Results of Secondary Placing

NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES , CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR TO U.S. PERSONS (WITHIN THE MEANING OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED)

2 October 2012

John Laing Infrastructure Fund Limited (the "Company" or "JLIF")

SUCCESSFUL SECONDARY PLACING OF 28,037,383 ORDINARY SHARES AT A PRICE OF 106.5 PENCE PER SHARE

John Laing Infrastructure Fund Limited has been notified by John Laing Investments Limited that it has successfully placed 28,037,383 ordinary shares (the "Placing Shares") at a price of 106.5 pence per share in a secondary placing. Immediately following the placing, John Laing Investments Limited holds 34,451,806 JLIF shares which are subject to a 180 day lock-up in favour of J.P. Morgan Securities plc (which conducts its UK investment banking activities as J.P. Morgan Cazenove) ("JPMC") and cannot be sold or otherwise disposed of without the prior written consent of JPMC (not to be unreasonably withheld).

JPMC acted as sole bookrunner in respect of the secondary placing by John Laing Investments Limited.

For further information, please contact: 

John Laing Capital Management 020 7901 3326

David Marshall

Andrew Charlesworth 

J.P. Morgan Cazenove 020 7742 4000

Christopher Nicholls

Edward Gibson-Watt

This announcement is not for publication, release or distribution, directly or indirectly, in whole or in part, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada, Japan or South Africa or any jurisdiction into which the same would be unlawful or to U.S. Persons (within the meaning of Regulation S under the Securities Act of 1933, as amended (the "Securities Act").

This announcement is for information purposes only and does not constitute, or form part of, any offer to sell or issue or any solicitation of an offer to purchase or subscribe for Placing Shares or other securities in the capital of the Company in Australia, Canada, Japan or South Africa or in any jurisdiction in which such offer or solicitation is or may be unlawful and should not be relied upon in connection with any decision to acquire the Placing Shares or other securities in the capital of the Company. No public offer of securities of the Company is being made in the United Kingdom or elsewhere.

This announcement is not an offer of securities for sale in or into the United States. The Placing Shares have not been and will not be registered under the Securities Act or under the laws of any State of the United States and may not be offered or sold in or into the United States. No public offering of securities was made in the United States. The Placing Shares were offered and sold outside the United States to persons who are not U.S. Persons in reliance of Regulation S under the Securities Act.

JPMC, which is authorised and regulated by the Financial Services Authority, is acting exclusively for John Laing Investments Limited in connection with the secondary placing and no-one else and will not be responsible to anyone other than John Laing Investments Limited for providing the protections afforded to clients of JPMC nor for providing advice in relation to the secondary placing or any other matter referred to in this Announcement.