The Board of HICL Infrastructure Company Limited remains confident that the target aggregate dividend per share of 7.45 pence for the financial year to March 31, 2016, a 0.15 pence per share increase on the 2014-2015 financial year, can be achieved.

With effect from March 1, 2016, Graham Picken shall stand down as Chairman to be succeeded by Ian Russell, who has been a member of the Board for over two years. Frank Nelson will become the Senior Independent Director, replacing John Hallam. Graham and John will continue in their roles as the Chairman and the Senior Independent Director respectively until that date, to allow for an orderly handover of responsibilities. Both intend to stand down from the board of directors by no later than June 30, 2016. In addition to the foregoing, the following changes will occur to the Committees of the Board, effective from August 1, 2015. Sarah Evans will become the Chair of the Audit Committee, replacing John Hallam; Sally-Ann Farnon will become the Chair of the Risk Committee, replacing Ian Russell; Frank Nelson will become the Chair of the Management Engagement Committee, replacing Sarah Evans; and Ian Russell will become the Chair of the Nomination Committee, replacing Graham Picken, effective from March 1, 2016. Chris Russell will continue as the Chair of the Remuneration Committee and, effective from March 1, 2016, will join the Boards of Managers of the two Luxembourg subsidiaries, replacing Sarah Evans.