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Portfolio Update

2nd Jan 2007 10:44

2 January 2007

HSBC INFRASTRUCTURE COMPANY LIMITED (Incorporated in Guernsey with registered number 44185) PORTFOLIO UPDATE

In accordance with Listing Rule 15.4.11(2), HSBC Infrastructure Company Limited (the "Company") announces that the following list represents the 10 largest* investments** of the Company and its subsidiaries (the "Group") as at 31 December 2006. This list includes all of the Group's investments with a value greater than 5% of the Group's total assets:

ProjectHome Office Headquarters Dutch High Speed Rail Link Colchester Garrison Bishop Auckland Hospital Central Middlesex Hospital Health & Safety Laboratory West Middlesex Hospital Blackburn Hospital Barnet Hospital Stoke Mandeville Hospital Contact:Andre Le Prevost

Kleinwort Benson (Channel Islands) Fund Services Limited

Company Secretary01481 727111Points to note:

* Outstanding subscription obligations that the Group is obliged to make in respect of a project have been included for the purpose of calculating the value of that project.

** The Group's investments comprise investments in the equity and debt of the project company (and/or the project company's holding company) responsible for the projects listed.

HSBC INFRASTRUCTURE COMPANY LTD

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HICL Infrastructure
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