Investment Update

14 May 2021

INVESTMENT UPDATE

John Laing achieves financial close in a Colombian road PPP project

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 the availability-based Colombian road PPP project Pacifico 2 ("Pacifico 2").

Further to the announcement on 5 January 2021, the Group has acquired a 21.15% interest in Pacifico 2 from Construcciones El Condor for a total consideration of COP151 billion (or approximately £29 million).

About Pacifico 2

Pacifico 2 is located south of Medellin, it includes the construction of a new 82 kilometre dual carriageway and two tunnels, as well as an upgrade of 54 kilometres of existing road. The public-private partnership project has an operating concession that runs to 2043.

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