Completion of Acquisition

John Laing Infrastructure Fund Limited

Completion of Acquisition

JLIF, the FTSE 250 listed infrastructure investment company, is delighted to announce that it has completed the acquisition for a 40% stake in the Barcelona Line 9 Section II metro project, an agreement that was initially announced in December 2015. The consideration of the acquisition was the Euro equivalent of approximately GBP85 million and was funded through JLIF's existing cash resources and revolving credit facility. Following the acquisition, JLIF is GBP84.5m drawn on its revolving credit facility.

Line 9 runs directly through the heart of Barcelona's city centre, connecting the airport and the port district. This stake was previously held by Iridium Concesiones de Infraestructuras ("Iridium"), a subsidiary of Grupo ACS. Iridium will continue to hold a stake in the project.

Andrew Charlesworth from John Laing Capital Management ("JLCM"), Investment Adviser to JLIF, said:

"This acquisition is an example of the great opportunities for JLIF that exist across the developed European market and which will allow us to create further value for investors. This project is low risk, in line with our investment criteria, and has more than 27 years remaining, and therefore provides JLIF with a significant long term source of income."

For further information, please contact:

JLCM 020 7901 3326

Andrew Charlesworth

Finsbury 020 7251 3801

Faeth BirchPhilip Walters