IIP.L Regulatory News (IIP)

Infrastructure India plc

Board Changes

Infrastructure India plc, the infrastructure fund investing directly into assets in India, announces the appointment to the board of directors ("Board") of M. S. Ramachandran as an independent non-executive director, effective immediately.

M. S. Ramachandran has held numerous senior positions in the Indian energy sector. He has extensive corporate and operational experience spanning over 35 years with Indian Oil Corporation Limited ("Indian Oil"), India's flagship national oil company, where he started as a management trainee in 1969 and, eventually, left as chairman of the board in 2005. During his tenure, Indian Oil grew to become the leading Indian corporate in the Fortune 'Global 500' listing. From 1998 to 2000, prior to his appointment to the board of Indian Oil, Mr Ramachandran served as the Executive Director of the Oil Coordination Committee of India's Ministry of Petroleum and Natural Gas.

Following his retirement from Indian Oil, Mr Ramachandran has acted as non-executive director on the boards of a number of companies such as ICICI Bank Limited (India's second largest bank) and has acted in an advisory capacity to organisations including BHP Billiton India, Chevron Business Development, Inc. and International Infrastructure Consultants (P) Limited. He is also currently chairman of the India-Iraq Economic Cooperation Council and a member of the board of governors of the University of Petroleum & Energy Studies.

The current and past (within the last five years) directorships or partnerships of Madras Seshamani Ramachandran (aged 66), all of which are Indian registered entities, are set out below:

There are further no disclosures to be made pursuant to Schedule 2 paragraph (g) in respect of Mr Ramachandran.

At the same time, Rupert Cottrell, Deputy Chairman, will step down from the Board in order to pursue his other business interests. The Board would like to thank Mr Cottrell for his leadership and guidance since the Company's inception and wishes him the best going forward.

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