JLIF Announces Acquisition

John Laing Infrastructure Fund Announces the Completion of an Acquisition for £16.6 million

John Laing Infrastructure Fund ("JLIF") is pleased to announce the completion of the acquisition of the E18 road in Finland, a fully operational, demand-based PFI/PPP infrastructure project, from the John Laing Group for £16.6 million.

JLIF is now fully invested in a diversified portfolio of 19 PFI/PPP infrastructure projects, which was its stated aim upon listing on the London Stock Exchange on 29 November 2010, when it raised £270 million of funds - the maximum end of its target range.

The projects in the portfolio are all fully operational, supported by contracted, government-backed revenue streams, with inflation-linked revenues.

Projects in the portfolio also include:

·; Abbotsford Hospital in British Columbia, Canada;

·; A section of the M40 Motorway in England;

·; Three street lighting projects in Manchester, Wakefield and Walsall;

·; Two social housing projects in Brockley and Canning Town; and

·; Sirhowy Way road in Wales.

Commenting on the announcement, Andrew Charlesworth, JLIF's Investment Adviser, said:

"Today's announcement represents the successful delivery on our promise to investors to use the funds raised from our listing to fully invest in a portfolio of 19 fully operational infrastructure projects.

We now own and manage a high quality, low risk infrastructure portfolio and remain confident in our ability to deliver a strong and predictable dividend yield, with a target of 6% and an IRR target of 7% to 8% over the longer term.

2010 has been a seminal year for JLIF and we are looking forward with optimism to the opportunities 2011 will offer."

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