HICL Infrastructure Regulatory News (HICL)

1 May 2013

HICL Infrastructure Company Limited

Acquisition

HICL Infrastructure Company Limited ("HICL" or the "Company", and together with its subsidiaries the "Group"), the listed infrastructure investment company, is pleased to announce that the Group has completed the acquisition of a 50% equity and loan note interest in the Tameside General Hospital PFI Project (the "Project") from Balfour Beatty Infrastructure Investments Limited, a subsidiary of Balfour Beatty plc ("Balfour Beatty"), for £16.0m.

The Project is a £78m PFI scheme procured by the Tameside Hospital NHS Foundation Trust to design, construct and commission new-build facilities and associated site infrastructure. The Project reached financial close in September 2007 and is for a term of c. 34 years. Construction of the new facilities was completed on time and on budget by Balfour Beatty.

The works entailed the construction of a new energy center; a new elderly mental and infirm unit; a new Diagnostics and Treatment Centre (DTC); an elevated link bridge between the new DTC and an existing hospital building; a new surface car park; and service infrastructure works. Balfour Beatty WorkPlace is providing hard facilities management services to the Project.

The consideration paid by the Group is in line with the current valuations of similar UK PFI projects in the Group's portfolio and brings the total number of infrastructure investments in the portfolio to 82. The acquisition was funded from the Group's existing cash resources.

Tony Roper, Director of InfraRed Capital Partners Limited, HICL's Investment Adviser, said:

"We are pleased to have completed this acquisition which was identified as part of the Group's pipeline of new investment opportunities at the time of the Company's recent successful equity capital raising.

InfraRed Capital Partners has worked with Balfour Beatty on a number of infrastructure projects in the UK. We look forward to working alongside our co-shareholder and supply chain to provide quality serviced facilities to the Trust."

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Enquiries

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

Tony Roper

Keith Pickard

Erwan Fournis

Robin Hubbard

Tulchan Communications +44 (0) 20 7353 4200

Ed Orlebar

Rebecca Scott

Canaccord Genuity +44 (0) 20 7523 8000

Dominic Waters

Neil Brierley

Will Barnett

Robbie Robertson

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 82 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, whose infrastructure investment team has successfully invested in infrastructure projects since 1997.

InfraRed Capital Partners Limited is authorised and regulated by the Financial Conduct Authority.