Investment Update

24 May 2021

INVESTMENT UPDATE

John Laing achieves financial close in a UK specialised accommodation platform

John Laing Group plc ("John Laing" or the "Group"), the responsible investor and active manager of infrastructure projects internationally, is pleased to announce that all necessary approvals have now been obtained and it has achieved financial close on a UK-based specialised accommodation platform with McCarthy Stone.

As previously announced, the Group has achieved its full year guidance for 2021 of investment commitments of at least £100 million, with £107 million in new investment commitments. This comprises the investments in the UK-based specialised accommodation platform, the Pacifico 2 road PPP project, and a German fibre-to-the premise roll-out platform.

About the UK-based specialised accommodation platform

The Group has completed a transaction to create a UK-based platform to invest in retirement accommodation. Under this transaction, Brigid Investments Limited, in which John Laing and Macquarie Capital are each 50% shareholders, will invest in purpose-built, completed and let retirement living units developed in partnership with McCarthy Stone.

The investment commitments total approximately £50 million, reflecting the initial acquisition cost and additional completed and let retirement living units that will be acquired over the next 12 months.

About John Laing

John Laing is a leading international investor across a range of infrastructure sectors. We seek to deliver attractive and sustainable returns over the medium-term. We are a responsible investor, committed to delivering critical and enduring infrastructure which responds to public needs and improves the lives of the communities we serve.

John Laing has operations in seven countries around the world, and invests in the UK & Europe, North America, Latin America and Australia. We invest in greenfield projects and in businesses which develop and own infrastructure assets. We have invested in over 150 projects and businesses to date, across a range of sectors, including transport, social infrastructure, energy transition, accommodation and digital infrastructure.

ENDS