BBGI Global Infrastructure Regulatory News (BBGI)

25 November 2013

THIS ANNOUNCEMENT IS FOR INFORMATION ONLY AND DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, ANY OFFER FOR SALE OR SUBSCRIPTION OF, OR SOLICITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR, ANY SHARES IN ANY JURISDICTION.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR INTO OR FROM CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.

Bilfinger Berger Global Infrastructure SICAV S.A.

Acquisition of Further Investments

Bilfinger Berger Global Infrastructure SICAV S.A. ("BBGI" or the "Company") is pleased to announce that, further to its disclosure on prospective Further Investments in its 19 November 2013 Prospectus, it has signed an agreement with Assura Group Limited (the "Assura Acquisition Agreement") in relation to the acquisition of certain equity and subordinated debt interests in two Existing Projects, being Liverpool & Sefton Clinics and North London Estates Partnerships (formerly known as Barnet & Haringey Clinics), as well as certain equity and subordinated debt interests in one of the Pipeline Assets, being Mersey Care Mental Health Hospital. The total consideration payable under the Assura Acquisition Agreement is £9.1 million.

· The Liverpool & Sefton Clinics LIFT project is a UK concession to develop, fund, build, operate and manage primary healthcare facilities in Liverpool and Sefton. Under the Assura Acquisition Agreement, BBGI will acquire 20.0% of the equity interest in the project and 26.1% of the subordinated debt. On completion of the acquisition, BBGI will control 46.6% of the equity and 52.8% of the subordinated debt.

· The North London Estates Partnership LIFT project is a UK concession to develop, fund, build, operate and manage primary healthcare facilities around Barnet, Enfield and Haringey. Under the Assura Acquisition Agreement, BBGI will acquire 20.0% of the equity interest in the project and 26.7% of the subordinated debt. On completion of the acquisition, BBGI will control 46.6% of the equity and 53.3% of the subordinated debt.

· The Mersey Care Mental Health project involves transforming the former Walton Hospital site in Liverpool into a new, 85 bed, mental health in-patient facility. Under the existing Sale and Purchase Agreement with Bilfinger Group, as announced on 15 November 2013, it is proposed that BBGI will acquire 24.5% of the equity in this project (in addition to the 13.6% of equity it already indirectly owns through its holding in Liverpool and Sefton Clinics) and 40.0% of the subordinated debt. Under the Assura Acquisition Agreement, BBGI will acquire a further 28.6% of the equity and 30.0% of the subordinated debt. On completion of both acquisitions, BBGI will control 66.7% of the equity and 70% of the subordinated debt. The asset is currently in construction although it is expected to become operational during 2014.

The Assura Acquisition Agreement is conditional on BBGI raising funding and relevant third party (including shareholder) consents from project counterparties. The acquisitions are expected to be completed in December 2013 or Q1 2014 once all such consents have been obtained.

All the assets are classified as availability-based under the investment policy of the Company and are supported by contracted, public sector-backed revenue streams, with inflation-protection characteristics.

Further information about BBGI is available on its website at www.bb-gi.com. 

For further information please contact:

BBGI Management Team +352 2634791

Frank Schramm

Duncan Ball

Maitland +44 (0)20 7379 5151

Liz Morley

Unless otherwise defined, the terms used in this Announcement shall have the same meaning as set out in the 19 November 2013 Prospectus.

Important Notice

This announcement is for information purposes only. This announcement is not a prospectus. This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in Bilfinger Berger Global Infrastructure SICAV S.A. (the "Company") or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness.

Any investment decision must be made exclusively on the basis of any prospectus published by the Company and any supplement thereto in connection with the admission of ordinary shares of the Company ("Ordinary Shares") to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities.

Jefferies International Limited and Oriel Securities Limited (together, the Joint Sponsors) each of which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, are acting exclusively for the Company and no-one else in connection with the Issue or the matters referred to in this announcement, will not regard any other person as their respective client in relation to the Issue and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in relation to the Issue or any transaction or arrangement referred to in this announcement.