Completion of Acquisition

John Laing Infrastructure Fund Limited ("JLIF")

Completion of Acquisition

JLIF, the FTSE 250 listed investment company, is pleased to announce that, in accordance with the agreement announced on the 5 May 2016, it has completed the acquisition of an additional 13.5% interest in the Barcelona Metro Stations Line 9 Section II project ("Section II") and a 13.5% interest in the Barcelona Metro Stations Line 9 Section IV project ("Section IV"). The interests were acquired from co-shareholder Acsa, Obras e Infraestructuras, S.A.U. ("Acsa"), a member of the Sorigué group.

The aggregate consideration was approximately €62.5 million. Given recent movements in currency exchange rates JLIF has funded the full consideration by drawing in Euros on its multi-currency revolving credit facility.

Andrew Charlesworth from John Laing Capital Management ("JLCM"), Investment Adviser to JLIF, said:

"These high quality assets increase JLIF's geographic diversification and provide it with long-term, low risk, government-backed revenues. We look forward to working in partnership with all stakeholders in the projects to ensure their continued success."

For further information, please contact:

John Laing Capital Management 020 7901 3326

Andrew Charlesworth

Finsbury 020 7251 3801

Faeth Birch

Philip Walters