International Public Partnerships Regulatory News (INPP)

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29 October 2015

Learning Communities Victoria Consortium REACHES FINANCIAL CLOSE ON Victorian New Schools PPP Project

International Public Partnerships Limited ('the Company' or 'INPP'), the listed infrastructure investment company, is pleased to advise that the Learning Communities Victoria Consortium has reached financial close on the New Schools Public Private Partnership Project ("the Project") in the state of Victoria in Australia.

The Company will fully own the Project and invest £16.5 million representing 100% of the Project's risk capital. The Project is expected to deliver a predictable and high quality cashflow to the Company backed by the credit of the State of Victoria which is rated AAA by both S&P and Moody's. The Company anticipates a return on its investment fully in line with its experience on other comparable projects.

The Project has been commissioned by the Victorian Department of Education and Training, and comprises the design, building, financing and maintenance of 15 schools across 12 sites. The contract with the Victorian Government is for a period of 25 years from the expected date of construction completion.

The Learning Communities Victoria Consortium was led by Amber Infrastructure and, in addition to INPP, other consortium members include:

· Watpac Construction: Design and Construction;

· Spotless Facility Services: Facilities Manager. Spotless also provides facilities management services to some of the Company's existing Australian investments;

· YMCA Learning Communities: Community Services and Activities; and

· Centre for Education and Research in Environmental Strategies (CERES): Environmental Sustainability Education Services and Activities

This New Schools PPP Project builds on the Company's existing educational infrastructure investments across Australia, the UK and Canada and will broaden its Australian investment portfolio.

Construction is expected to commence in Q4 2015 with the delivery of the first tranche of schools to be in time for the commencement of the 2017 school year and the subsequent, second tranche of schools to be delivered in time for commencement of the 2018 school year.

The investment will be funded by INPP through a mix of cash and its revolving credit facility.

Commenting on the appointment, Chairman of International Public Partnerships, Rupert Dorey said: "We are delighted to have made our investment into the Victorian New Schools PPP Project. We look forward to working with the Victorian Government and the consortium to develop the high quality schools which are at the heart of the project. For our investors this project demonstrates the Company's ability to continue to source attractive long term infrastructure investment opportunities on an international basis."

Further project details can be viewed on the State's Project website: http://www.education.vic.gov.au/about/programs/infrastructure/Pages/newschoolsproject.aspx.

For further information:

Erica Sibree +44 (0)20 7939 0558

Amber Fund Management Limited

Nick Westlake/Hugh Jonathan +44 (0)20 7260 1345/1263

Numis Securities

Ed Berry/Mitch Barltrop +44 (0) 20 3727 1046/1039FTI Consulting

Notes to Editors:

About International Public Partnerships:

International Public Partnerships Limited (INPP) is a listed infrastructure investment company which invests in global public infrastructure projects developed under the public private partnerships (PPP) and private finance initiative (PFI) procurement methods.

Listed in 2006, INPP is a long-term investor in 119 social and transport infrastructure projects, including schools, hospitals, courts, police headquarters, transport and renewable energy projects in the U.K., Europe, Australia and Canada. INPP seeks to provide its shareholders with both a long-term government-backed yield and capital growth through investment across both construction and operational phases of typically 20-40 year concessions.

Visit the INPP website at www.internationalpublicpartnerships.com for more information.

About Amber Infrastructure Group:  

Amber Infrastructure Group (Amber) is a leading international infrastructure specialist, providing asset management and investment advisory services in respect of over £5 billion of assets in the UK, Europe, Australia and North America. Amber's core business focuses on sourcing, developing, advising on, investing in and managing infrastructure assets within the utilities, PPP, transport, renewable energy and regeneration sectors.

Amber provides investment advisory services to International Public PartnershipsLimited as well as private investment funds, specialising in urban regeneration. Amber is headquartered in London with offices in Munich, Sydney, Melbourne and San Francisco and employs over 80 people, making it one of the largest

international infrastructure specialists.

This announcement is for information purposes only. This announcement is not a prospectus. This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in INPP or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. Any investment decision must be made exclusively on the basis of any prospectus published by the Company and any supplement thereto in connection with the admission of ordinary shares of the Company to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities.