Grant of LTIP Share Awards

24 December 2019

BBGI SICAV S.A.

(the "Company")

Grant of Share Awards under Long Term Incentive Plan ('LTIP')

BBGI SICAV S.A. (LSE ticker: BBGI), the global infrastructure investment company, announces that, in accordance with the Market Abuse Regulation Article 19, the Company's Co-Chief Executive Officers, Duncan Ball and Frank Schramm, and the Company's CFO, Michael Denny, were granted conditional awards of the Company's ordinary shares under the Company's LTIP on 23 December 2019. The awards granted are subject to performance and contractual conditions, as set out in the Company's Annual Report 2018.

The number of shares subject to the awards was determined by using the closing price of the Company's share price on 23 December 2019, as ascertained by the Official List, which was 167.50 p per share.

Subject to the achievement of the performance conditions, the awards will vest after 21 December 2022.

Executive Maximum

Share Award

Duncan Ball 352,854

Frank Schramm 354,149

Michael Denny 50,890

For further information, please contact:

BBGI Management Team +352 263 479-1

Frank Schramm

Duncan Ball

BBGI owns a global portfolio of 48 infrastructure assets. These are PPP assets and are supported by contracted, public sector-backed revenue streams, with inflation-protection characteristics.

Further information about BBGI is available on its website at www.bb-gi.com *.

Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).

* Neither the Company's website nor the content of any website accessible from hyperlinks on its website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.