BBGI Global Infrastructure Regulatory News (BBGI)

4 September 2023

BBGI Global Infrastructure S.A.

(the "Company" or "BBGI")

SUBSTANTIAL COMPLETION ACHIEVED ON HIGHWAY 104 IN NOVA SCOTIA, CANADA

INVESTMENT PORTFOLIO IS NOW 100 PER CENT OPERATIONAL

BBGI Global Infrastructure S.A. (LSE ticker: BBGI), the global infrastructure investment company, is pleased to announce that its equity investment in Highway 104 in Nova Scotia, Canada has achieved substantial completion.

Following this, BBGI's investment portfolio is now 100 per cent operational, underlining the strength of our portfolio and the quality of the operational management delivered by our teams.

On 5 March 2020, BBGI announced that it, together with its consortium partners, was named as the preferred bidder for the availability-style motorway project in Canada. This new section of motorway twins Highway 104 between Sutherlands River and Antigonish in Nova Scotia. The concession will run until 2043 and availability payments will be received from the Government of Nova Scotia, which is rated Aa2 by Moody's and AA- by Standard & Poor's. BBGI's equity interest in the project remains 50%.

Duncan Ball and Frank Schramm, Co-CEOs of BBGI, said:

"We are proud to be involved in the development of this important infrastructure project and crucial travel corridor, which has now achieved completion. This project significantly improves the efficiency and safety of travel and the flow of goods and services, and communities are better connected within Nova Scotia, whilst creating jobs for local workers. Following completion, our investment portfolio is now 100 per cent operational."

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NOTES

BBGI Global Infrastructure S.A. (BBGI) is a responsible infrastructure investment company and a constituent of the FTSE 250. We invest in and actively manage for the long-term a globally diversified, low-risk portfolio of essential social infrastructure investments. Our purpose is to deliver healthier, safer and more connected societies, while creating sustainable value for all our stakeholders.

BBGI is committed to delivering stable and predictable cash flows with progressive long-term dividend growth and attractive, sustainable, returns for shareholders. Through our proactive and disciplined approach to active asset management and prudent financial management, and with a strong focus on ESG, we preserve and enhance the value of our investments, and deliver well maintained social infrastructure that serve and support local communities and end users.

All of BBGI's investments are availability-style and supported by secure public sector-backed contracted revenues, with high quality inflation-linkage. Availability-style means that our revenues are paid so long as the assets are available for use, and we maintain a consistently high level of asset availability of 99.9%.

BBGI's investment portfolio is 100% operational with all its investments located across highly rated investment grade countries with stable, well developed operating environments.

BBGI's in-house management team is incentivised by shareholder returns and consistently maintains low comparative ongoing charges to shareholders.

BBGI is targeting dividends of 7.93 pence and 8.40 pence per ordinary share for the twelve months ending 31 December 2023 and 31 December 2024, respectively, representing a 6% increase year on year, and a dividend target of 8.57pps for 2025: all are expected to be fully cash-covered**.

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

The Company's LEI: 529900CV0RWCOP5YHK95

Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).

* Neither the Company's website nor the content of any website accessible from hyperlinks on its website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

** These are guidance levels or targets only and not a profit forecast and there can be no assurance that they will be met.