HICL Infrastructure Regulatory News (HICL)

20 June 2022

HICL Infrastructure PLC

"HICL" or the "Company" and, together with its subsidiaries, the "Group", the London-listed infrastructure investment company managed by InfraRed Capital Partners Limited ("InfraRed" or the "Investment Manager").

Appointment of New Directors

The HICL Board is pleased to announce the appointment of Liz Barber and Martin Pugh as non-executive directors, with effect from 1 September 2022. These appointments have been made following a comprehensive search carried out by a third-party recruitment consultant.

Ms Barber was previously at Kelda Group (Yorkshire Water) where she served as Chief Executive Officer from 2019, having previously served as Chief Financial Officer from 2010. Prior to that Liz held a number of senior partner roles with Ernst & Young. She is a chartered accountant and graduated with a BSc in Geography from the University of Leeds, where she now serves Deputy Chair, and is the chair of the Yorkshire and Humber Climate Commission. Liz is a non-executive director of Cranswick plc and was formerly a non-executive director of KCOM Plc, a UK fibre broadband provider.

Mr Pugh has over 35 years in the infrastructure industry, spanning roles in construction, development, investment, asset management and strategic projects. Most recently he has provided executive management support to several major infrastructure projects and prior to this he held senior executive positions within Bilfinger Project Investments, overseeing the investment performance of assets in multiple sectors and across the UK and Europe. Martin graduated in Civil & Structural Engineering and is a Chartered Engineer. Martin has no other listed directorships.

Ian Russell, Chairman of HICL, said: "I am delighted to welcome both Liz and Martin to the HICL Board. They bring an additional wealth of relevant and specialist infrastructure industry experience to the boardroom."

There is no further information to be disclosed under Listing Rule 9.6.13R.

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Enquiries

InfraRed Capital Partners Limited +44 (0) 20 7484 1800 / info@hicl.com

Edward Hunt

Helen Price

Kirsty MacCallum

Teneo +44 (0) 20 7420 3169/ HICL@teneo.com

Haya Herbert-Burns

Matthew Thomlinson

Jesse Mathews

Investec Bank plc +44(0) 20 7597 4952

David Yovichic

RBC Capital Markets +44 (0) 20 7653 4000

Matthew Coakes

Aztec Financial Services (UK) Limited +44(0) 203 818 0246

Chris Copperwaite

Sarah Felmingham

HICL Infrastructure PLC

HICL Infrastructure PLC ("HICL") is a long-term investor in infrastructure assets which are predominantly operational and yielding steady returns. It was the first infrastructure investment company to be listed on the London Stock Exchange.

With a current portfolio of over 100 infrastructure investments, HICL is seeking further suitable opportunities in core infrastructure, which are inherently positioned at the lower end of the risk spectrum.

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

Investment Manager (InfraRed Capital Partners)

The Investment Manager to HICL is InfraRed Capital Partners Limited ("InfraRed") which has successfully invested in infrastructure projects since 1997. InfraRed is a leading international investment manager, operating worldwide from offices in London, New York, Seoul and Sydney and managing 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 over 100 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.

InfraRed implements best-in-class practices to underpin asset management and investment decisions, promotes ethical behaviour and has established community engagement initiatives to support good causes in the wider community. InfraRed is a signatory of the Principles of Responsible Investment.

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