International Public Partnerships Regulatory News (INPP)

THE INFORMATION IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN, NEW ZEALAND OR THE REPUBLIC OF SOUTH AFRICA OR IN ANY MEMBER STATE OF THE EU OTHER THAN THE UK AND IRELAND OR IN ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL

16 November 2015

£180 million raised through Placing, Open Offer and Offer for Subscription

Result of Placing, Open Offer and Offer for Subscription

Further to the announcement of 19 October, International Public Partnerships Limited ("INPP" or the "Company") is pleased to announce that it has raised a total of £180 million through the issue of new shares via a Placing, Open Offer and Offer for Subscription. The issue was very significantly over subscribed.

A total of 137,142,857 Shares will be issued at a price of 131.25 pence per Share, of which 39,979,495 Shares will be issued pursuant to the Open Offer, 1,471,821 Shares will be issued pursuant to the Offer for Subscription and 95,691,541 Shares will be issued under the Placing.

Commenting on the result of the Placing, Open Offer and Offer for Subscription, Rupert Dorey, Chairman of INPP, said:

"The demand for new shares in the Company has been very strong and significantly exceeded our target. We are very grateful for the support from both existing and new shareholders. We believe the success of the issue underlines the investment attractions of the infrastructure sector generally and of the assets within our portfolio in particular."

Applications will be made for the 137,142,857 new shares to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc's main market for listed securities ("Admission"). Admission is expected to become effective, and dealings in the New Shares are expected to commence, at 8.00 a.m. on 18 November 2015. The issue of new shares is conditional on Admission becoming effective by not later than this time or such later date as may be provided for in the Issue Agreement and on the Issue Agreement becoming otherwise unconditional in all respects, and not being terminated in accordance with its terms, before Admission becomes effective.

Following this issue, the Company's issued share capital will comprise 990,634,037 ordinary shares. 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.

Unless otherwise defined, capitalised words and phrases in this Announcement shall have the meaning given to them in the Prospectus.

For further information:

Erica Sibree

Amber Fund Management Limited

+44 (0)20 7939 0558

Nick Westlake / Hugh Jonathan

Numis Securities Limited

+44 (0)20 7260 1000

IMPORTANT NOTICES

This Announcement has been issued for information purposes only. It is issued by and is the sole responsibility of the Company. No representation or warranty, express or implied, is or will be made to, or in relation to, and no responsibility or liability is or will be accepted by Numis Securities Limited ("Numis") or by any of its affiliates or agents as to or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

Numis is acting for the Company as sponsor, corporate broker, financial adviser and bookrunner in relation to the proposed Issue of New Shares pursuant to the Placing, Open Offer and Offer for Subscription. Numis is authorised and regulated by the Financial Conduct Authority. Numis is not acting for anyone else and will not be responsible to anyone other than INPP for providing the protections afforded to its clients nor for providing advice in relation to the proposed issue or any other matter referred to herein. To the fullest extent permitted by law recipients agree that Numis shall not have any liability (direct or indirect) for or in connection with this Announcement or any matters arising out of or in connection herewith. Numis has not authorised the contents of, or any part of, this document.

Ordinary Shares to be issued pursuant to the Issue have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the applicable state securities laws of the United States, and accordingly, subject to certain exceptions, may not be offered or sold directly or indirectly in or into the United States, or to or for the benefit of any U.S. person (within the meaning of Regulation S under the Securities Act). In addition, the Company has not been and will not be registered under the United States Investment Company Act of 1940, as amended.

The distribution of this Announcement and the placing, open offer and offer for subscription of Ordinary Shares in certain jurisdictions may be restricted by law. No action has been taken by the Company or Numis that would permit an offering of any Ordinary Shares or possession or distribution of this Announcement or any other offering or publicity material relating to such Ordinary Shares in any jurisdiction where action for that purpose is required. Persons into whose possession this Announcement comes are required by the Company and Numis to inform themselves about, and to observe, such restrictions.

Certain statements in this Announcement are forward-looking statements which are based on the Company's expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

The information contained in this Announcement is subject to change without notice and neither the Company nor Numis assume any responsibility or obligation to update publicly or review any of the forward-looking statements contained herein.