GCP Infrastructure Investments Regulatory News (GCP)

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA

This announcement is not a prospectus. This announcement does not constitute or form part of, and should not be construed as, any offer or invitation to sell, issue, purchase or subscribe for, or any solicitation of any offer to sell, issue, purchase or subscribe for, any shares in the Company or securities in any other entity nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision in relation thereto. This announcement does not constitute a recommendation regarding any securities.

GCP Infrastructure Investments Limited (the "Company")

Successful fundraising of £144.4 million

12 October 2012

The Company is pleased to announce that it has successfully raised gross proceeds of £144.4 million, with £132.3 million raised through the Placing and Offer for Subscription of C Shares with an issue price of £1.00 per C Share (the "Issue") and £12.1 million raised through the arrangements for Switching*. The Issue was considerably oversubscribed and accordingly scaling back has been applied.

Application has been made for 132,300,000 C Shares and 11,969,698 Switching Ordinary Shares to be admitted to the Official List and to trading on the London Stock Exchange ("Admission"). It is expected that Admission will become effective and dealings in the C Shares and the Switching Ordinary Shares will commence on 17 October 2012.

Commenting on the fundraising, Ian Reeves CBE, Chairman, said:

"We are delighted to have raised funds significantly in excess of £80 million. The fundraise more than doubles the size of the Company and will allow the Master Fund to take advantage of an extensive pipeline of investment opportunities. The significant participation and interest in the fundraise by both new and existing investors demonstrates confidence in the Company and the quality of the Company's investment proposition."

Following Admission, the Company expects to have 132,594,882 Ordinary Shares and 132,300,000 C Shares in issue. The International Security Identification Number for the C Shares is JE00B8GM9429 and the TDIM is GCPS.

Oriel Securities Limited acted as financial adviser, sponsor and bookrunner.

* Based upon the NAVs of the Master Fund Income Shares, Master Fund Accumulation Shares and the Company's Ordinary Shares as at 9 October 2012 of 104.98 pence, 121.94 pence and 101.16 pence respectively.

END

Words and expressions that are defined in the prospectus published on 18 September 2012 by the Company shall have the same meanings where they are used in this announcement, except where the context requires otherwise.

This announcement is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States of America and the District of Columbia) (the "United States"), Australia, Canada, Japan or South Africa. This announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, any securities in the United States, Australia, Canada, Japan or South Africa. The securities of the Company have not been and will not be registered under the U.S. Securities Act of 1933 (the "Securities Act") and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The securities referred to herein have not been registered under the applicable securities laws of Australia, Canada, Japan or South Africa and, subject to certain exceptions, may not be offered or sold within Australia, Canada, Japan or South Africa or to any national, resident or citizen of Australia, Canada, Japan or South Africa.