JLIF completes portfolio acquisition

23 August 2013

JLIF Limited (the "Company" or "JLIF")

JLIF completes portfolio acquisition

Following the announcement on 12 July 2013, JLIF, the FTSE 250 international PPP infrastructure investment company, is pleased to announce that following a customary consent process it has completed the acquisition of a portfolio of 11 operational and yielding assets from Investors in the Community LP ("IIC"). The total consideration paid fully in cash was c. £123 million. This represents the largest acquisition made by the Company since IPO.

Following the acquisition, the total number of projects in the JLIF portfolio increases to 49, with an approximate aggregate valuation of £697.8 million#.

Andrew Charlesworth from John Laing Capital Management, Fund Manager to JLIF, said:

"We are delighted to have completed the acquisition from IIC. These high quality assets are an excellent fit with our existing portfolio. Since 1 January 2012 and with today's completion, by value we have acquired 70% of investments from vendors other than the John Laing Group. Our pipeline of potential investments continues to underpin our confidence in JLIF's future and we will continue to seek value enhancing opportunities for the benefit of shareholders."

For further information, please contact:

JLIF Limited 020 7901 3326

David Marshall

Andrew Charlesworth

RLM Finsbury 020 7251 3801

Faeth Birch

Philip Walters