Gulf Regulatory News (GIF)

13 April 2015

Qatar Investment Fund plc ("QIF" or the "Company")

2015 Discontinuation Vote Proposals

Shareholders will be aware that QIF's second discontinuation vote will be put to shareholders at the annual general meeting in late 2015, being 3 years since the first discontinuation vote in November 2012, and that certain proposals will be put to QIF's shareholders.

Shareholders will also recall that as part of the 2012 discontinuation vote proposals, the board of directors of the Company (the "Board") put forward proposals for a 20% tender offer, and also a further 10% tender offer in each of the fourth quarters of 2013 and 2014, if the average discount to NAV at which the shares traded in the twelve month period prior to the relevant tender offer date was greater than 10%. As the average discount was greater than 10% in each of those years, 10% tender offers were effected in late 2013 and 2014.

As part of the 2015 discontinuation vote, the Board has resolved to put forward a proposal for a further tender offer facility at a 1 per cent. discount to Formula Asset Value (Formula Asset Value being net asset value less the costs of undertaking the tender offer) in the fourth quarter of 2015. This will be subject to the average discount to NAV at which the shares traded in the twelve month period prior to the relevant tender offer date being greater than 10%.

The Board proposal for the size of the tender offer is in the range of 10% to 15%, with the tender offer size a function of the average discount during the twelve-month period prior to the tender offer date, as set out in the table below. Under this Board proposal, the maximum size of the tender offer would therefore be capped at 15%.

In addition, and subject to the discontinuation vote not being passed by shareholders, the Board proposes a further tender offer facility under the same terms in the fourth quarter of 2016.

For further information: