Issue of Equity

HICL Infrastructure Company Limited

Issue of Ordinary Shares

5 July 2013

Further to its announcement of 3 July, the Board of HICL Infrastructure Company Limited (the "Company") is pleased to announce that the Company has raised gross proceeds of £86.0m through the issue for cash, subject to listing, of 66,666,670 Ordinary Shares of 0.01 pence each (the "New Ordinary Shares") in the Company (the "Issue"). The Issue Price per New Ordinary Share was 129.0 pence. The Issue was oversubscribed.

Application has been made for the New Ordinary Shares to be admitted to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange. It is expected that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 10 July 2013.

Graham Picken, Chairman of HICL, said:

"We are delighted by the strong response from such a broad range of investors to this share issuance, as it enables the Company to take full advantage of further suitable investment opportunities in the infrastructure market, as and when they might arise. Moreover, the premium to net asset value at which the Issue was priced maintains value for our existing shareholders."

Following the issue of the New Ordinary Shares, the Company retains authority from Shareholders to issue a further 44,969,344 Ordinary Shares on a non pre-emptive basis by way of tap issue. It is the intention of the Board to utilise that tap issuance authority as and when the Directors deem appropriate, having regard in particular for the Company's net funding requirement at the time.

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