Completion of Acquisition

13 April 2011

John Laing Infrastructure Fund

Completion of acquisition of two fully operational PFI/PPP projects for £ 9.0 million

John Laing Infrastructure Fund ("JLIF"), which successfully raised approximately £27.4 million on 4 April, is pleased to announce that it has completed the acquisition of the first two of the four PFI/PPP projects which it has recently agreed to purchase from the John Laing Group for £9.0 million. The acquisitions of two further projects are due to complete shortly, after which JLIF will own a 22 asset portfolio.

The two projects are fully operational, with contracted government-backed revenue streams, linked to inflation. The assets have a projected net return which aligns with the Company's stated target of between 7%-8% net return to investors over the long term, including potential value enhancements.

The projects are:

·; Queen Elizabeth Hospital, Greenwich (12.5% additional stake, taking the total stake to 27.5%); and

·; Bentilee Community Centre, near Stoke-on-Trent (100% stake).

The completion of the remaining two projects is expected to be completed within the next few weeks.

David Marshall, JLIF Investment Adviser, said:

"We are pleased to have completed the acquisition of these two excellent assets, comprising a further stake in one of our existing, well-performing projects and another PFI/PPP project. These investments meet the stated criteria we place on all potential investments to provide secure income and value enhancement opportunities. JLIF's acquisition pipeline remains strong and we expect to take advantage of similar opportunities as they emerge in the future not only from John Laing Group but also from other parties."

Contacts:

JLIF Investment Adviser Tel: 020 7901 3326 David Marshall Andrew CharlesworthFinsbury Tel: 020 7251 3801Faeth BirchPhilip Walters