3i Infrastructure Regulatory News (3IN)

3i Infrastructure plc

3i Infrastructure plc announces investment in the A27/A1 motorway in the Netherlands

05 October 2016

3i Infrastructure plc ("3i Infrastructure" or "the Company") announces it has committed to invest €6.5 million in the A27/A1 primary Public Private Partnership ("PPP") project in the Netherlands. 3i Infrastructure is investing as part of a consortium, 3Angle B.V. (3Angle), which also comprises Heijmans Capital (a joint venture between Heijmans and 3i Infrastructure) and Fluor Infrastructure.

3Angle has reached financial close for the A27/A1 primary PPP project between Utrecht North, Eemnes junction and the Bunschoten-Spakenburg interchange. Financial close follows the provisional awarding of the project announced on 30 June 2016. The project's contract value amounts to approximately €220 million (including management and maintenance for a period of 25 years).

Achieving this milestone means that the required financing for the project has been secured. The financing consists of both loan capital and equity. The loan capital is provided by DZ Bank AG, ING Belgium SA/NV, KBC Bank NV, Nederlandse Waterschapsbank N.V. and Sumitomo Mitsui Banking Corporation. The equity is contributed equally by the three 3Angle shareholders. As 3i Infrastructure holds an 80% equity interest in Heijmans Capital, this gives 3i Infrastructure an effective 60% interest in the project.

3Angle is responsible for the financing, design, construction, management and maintenance of the reconstruction of the A27 motorway between Utrecht North and the Eemnes junction, as well as of the A1 motorway between the Eemnes junction and the Bunschoten-Spakenburg interchange.

Rijkswaterstaat, the Directorate-General for Public Works and Water Management in the Netherlands, is undertaking this project to improve traffic circulation and safety on the A27 and A1 motorways, while respecting the surrounding environment. The project includes the widening of the A27 from 2x2 to 2x3 lanes, as well as the widening of the A1 from 2x2 to 2x4 lanes. 3Angle will also widen the A27-A1 connecting curve within the Eemnes junction. Construction is due for completion by the end of 2018 when the 25-year maintenance period will commence.

Richard Laing, Chairman, 3i Infrastructure plc, commented: "This investment adds to our growing portfolio of primary PPP projects, alongside our economic infrastructure investments, and demonstrates our ability to originate attractive investment opportunities through our relationships with primary developers."

Ben Loomes and Phil White, Managing Partners and Co-heads, Infrastructure, 3i Investments plc, added: "We are pleased to announce the Company's investment in the A27/A1 primary PPP project in the Netherlands. This is our third investment in Dutch roads, following earlier investments in the A9 and A12 projects, under the government's procurement programme. These transactions have resulted from our Infrastructure team's partnerships with both Heijmans and Fluor, and we look forward to working with our local partners to identify further attractive investment opportunities."

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Notes to editors:

About 3i Infrastructure plc

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company is a long-term investor in infrastructure businesses and assets. The Company's market focus is on economic infrastructure and greenfield projects in developed economies, principally in Europe, investing in operating businesses and projects which generate long-term yield and capital growth.

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.

About Heijmans

Heijmans is a listed company that combines activities related to property development, residential building, non-residential building and infrastructure in the areas of living, working and connecting. Heijmans is active in the Netherlands, Belgium and Germany and as a technology partner, delivers know-how and concepts in various markets. Its constant focus on quality improvements, innovation and integrated solutions enables it to generate added value for its clients. Heijmans realises projects for private consumers, companies and public sector bodies. With over 6,500 employees and almost € 950 million in revenues in the first half of 2016, Heijmans is building the spatial contours of tomorrow. You will find additional information on www.heijmans.nl.

About Fluor

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served its clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 155 on the FORTUNE 500 list with revenue of $18.1 billion in 2015 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on Twitter @FluorCorp.