HICL Infrastructure Regulatory News (HICL)

14 January 2013

HICL Infrastructure Company Limited

Completion of two investment acquisitions

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 (the "Interest") in the Northwood MoD HQ PFI Project (the "Project") from Carillion Private Finance (Defence) Limited ("Carillion") for £30.6m.

The Project is a £198m scheme to design, construct and commission new-build facilities and associated site infrastructure and retained estate reconfiguration on behalf of the Ministry of Defence in Northwood, Greater London. The Project reached financial close in July 2006 and is for a term of 25 years from that date.

Northwood is the MoD's strategic military command centre, covering the UK's three armed forces. It is also a NATO establishment. The contract provides fully serviced office accommodation along with improved single living accommodation for personnel stationed on the site. Construction of the facilities and re-configurement of the refurbished estate was completed in July 2011 after a 5 year construction programme. Carillion Services Limited provides both the hard and soft facilities management services to the estate.

This acquisition was announced in the Interim Report and Accounts in November 2012, with details of the transaction not disclosed due to confidentiality restrictions pending completion. The Company's net funding requirement is not changed by the completion of this acquisition as the costs of the transaction have already been committed and accounted for.

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 within the Group's portfolio to 79. The acquisition was funded from the Group's existing cash and debt resources.

The Group has also recently completed the acquisition of additional equity and loan note interests in Fife Schools from a subsidiary of Sodexo SA ("Sodexo"). This takes the Group's total interests in this project to 50.0% and completes the acquisitions announced on 28 August 2012.

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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

Ed Orlebar

Rebecca Scott

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 79 social 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 Services Authority.