HICL Infrastructure Regulatory News (HICL)

13 June 2016

HICL Infrastructure Company Limited

Acquisition of an incremental investment

HICL Infrastructure Company Limited, the listed infrastructure investment company advised by InfraRed Capital Partners Limited, is pleased to announce the acquisition of an incremental investment in the Hinchingbrooke Hospital PFI Project ("Project").

The HICL Group and Kajima Partnerships Limited have an existing joint venture holding company ("HoldCo"), in which the HICL Group has a 75% shareholding. Previously, Holdco owned a 50% interest in the Project. Following this transaction, HoldCo now owns 100% of the Project, thereby increasing the HICL Group's indirect ownership from 37.5% to 75%.

The total consideration paid by the HICL Group for its 75% interest was £5.3m, in line with the current valuation of similar UK social infrastructure projects within its portfolio. Funding for the transaction was from cash resources.

The Project is a 31-year concession which involves the design, construction, financing, maintenance and operation of a two storey 8,500m2 diagnostic and treatment centre situated adjacent to the existing Hinchingbrooke District General Hospital. The Project reached Financial Close in March 2004 and has been fully operational since October 2005.

The provision of soft and hard facilities management services for the Project is undertaken by Kier Facilities Services Limited under a concession life contract.

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Enquiries

InfraRed Capital Partners Limited +44 (0) 20 7484 1800

Tony RoperKeith PickardLaurence RichardsonHarry Seekings

Tulchan Communications +44 (0) 20 7353 4200

David Lloyd-SeedLatika Shah

Canaccord Genuity Limited +44 (0) 20 7523 8000

Dominic WatersNeil BrierleyWill BarnettDavid Yovichic

HICL Infrastructure Company Limited

HICL Infrastructure Company Limited ("HICL" or the "Company", and together with its subsidiaries the "HICL Group") 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. With a current portfolio of 106 social and transportation infrastructure investments (and one conditional investment) with predominantly availability-based income streams, it is seeking further suitable investment opportunities which fit its stated Investment Strategy.

Further details can be found on the HICL website, www.hicl.com.

Investment Adviser

The Investment Adviser to HICL is InfraRed Capital Partners Limited ("InfraRed") which has successfully invested in over 160 infrastructure projects since 1997. InfraRed is a leading international investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, Hong Kong, New York, Paris, Seoul and Sydney. With over 120 professionals it manages in excess of USD 9bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe. InfraRed is authorised and regulated by the Financial Conduct Authority.

The infrastructure investment team at InfraRed consists of 60 investment professionals, all with an infrastructure investment background and a broad range of relevant skills, including private equity, structured finance, construction, renewable energy and facilities management.

Further details can be found on InfraRed's website, www.ircp.com.