HICL Infrastructure Regulatory News (HICL)

2 October 2014

HICL Infrastructure Company Limited

Acquisition of 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 50% incremental interest in the Pinderfields and Pontefract Hospitals PPP Project ("P&P") from Balfour Beatty Infrastructure Investments Limited, a subsidiary of Balfour Beatty plc ("Balfour Beatty"). The incremental stake takes the Group's ownership in P&P to 100%.

The total consideration paid by the Group for the interest was £61.5m, and was funded from the Group's existing cash and debt resources.

P&P involves the financing, design and construction and operation of two hospital facilities for the Mid Yorkshire Hospitals NHS Trust, delivering a combined total of 774 beds. Construction of the new hospital facilities on the two sites was completed in 2011, with construction works undertaken by subsidiaries of Balfour Beatty plc. Services are being delivered by Cofely Workplace Limited.

Erwan Fournis, Director, Infrastructure at InfraRed Capital Partners Limited, the Company's Investment Adviser, said:

"We are pleased to have completed this incremental acquisition which meets the Group's strategy of increasing its stakes to majority ownership when the opportunity arises. It demonstrates how the Group can leverage the existing portfolio to increase ownership. We look forward to working alongside the supply chain to provide high quality facilities to the Trust."

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Enquiries

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

Tony Roper

Keith Pickard

Robin Hubbard

Tulchan Communications +44 (0) 20 7353 4200

Martha Walsh

Victoria Huxster

Canaccord Genuity +44 (0) 20 7523 8000

Dominic Waters

Neil Brierley

Will Barnett

David 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.