East West Link update

JOHN LAING - LSE ANNOUNCEMENT (15TH April 2015)

John Laing Group plc

Statement re: East West Link project, Melbourne, Australia.

John Laing Group plc announces that the East West Connect consortium, in which John Laing Group has a 30% shareholding, has reached an agreement with the Victorian Government in the form of a non-binding Heads of Agreement providing a satisfactory resolution to the East West Link project.

The agreement enables the Victorian Government to acquire the East West Connect project companies for a nominal consideration. The agreement also enables the sponsors of the project companies to cease work on the East West Link project.

John Laing Group expects its investment commitment of £60.7 million (sterling equivalent at 31 December 2014), which is made up of cash collateral and a letter of credit, to be returned in full. As previously disclosed, John Laing ascribed no value to this project in its portfolio valuation as at 31 December 2014.

John Laing Group looks forward to pursuing future projects in the State of Victoria.

Ends

Further information

Media enquiries:

Peter Ogden, Maitland +44 20 7379 5151

About East West Link

John Laing Group, as part of the East West Connect consortium, which also includes QIC, Capella Capital, Lend Lease, Bouygues and Acciona, reached financial close on the East West Link Project in October 2014. Following the November 2014 election in Victoria, the Government directed the consortium to suspend work on the East West Link project. This suspension was previously highlighted in John Laing's Audited Results for the year ended 31 December 2014.

About John Laing

John Laing is an originator, active investor and manager of international infrastructure projects. We invest at the greenfield stage and our business is focused on major transport, social and environmental infrastructure projects awarded under governmental public-private partnership (PPP) programmes, and renewable energy projects, across a range of international markets including Asia Pacific, UK, Europe and North America. We are one of the world's most trusted brands in the field of infrastructure thanks to our expertise and credentials, with more than 100 projects in the last 30 years. On 17 February 2015, shares in John Laing were admitted to listing on the London Stock Exchange.

www.laing.com