Issue of Equity

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR TO U.S. PERSONS. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION.

16 December 2016

Issue of Equity

Further to the announcement of 12 December 2016, the Board of Directors (the "Board") of International Public Partnerships Limited (the "Company" and/or "INPP") is pleased to announce the placing has closed, raising £75 million before costs and expenses through the issue of 49,180,327 ordinary shares of 0.01p in the capital of the Company (the "New Ordinary Shares") by way of tap issuance (the "Issue").

The placing was significantly oversubscribed with demand from existing and new investors.

The New Ordinary Shares will be issued at 152.5 pence per share, which represents a discount of 4% to the closing price prior to the fund raising announcement on 12 December 2016.

Commenting on the Issue, Chairman of INPP Rupert Dorey said: "We are delighted to announce that the Company has raised £75 million through a placement today, with the Issue being oversubscribed. The net proceeds of the issue will be used to reduce the drawn element of the Company's debt facility and to continue to bid for new opportunities."

Application for listing and admission to trading

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 21 December 2016.

Notification of Transaction by Persons Discharging Managerial Responsibilities (PDMRs)

The Board announces that Giles Frost, a Director of the Company and of Amber Infrastructure Limited, participated in the Issue and will acquire 59,996 ordinary shares through a personal investment vehicle of which Mr Frost is a beneficiary.

For further information:

Erica Sibree

Amber Fund Management Limited

+44 (0)20 7939 0558

Nick Westlake / Hugh Jonathan

Numis Securities Limited

+44 (0)20 7260 1000

IMPORTANT NOTICES

This Announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 596/2014.

This Announcement has been issued by and is the sole responsibility of the Company.