Change of Advisers

5 April 2019

InfraStrata plc

("InfraStrata" or the "Company")

Change of Advisers

InfraStrata plc (AIM: INFA), the UK quoted company focused on the development of natural gas storage capacity, announces that it has updated various of its advisers to position the Company for the future. The Company is pleased to announce the following appointments:

Legal Services: Fieldfisher LLP

Company Secretary: Fieldfisher Secretarial Services

Auditor and Accountancy Services: PKF Littlejohn

In addition, the Company has served notice to terminate its contract with SI Capital Limited as joint broker, and therefore from 14 August 2019 Allenby Capital will be the Company's sole broker.

John Wood, Chief Executive Officer commented: "During 2019 we have been undertaking an ongoing review of our cost base, and whilst we are making fantastic progress with our Islandmagee gas storage project it is essential that we ensure we are receiving value for money from our various advisers. These changes will not only reduce our fixed costs, they will also improve the level of services that we receive which bodes well for the future."

For further information, please contact:

-ENDS-

Notes to editors:

InfraStrata is an independent gas storage company focused on the UK and Ireland. Further information is available on the Company's website: www.infrastrataplc.com 

Background on the Islandmagee Storage Project

The Islandmagee gas storage project is a proposed salt cavern gas storage facility located on Islandmagee in County Antrim, Northern Ireland. The Board of InfraStrata believes that the proposed 500 million cubic metres natural gas cavern storage facility will provide over 25% of the UK's natural gas storage once constructed. The facility will be situated adjacent to the Scotland Northern Ireland (gas) Pipeline (SNIP) and the Moyle 500 megawatt electricity interconnector. 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 European Commission. The Front End Engineering and Design (FEED) element of the Project was completed in November 2018 and the FEED report was submitted to the European Union in December 2018 in accordance with the Company's grant conditions. To date approximately £14.5m has been invested in the project.

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

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."