Agreement and Completion of Acquisition

29 February 2016

John Laing Infrastructure Fund Limited

Agreement and Completion of Acquisition

JLIF, the FTSE 250 listed infrastructure investment company, announces that it has acquired a 100% interest in the British Transport Police PPP project and entered into an agreement to purchase a 95% interest in the Oldham Social Housing project. Both projects are fully operational, availability-based social infrastructure PPP assets located in the UK and are being acquired under the First Offer Agreements with John Laing Group1.

The combined consideration for both assets is approximately £22 million (which forms part of the approximately £150 million of assets on which JLIF is in advanced discussions, referred to in the Trading Update and Placing announcements made on Thursday 25 February). The consideration will be funded by drawing on JLIF's £180 million multi-currency revolving credit facility (which, prior to these acquisitions, was drawn by £84.5 million). Completion of the acquisition of the Oldham Social Housing project is expected in the coming weeks, subject to the satisfaction of certain conditions.

The discount rate applied for the valuation of these two projects was within the range used for the valuation of JLIF's portfolio as at 31 December 2015, as published in the Trading Update on 25 February 2016.

1 45.83% of the interest in the British Transport Police project was acquired from John Laing Pension Trust

For further information, please contact:

JLCM 020 7901 3326

Andrew Charlesworth

Finsbury 020 7251 3801

Philip Walters

JLIF is one of Europe's largest listed infrastructure funds, trading on the London Stock Exchange. As an equity stakeholder, JLIF partners with public sector counterparties across the world to deliver key local and national infrastructure projects. In return these provide government-backed, inflation-linked revenue streams to our business. JLIF's continued success is built on a collaborative approach, centred on long term relationships with its clients such that their changing infrastructure needs can be met in a timely and cost effective way.