3i Infrastructure Regulatory News (3IN)

3i Infrastructure plc (the "Company")

Directorate changes

Paul Masterton and Ian Lobley

The Company announces that Paul Masterton and Ian Lobley have retired from the Board with effect from 20 July 2023. Stephanie Hazell will succeed Paul Masterton as the Senior Independent Director ('SID').

Jenny Dunstan

The Company announces that pursuant to the relationship agreement dated 15 October 2018 between 3i Group plc ('3i') and the Company, 3i has nominated Jennifer Dunstan as a non-executive Director of the Company to replace Ian Lobley. The Board has approved the appointment of Jennifer Dunstan as a non-executive Director with effect from 20 July 2023.

Jennifer joined 3i in 2005 as an investor (then Partner) in the UK Buyouts team and Head of Consumer in the UK. In 2009 she moved to head up the Fund Investor Relations team. Prior to joining 3i, Jennifer spent nine years at Terra Firma Capital Partners and Nomura's Principal Finance Group (PFG), where she was Managing Director. Jennifer started her career as a solicitor for Allen, Allen & Hemsley in Sydney and London. She is co-founder, non-executive Director and past Chair of Level 20, an initiative to support women in private equity, and also a current Trustee of The Fred Hollows Foundation (UK). 

Martin Magee

Additionally, the Company announces the appointment of Martin Magee as a non-executive Director with effect from 20 July 2023.

Martin has served as the Finance Director and Executive Director of Jersey Electricity plc since 2002. Before Jersey Electricity, Martin spent nine years at Scottish Power plc in a variety of senior finance roles. He previously worked with Stakis plc (now part of the Hilton Hotels Group) for nine years. Martin is a non-executive Director and Audit Chair of Jersey Post International Ltd and until May 2021 was non-executive Chair of Aberdeen Standard Capital Offshore Strategy Fund Limited. He is a current member of the Institute of Chartered Accountants of Scotland having qualified in 1984. Martin is Jersey resident. 

Richard Laing, Chair of 3i Infrastructure plc, said:

"We are extremely grateful to Paul and Ian for their significant and invaluable contributions as Directors, and in Paul's case as SID, and wish them well for the future. We are delighted that Jennifer and Martin have agreed to join the Board. They bring with them a broad range of expertise and experience across a range of sectors."

The Company confirms that the Jersey Financial Services Commission have issued confirmations of no objection in relation to both Jennifer Dunstan and Martin Magee's appointments.

There are no further matters to be disclosed in relation to Jennifer Dunstan or Martin Magee in accordance with paragraph 9.6.13R of the UKLA's Listing Rules.