INFA.L Regulatory News (INFA)

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

9 November 2017

InfraStrata plc

("InfraStrata" or the "Company")

Board changes

InfraStrata plc (AIM: INFA), the only UK quoted company focused on gas storage, is pleased to announce the appointment of Karen Campbell as a Non-Executive Director of the Company with immediate effect. Karen brings with her extensive experience, skills and contacts from her background of managing major construction projects.

The Board also wishes to announce the resignation of Peter Wale as a Non-Executive Director, with immediate effect. Peter has been fundamentally important to the success of taking the Company forwards, following the general meeting on 27 June 2017, when he was appointed as a Non-Executive Director.

The Company has been through a period of transition since the general meeting in June and now has the key members of its Board in place as well as having raised funds as announced on 2 October 2017 which has put the Company in a stronger position from which to seek longer-term sources of financing.

Karen Campbell

Karen Campbell is a highly experienced, well connected senior property and infrastructure development executive, with extensive leadership experience in major complex London, national and international infrastructure, rail, mixed commercial and residential development programmes. Since 2015, she worked as Senior Development Manager and subsequently Head of Oversite Development for Crossrail Limited to develop its extensive property portfolio including prime office, retail and residential space. Karen has recently been appointed as Head of Commercial Development for Euston & Old Oak Common at High Speed Two (HS2) Limited, the company responsible for developing and promoting the UK's new high-speed rail network. Karen is a member of the Royal Institution of Chartered Surveyors and began her career with Colliers CRE Chartered Surveyors, going on to hold senior level positions with organisations such as Montagu Evans LLP, BT Group plc and Manchester Airport Group.

Adrian Pocock, Chief Executive of InfraStrata, commented:

"Further to the recent appointments of Graham Lyon and Matthew Beardmore, we are delighted to welcome Karen Campbell to join our Board. Karen has significant experience with large infrastructure projects and brings excellent contacts and negotiating leverage.

It is with great regret that Peter has decided that he can no longer commit the time necessary to continue in his role with InfraStrata, as a result of his exceptionally busy schedule relating to his other directorship with Strategic Minerals plc.

Peter has stated that he intends to retain his shareholding in InfraStrata and we part with reciprocal best wishes to the future success of both companies.

Peter has made a huge contribution to the Company over the last four months or so, and the new Board thanks him for his determination in ensuring that the Company is now in a position to move forwards"

AIM rules disclosures

Karen Campbell (neé Estlick and Jenner is Ms Campbell's married name now) is aged 41 and is currently a director of KC Advisory Management Limited.

Karen was a director of LDL Management Limited until 15 January 2015, which was put into a creditors' voluntary liquidation on 22 January 2015 with an estimated deficiency to creditors and members of approximately £172,000.

For further information, please contact:

-ENDS-

The Front End Engineering & Design (FEED) and Insitu Downhole Testing programme for the Islandmagee gas storage project is co-financed by the European Union's Connecting Europe Facility.

Disclaimer releasing the European Union from any liability in terms of the content of the dissemination materials:

"The sole responsibility of this publication lies with the author. The European Union is not responsible for any use that may be made of the information contained therein."

Notes:

Background on InfraStrata plc

InfraStrata is an independent gas storage company focused on the UK and Ireland.

Further information is available on the Company's website: www.infrastrata.co.uk.

Background on the Islandmagee Storage Project

The Islandmagee gas storage project company, Islandmagee Storage Limited ("IMSL"), is owned 90% by a wholly owned subsidiary of InfraStrata plc and 10% by a wholly owned subsidiary of Mutual Energy Limited. The project is a proposed salt cavern gas storage facility located on Islandmagee in County Antrim, Northern Ireland. Work commenced in 2007 with the acquisition of 3D seismic data to image the Permian salt in the Larne Lough area. During 2012, planning permission was granted for the project and a gas storage licence was issued by the Utility Regulator. In 2015 a well was drilled to core the salt and confirm the technical feasibility of the project, supported in part by the Commission. To date approximately £11m has been invested in the project.

Further information is available on the project company's website: www.islandmageestorage.com.