Completion of acquisition of 15 asset portfolio

John Laing Infrastructure Fund

Completion of acquisition of 15 asset portfolio for £216.9m

John Laing Infrastructure Fund ("JLIF"), which listed yesterday, is pleased to announce that it has already completed the acquisition of 15 PFI/PPP projects from the John Laing Group for £213.2 million and a further share in one project from the John Laing Pension Fund for £3.7 million. The acquisitions of four further projects are due to complete shortly, after which JLIF will own a 19 asset portfolio as detailed in the recently published prospectus.

Projects in the acquired portfolio are fully operational and supported by contracted, government-backed revenue streams, with inflation-linked revenues. They include the MoD headquarters in Whitehall, London; Abbotsford Hospital in British Columbia, Canada; and a section of the M40 Motorway in England. The four projects yet to complete are: the E18 road in Finland; Brockley Social Housing; Greater Manchester Police Stations; and the Metropolitan Police training centre in Gravesend.

David Marshall, JLIF Investment Adviser, said:

"This is an excellent start to JLIF's life as a listed company. With the fund now substantially invested in a portfolio of operational assets, JLIF is in a great position straightaway to start delivering value to its new shareholders."

Contacts:

JLIF Investment Adviser Tel: 020 7901 3314

David Marshall Andrew CharlesworthFinsbury Tel: 020 7251 3801Faeth BirchGordon SimpsonKatie Lang