BBGI Global Infrastructure Regulatory News (BBGI)

Form to be used for the purposes of notifying the acquisition or disposal of major holdings pursuant to the law and grand-ducal regulation of 11 January 2008 on transparency requirements for issuers of securities (referred to as "the Transparency Law" and "the Transparency Regulation")

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedi: BBGI SICAV SA

2. Reason for the notification (please tick the appropriate box or boxes): [x] an acquisition or disposal of voting rights

[ ] an acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

[ ] an event changing the breakdown of voting rights

3. Full name of person(s) subject to the notification obligationiii:

HSBC Holdings plc

4. Full name of shareholder(s) (if different from 3.)iv:

HSBC Global Asset Management (UK) Limited

HSBC Investment Management

HSBC Trust Company (UK) Limited

5. Date of the transaction and date on which the threshold is crossed or reachedv:

11th January 2017

6. Threshold(s) that is/are crossed or reached:

Below 5%

7. Notified details:

8. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicablexii:

9. In case of proxy voting: [name of the proxy holder] will cease to hold

[number] voting rights as of [date].

10. Additional information: Done at Luxembourg

On 17th Jan 2017