HICL Infrastructure Regulatory News (HICL)

9 October 2014

HICL Infrastructure Company Limited

Acquisition of an incremental investment

HICL Infrastructure Company Limited ("HICL" or the "Company", and together with its subsidiaries the "Group"), the listed infrastructure investment company, is pleased to announce the acquisition of a further 3.4% interest in the Victorian Desalination PPP Project. The additional interest is a beneficial interest, held via an Australian company, and was acquired from a number of private investors. It takes the Group's overall interest in the Project to approximately 9.3%. The consideration paid by the Group for the additional interest was A$46.0m (£25.2m) which was funded from the Group's existing cash and debt resources. The consideration is in line with the valuation of other similar assets in the Group's portfolio.

The Project was procured under the State of Victoria's Partnerships Victoria Policy and is the largest desalination plant in the southern hemisphere capable of producing 444ML of drinking water per day (150GL/year). The Project reached financial close in September 2009 and became fully operational in December 2012.

Construction of the Project was undertaken by a construction joint venture of Theiss Pty Ltd and Degrémont Pty Ltd. It is being operated and maintained by an operations joint venture of Degrémont Pty Ltd and Theiss Services Pty Ltd.

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Enquiries

InfraRed Capital Partners Limited +44 (0) 20 7484 1800Tony RoperKeith PickardRobin Hubbard

Tulchan Communications +44 (0) 20 7353 4200Martha WalshVictoria Huxster

Canaccord Genuity +44 (0) 20 7523 8000Dominic WatersNeil BrierleyWill BarnettDavid Yovichic

HICL Infrastructure Company Limited

The Company is a long term investor in infrastructure projects which are predominantly in their operating phase and yielding steady returns. It was the first infrastructure investment company to be listed on the London Stock Exchange. It currently owns a portfolio of 96 social and transportation infrastructure investments and is seeking further suitable investment opportunities which fit its stated Investment Strategy.

Further details of the Company can be found on its website www.hicl.com.

Investment Adviser

The Investment Adviser to the Company is InfraRed Capital Partners Limited ("InfraRed"), whose infrastructure investment team has successfully invested in over 160 infrastructure projects since 1997. InfraRed manages specialised funds and co-investment capital on behalf of a broad range of investors from around the world, creating value through investing in infrastructure and real estate projects. The head office is in London, with offices in Hong Kong, New York, Paris and Sydney. InfraRed is authorised and regulated in the UK by the Financial Conduct Authority.

Further details of the Investment Adviser can be found on its website www.ircp.com.