GCP Infrastructure Investments Regulatory News (GCP)

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

This announcement is not a prospectus. This announcement does not constitute or form part of, and should not be construed as, any offer or invitation to sell, issue, purchase or subscribe for, or any solicitation of any offer to sell, issue, purchase or subscribe for, any shares in the Company or securities in any other entity 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 in relation thereto. This announcement does not constitute a recommendation regarding any securities.

GCP Infrastructure Investments Limited (the "Company")

Successful fundraising of £67.4 million

19 December 2011

The Company is pleased to announce that it has successfully raised gross proceeds of £67.4 million, with £63.7 million raised through the Placing and Offer for Subscription of C Shares with an issue price of £1.00 per C Share and £3.6 million raised through the arrangements for Switching*.

Application has been made for 63,744,500 C Shares and 3,661,012 Switching Ordinary Shares to be admitted to the Official List and to trading on the London Stock Exchange. It is expected that such admissions will become effective and that dealings in the C Shares and the Switching Ordinary Shares will commence on 22 December 2011.

Commenting on the fundraising, Ian Reeves CBE, Chairman, said:

"We are delighted to have exceeded the target size of the issue, by raising £67.4 million. The significant participation in the fundraise by both new and existing investors demonstrates the quality of the Company's investment proposition. The fundraise more than doubles the size of the Company and the additional capital raised will allow the Master Fund to take advantage of the significant investment opportunities to provide debt financing to UK infrastructure projects."

The International Security Identification Number for the C Shares is JE00B6SRCQ47 and the TDIM is GCPC. Oriel Securities Limited acted as financial adviser, sponsor and bookrunner.

* Based upon the NAVs of the Master Fund Income Shares, Master Fund Accumulation Shares and the Company's Ordinary Shares as at 16 December 2011 of 102.51 pence, 114.40 pence and 98.61 pence respectively.

END

Words and expressions that are defined in the prospectus published on 22 November 2011 by the Company shall have the same meanings where they are used in this announcement, except where the context requires otherwise.

This announcement is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States of America and the District of Columbia) (the "United States"), Australia, Canada or Japan. This announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, any securities in the United States, Australia, Canada or Japan. The securities of the Company have not been and will not be registered under the U.S. Securities Act of 1933 (the "Securities Act") and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The securities referred to herein have not been registered under the applicable securities laws of Australia, Canada or Japan and, subject to certain exceptions, may not be offered or sold within Australia, Canada or Japan or to any national, resident or citizen of Australia, Canada or Japan.