HICL Infrastructure Regulatory News (HICL)

20 March 2014

HICL Infrastructure Company Limited

Extraordinary General Meeting for Proposed Acquisition

HICL Infrastructure Company Limited ("HICL", the "Company", and together with its subsidiaries the "Group"), the listed infrastructure investment company, has today sent a circular and notice of extraordinary general meeting ("EGM") to shareholders in respect of the proposed acquisition of a new investment from a fund also managed by the Company's Investment Adviser, InfraRed Capital Partners Limited (the "Investment Adviser").

As a matter of good corporate governance, the Board of the Company is seeking the approval of Shareholders at an EGM to be held on 15 April 2014 for the acquisition (the "Acquisition") of a 5.85% equity interest in the AquaSure Victorian Desalination PPP Project near Melbourne in the State of Victoria, Australia from the InfraRed Environmental Infrastructure Fund, a fund managed by the Investment Adviser.

The Acquisition, which would be the Company's first investment in Australia, falls within the Company's Investment Policy and stated acquisition strategy and complements the other PFI/PPP assets in the portfolio. It also provides further diversification to the portfolio by type of project and geography.

Graham Picken, Chairman, HICL said:

"This Acquisition fits within the Company's Investment Strategy and helps diversify the current portfolio further by geography and project type. The Board unanimously recommends that Shareholders vote in favour, as all of the Directors intend to do in respect of their own beneficial holdings of Ordinary Shares."

Further details of the Acquisition and the EGM can be found in the circular, a copy of which will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do and from the Company's website.

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Enquiries

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

Tony RoperKeith PickardRobin Hubbard

Tulchan Communications +44 (0) 20 7353 4200

Martha WalshVictoria Huxster

Canaccord Genuity +44 (0) 20 7523 8000

Dominic WatersNeil BrierleyWill BarnettDavid 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 93 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.