Completion of new acquisition

17 May 2012

John Laing Infrastructure Fund Limited (the "Company" or "JLIF")

JLIF announces completed acquisition of new PFI/PPP infrastructure asset

Following its successful capital raise of £130.7 million, JLIF today announces the completed acquisition of a 15% stake in Newcastle Hospitals PFI project for £9.4 million. This is as outlined in the prospectus issued on 29th September 2011.

Contacts:

JLIF Investment Adviser Tel: 020 7901 3326

David Marshall

Andrew Charlesworth

RLM Finsbury Tel: 020 7251 3801

Faeth Birch

Philip Walters