Infra.india Regulatory News (IIP)

Infrastructure India plc

Placing of new Ordinary Shares

Further to an announcement made today, Infrastructure India, an investment company focussed on Indian infrastructure assets, announces the following further information regarding the placing of up to 54,545,454 new ordinary shares of 1p each ("Ordinary Shares") in the Company ("Placing Shares") at a price of 60.5p per share (the "Placing Price"), raising up to £33.0 million (before expenses) and up to approximately £31.4 million (net of expenses) (the "Placing").

The Placing Price represents a discount of approximately 10 per cent. to the mid-market closing price of an Ordinary Share on 9 February 2011 (being the latest practicable date prior to the announcement of the Placing).

Application has been made for 42,148,761 of the Placing Shares to be admitted to trading on AIM and dealings are expected to commence on 17 February 2011.

The balance of the Placing Shares, which are to be allotted and issued following the conclusion of the forthcoming extraordinary general meeting ("EGM"), are expected to form part of the enlarged issued share capital to be admitted to trading on 3 March 2011.

Directors' Interests

Rupert Cottrell and Timothy Walker are subscribing for Placing Shares pursuant to the Placing. The table below sets out the Directors' respective interests in the share capital of the Company on 10 February 2011 (being the last practicable date prior to announcement of the Placing) and following completion of the Placing (other than those shares to be allotted and issued following the EGM):

Notes:

1. Assuming no exercise of warrants to subscribe for Ordinary Shares ("Warrants") between the date of this announcement and the admission of the Placing Shares to trading on AIM.

2. Rupert Cottrell also holds 5,000 Warrants.

3. Timothy Walker also holds 5,000 Warrants.

Related Party Transaction

Utilico Emerging Markets Limited ("UEM"), which currently owns 4,401,360 Ordinary Shares (representing 11.06% of the current issued share capital of the Company), intends to subscribe for 4,550,000 Placing Shares. The participation of UEM as a substantial shareholder in the Placing is deemed to be a related party transaction under the AIM Rules for Companies. The Directors consider, having consulted with Smith & Williamson Corporate Finance Limited in its capacity as the Company's nominated adviser, that the terms of the subscription by UEM in the Placing are fair and reasonable insofar as the Shareholders are concerned.

Total Voting Rights

Following the admission to trading on AIM of the 42,148,761 Placing Shares on 17 February 2011, the Company's capital will consist of 81,937,919 Ordinary Shares and 7,340,000 Warrants.

The total number of voting rights in the Company will be 81,937,919. The voting rights on all these shares are identical. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules following 17 February 2011.

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