HICL Infrastructure Company Limited – Investments Update

4 April 2019 Investments

HICL Infrastructure Company Limited, the listed infrastructure investment company, is pleased to confirm that two previously announced investments have now been completed and form part of the Group’s portfolio.

In the Company’s Prospectus of February 2013, one of the Conditional Investments was the proposed acquisition of a 29.2% equity & loan note interest in the Bradford Schools BSF (Phase I) project.  The project is a 27 year concession for the design, construction, financing and operation of three new secondary schools (Buttershaw High School, Salt Grammar School and Tong School), along with routine and major lifecycle maintenance for the life of the concession.  The client is the City of Bradford Metropolitan District Council.  This transaction, together with the investment in the PPP desalination project in Australia, have now successfully been completed, and the Group’s portfolio now comprises 96 investments

 As a result of recent investment activity funded from the Group’s revolving debt facility, the Company has a current net funding requirement of around £50m.

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