Investment totalling c. £5.20 million

GCP Infrastructure Investments Limited

("GCP" or "the Company")

Investment totalling c. £5.20 million

GCP, the UK's only listed fund focused primarily on investments in UK infrastructure debt, is pleased to announce that on 13 September 2013 the Master Fund completed a transaction subscribing for a loan note with a term of c.14 years and an aggregate value of c. £5.2 million (the Note).

The Note has been issued by GCP Asset Finance 1 Limited, a single purpose company, which has used the proceeds to acquire, under a receivables sale agreement, a senior secured interest in a series of hire payments. The hire payments are to be made by a maintained school in England in relation to a recently-completed sixth form teaching facility. The obligations of the school in this regard are supported by the statutory obligations of the relevant local education authority under the School Standards and Framework Act 1998.

The acquisition of the Note has been financed fully from available cash reserves.

Notes to Editors

The Company

The Company is a closed-ended investment company that seeks to generate returns from senior and subordinated infrastructure debt and related and/or similar assets (the "Target Assets"). The Company achieves this by investing substantially all of its capital in GCP Infrastructure Fund Limited (the "Master Fund"), an open-ended investment company that holds the Target Assets. The Company is the majority shareholder of the Master Fund. The Company and the Master Fund are advised by Gravis Capital Partners LLP (the "Investment Adviser").