HICL Infrastructure Regulatory News (HICL)

28 May 2014

HICL Infrastructure Company Limited

Investments update

HICL Infrastructure Company Limited (the "Company"), the listed infrastructure investment company, is pleased to confirm that two previously announced investments have now been completed and form part of the Group's portfolio.

In the Company's Prospectus of February 2013, one of the Conditional Investments was the proposed acquisition of a 29.2% equity & loan note interest in the Bradford Schools BSF (Phase I) project. The project is a 27 year concession for the design, construction, financing and operation of three new secondary schools (Buttershaw High School, Salt Grammar School and Tong School), along with routine and major lifecycle maintenance for the life of the concession. The client is the City of Bradford Metropolitan District Council. This transaction, together with the investment in the PPP desalination project in Australia, have now successfully been completed, and the Group's portfolio now comprises 96 investments

As a result of recent investment activity funded from the Group's revolving debt facility, the Company has a current net funding requirement of around £50m.

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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 WalshPeter Hewer

Victoria 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 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.