Signing of new credit facility

24 August 2015

John Laing Infrastructure Fund Limited

Signing of new five year £180 million multi-currency revolving credit facility

JLIF, the FTSE 250 international PPP infrastructure investment company, has entered into a five year £180 million Revolving Credit Facility with Royal Bank of Scotland plc ("RBS"), HSBC Bank plc ("HSBC"), ING Bank NV ("ING") and Commonwealth Bank of Australia ("CBA"). This facility replaces the existing £150 million facility with RBS, Lloyds TSB Bank plc and ING, with no cancellation fees payable.

The margin on the new facility is 1.75% over LIBOR making both the margin and associated commitment fees significantly lower than on the previous facility (previous margin of 2.30-2.75%, depending on the LTV ratio).

The new facility includes an additional £100 million accordion capability, on which no fees are payable until utilised, providing JLIF the flexibility to target larger transactions should they become available.

In keeping with JLIF's stated strategy, the facility is intended to be used primarily to fund acquisitions and would be repaid through equity issuance. Under its investment policy, JLIF has the ability to raise debt of up to 25% of its total assets, though it should be noted that this debt facility is intended to be additional resource and not structural financing.

Andrew Charlesworth, Investment Adviser to JLIF, said:

"Given current favourable market conditions, JLIF has taken the decision to refinance its revolving credit facility. This opportunity allows JLIF to secure a larger funding facility at materially lower costs providing the Fund with the capacity to move into its next phase of international growth. JLIF is looking forward to continuing the existing relationship that it has with RBS and ING and to developing new long term relationships with HSBC and CBA."

For further information, please contact:

John Laing Capital Management 0207 901 3326

Andrew Charlesworth

Finsbury 0207 251 3801

Faeth Birch

Philip Walters

JLIF is one of Europe's largest listed infrastructure funds, trading on the London Stock Exchange. As an equity stakeholder, JLIF partners with public sector counterparties across the world to deliver key local and national infrastructure projects. In return these provide government-backed, inflation-linked revenue streams to our business. JLIF's continued success is built on a collaborative approach, centred on long term relationships with its clients such that their changing infrastructure needs can be met in a timely and cost-effective manner.