordance with the conditions attached to the Company's Collective Investment Fund Permit, the Jersey Financial Services Commission is required to approve the resignation proposal, prior to the resignation taking effect. Accordingly, such resignation will take effect on receipt of such approval from the Jersey Financial Services Commission.

The Company also announces that pursuant to the relationship agreement dated 20 February 2007 between 3i Group plc and the Company, 3i Group plc has nominated Ian Lobley as a non-executive Director of the Company to replace Ben Loomes. The appointment of Mr Lobley is subject to the receipt of necessary regulatory and legal approvals and the Company will therefore make a further announcement as to the effective date of Mr Lobley's appointment.

Ian Lobley joined 3i in 1987 and has been a Partner since 1994. In his current role, Ian has responsibility for investments in companies across a variety of sectors and is an experienced board member across multiple geographies. Ian is a member of the 3i Group Investment Committee and of the BVCA UK and European Capital Committee.

Peter Sedgwick, Chairman of 3i Infrastructure plc, said:

"We are delighted that Ian has agreed to join the board of 3i Infrastructure plc. He will bring a combination of transaction, portfolio management and board experience and will be a welcome addition to the Company as we continue to develop the business. We would like to thank Ben Loomes for his valuable contribution as a Board member and look forward to working with him in his new role."

There are no other matters to disclose in accordance with paragraph 9.6.13R of the FCA's Listing Rules. 

For information please contact:

Peter Sedgwick

Chairman, 3i Infrastructure plc

+44 1534 711 444

Silvia Santoro

Investor and media enquiries

+44 20 7975 3258

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company that invests in infrastructure businesses and assets and is regulated by the Jersey Financial Services Commission. The Company is building a diversified portfolio of infrastructure investments, with a focus on Europe. As of 30 September 2013, 3i Infrastructure had a portfolio of 15 investments valued at £964 million, and net assets of £1,078 million. The Company listed on the London Stock Exchange in March 2007, raising £703 million in an initial public offering and a further £115 million in a subsequent placing and open offer in July 2008, and is a constituent of the FTSE 250 index.

3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and acts as Investment Adviser to 3i Infrastructure plc.