Restructuring of Management Arrangements

Infrastructure India plc

Restructuring of Management Arrangements

Infrastructure India plc, the investment company focused on India's Transport and Energy sectors, announces that it has agreed revised management arrangements with Guggenheim Franklin Park Management, LLC (the "Asset Manager" or "GFPM") and Akur Partners LLP ("Akur"), with immediate effect.

Under the terms of the new arrangements, GFPM will be the exclusive provider of asset management and related services contracted to the Group, with an annual management fee of 2 per cent. of the value of the Group's assets from time to time which equates to the aggregate fees payable under the terms of the Management Services Agreement and the Valuation and Portfolio Services Agreement (both entered into in March 2011) for the current financial year and a reduction in the overall fees payable by the Group thereafter. All other material terms of the Management Services Agreement remain the same. Other service providers may be sub-contracted to the Asset Manager as needed and, pursuant to this, the Valuation and Portfolio Services Agreement between Akur and the Group has been acquired by the Asset Manager.

Sonny Lulla, IIP's Chief Executive, said, "The revised Management Services Agreement provides shareholders with a simpler and lower cost management arrangement going forward."

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