Completion of Placing and Issue of Equity

22 August 2014

Infrastructure India plc

("Infrastructure India", "IIP" or the "Company")

Completion of Placing and Issue of Equity

Infrastructure India plc, the infrastructure fund investing directly into assets in India, is pleased to announce that the proposed placing of 337,607,041 new ordinary shares of 1p each ("Ordinary Shares") in the Company (the "Placing Shares") at a price of 18 pence per share (the "Placing Price") has been closed, raising approximately US$102 million before expenses (the "Placing").

The Placing Price represents a premium of approximately 24 per cent. to the mid-market closing price of an Ordinary Share of 14.50 pence on 14 July 2014 (being the latest practicable date prior to the announcement of the Placing).

In accordance with the terms of the subscription agreement between IIP and Barnet Holdings, Ltd. ("Barnet") announced by the Company on 20 August 2014, Barnet, an affiliate of the Company's majority indirect shareholder, GGIC, Ltd. ("GGIC"), has subscribed for all 337,607,041 of the Placing Shares at the Placing Price.

As a result, the combined direct and indirect interests of GGIC and Barnet in the Company will now rise from GGIC's current indirect interest of 175,324,980 Ordinary Shares, representing 51.17 per cent. of the Company's existing issued ordinary share capital, to a combined 512,932,021 Ordinary Shares, representing 75.40 per cent. of the issued share capital of the Company, as enlarged by the Placing Shares. GGIC and Barnet are deemed to be acting in concert within the meaning of the City Code on Takeovers and Mergers (the "City Code"). As a result, and in accordance with note 11 to Rule 9.1 of the City Code, Barnet's subscription for the Placing Shares does not give rise to an obligation to make a general offer for the Company under the City Code.

Application has been made to the London Stock Exchange for the Placing Shares, which rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM ("Admission"). Dealings are expected to commence at 8.00 a.m. on 28 August 2014. Following the issue of the 337,607,041 Placing Shares, the issued ordinary share capital of the Company will comprise a total of 680,267,041 Ordinary Shares. No Ordinary Shares are held in treasury.

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