C Share Issue

20 April 2016

Project Finance Investments Limited (the "Company")

C Share Issue

Further to the announcement on 18 March 2016, the Board is pleased to announce it has decided to proceed with an Open Offer (on the basis of one C Share for each Ordinary Share), Placing and Offer for Subscription of C Shares targeting gross proceeds in excess of £60 million in May.

The Company will be publishing a prospectus with further details shortly, subject to regulatory approval.

For further information please contact:

Gravis Capital Partners LLP

David Conlon +44 (0)20 3142 7861

Dion Di Miceli +44 (0)20 7850 4722

Stephen Ellis +44 (0)20 7518 1490

Cenkos Securities plc

Tom Scrivens +44 (0)20 7397 1915

Oliver Packard +44 (0)20 7397 1918

Phil Higgs +44 (0)20 7397 1913

Sapna Shah +44 (0)20 7397 1922

Highland Capital Partners Limited

William MacLeod +44 (0) 7836 695442

Buchanan

Charles Ryland +44 (0)20 7466 5000

Robbie Ceiriog-Hughes

Victoria Watkins