HICL Infrastructure Regulatory News (HICL)

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

5 June 2017

HICL Infrastructure Company Limited

Result of Equity Issue

Further to its announcement of 24 May 2017, the Board of HICL Infrastructure Company Limited (the "Company") is pleased to announce that the Company has raised gross proceeds of £267.7m through the issue for cash, subject to listing, of 162,246,567 Ordinary Shares of 0.01 pence each (the "New Ordinary Shares") in the Company (the "Issue"). The Issue Price per New Ordinary Share was 165.0 pence.

The Issue was materially oversubscribed and in light of the Company's current investment pipeline, the size of the Issue was increased from its initial target size of £205m to the maximum available to the Company.

Application has been made for the New Ordinary Shares to be admitted to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange. It is expected that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 7 June 2017.

Following the issue of the New Ordinary Shares on 7 June 2017, the total number of voting rights in the Company will be 1,785,507,302. This figure may be used by shareholders in determining the denominator for the calculation by which they will establish if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Ian Russell, Chairman of HICL Infrastructure Company Limited, said:

"I am delighted that HICL continues to represent such a compelling proposition for the broad range of investors on our share register. The strong demand for shares in the Company, already demonstrated at the time of the formal fundraising in March, has clearly been maintained for this subsequent issue. We will continue to seek out risk-appropriate investments which can enhance the existing portfolio whilst preserving our pricing discipline."

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Important Information

This Announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 596/2014.

This Announcement has been issued by and is the sole responsibility of the Company.