Jlif refinance of revolving credit facility

27 February 2013

JLIF refinance of revolving credit facility

JLIF, the FTSE 250 international PPP infrastructure investment company, today announces that it has secured a three year Revolving Credit Facility of £150 million with Lloyds TSB Bank plc, Royal Bank of Scotland plc and ING Bank NV. This facility will replace the existing £75 million facility with Royal Bank of Scotland plc.

JLIF has the ability to raise debt up to 25% of its total assets. The margin on the agreed facility is 2.3% over LIBOR, and is subject to variation with the loan to value ratio.

The facility will be used primarily to fund acquisitions, and will be repaid through raising equity in the market. This debt facility is intended to be additional resource and not structural financing.

Andrew Charlesworth, Investment Adviser to JLIF, said:

"Considering the current activity in the secondary market, and that projected for 2013/4, this facility gives JLIF an immediate ability to be able to complete on larger portfolios or acquisitions from multiple vendors very quickly. The debt can be repaid through an equity issue which is more cost efficient for investors. This additional resource reinforces JLIF's business plan and further supports its growth targets over the coming two to three years. We are excited about the opportunities that will become available over the coming year and continuing to grow JLIF's portfolio in the most efficient manner possible."

Contacts:

JLIF Investment Adviser Tel: 020 7901 3326

David Marshall

Andrew Charlesworth

RLM Finsbury Tel: 020 7251 3801

Faeth Birch

Philip Walters