International Public Partnerships : Three Year Extension to Corporate Debt Facility

RNS Number : 3293T International Public Partnership Ld 03 July 2018

INPP EXTENDS CORPORATE DEBT FACILITY FOR FURTHER THREE YEARS ON MORE FAVOURABLE TERMS

3 July 2018

Interna onal Public Partnerships ('the Company', 'INPP'), the listed infrastructure investment company, is pleased to announce that it has successfully revised the terms of its corporate debt facility, renewing the facility for a further three years to July 2021 to support its future pipeline.

The exis ng facility of £400 million, due to expire in November 2019, has been extended to July 2021 on improved terms including:

• ·the margin on cash drawn amounts of the facility has reduced from 175bps to 165bps over Libor;

• ·a ratchet mechanism on the commitment fee such that the fee falls from 80bps to 60bps when the facility is more than 75% utilised; and

• ·the facility now features an 'accordion' facility which will allow for a future extension of the facility by a further £150 million during the term if required, allowing additional flexibility.

The banking group for the exis ng facility will be retained, with the poten al to introduce new lenders should the accordion component be exercised. These include Na onal Australia Bank, Royal Bank of Scotland International, Sumitomo Mitsui Banking Corporation and Barclays Bank.

At 29 June 2018, the Company had u lised £26 million of the credit available to it under its corporate debt facility, leaving £374 million of the £400 million facility available. Of this c.£255 million is currently commi;ed to fund existing investment commitments including Dudgeon Offshore Transmission Project ('OFTO'), on which the Company is currently the preferred bidder, and further investments into Cadent, digital infrastructure, and the Offenbach Police Headquarters in Germany.

ENDS

For further information:

Erica Sibree/Amy Joslin

[phone]/0587

Amber Fund Management LimitedHugh Jonathan Numis Securities

[phone]

Ed Berry/Mitch Barltrop FTI Consulting

[phone]/1039

About International Public Partnerships (INPP):

Interna onal Public Partnerships ('INPP') is a listed infrastructure investment company which invests in global public infrastructure projects.

Listed in 2006, INPP is a long-term investor in129 infrastructure projects, including schools, hospitals, courts, police headquarters, transport and u lity and transmission projects in the UK, Europe, Australia and North America. INPP seeks to provide its shareholders with both a long-term yield and capital growth through investment across both construction and operational phases typically of 25-40 year concessions.

Amber Infrastructure Group ('Amber') is the Investment Adviser to INPP and consists over 100 dedicated staff who manage, advise on and originate investments for INPP.

Visit the INPP website atwww.internationalpublicpartnerships.comfor more information.

Important information

This announcement contains informa on that is inside informa on for the purposes of the Market Abuse Regulation (EU) No. 596/2014.

This announcement is an adver sement. It does not cons tute a prospectus rela ng to the Company and does not cons tute, or form part of, any offer or invita on to sell or issue, or any solicita on of any offer to purchase or subscribe for, any shares in the Company in any jurisdic on nor shall it, or any part of it, or the fact of its distribu on, form the basis of, or be relied on in connec on with or act as any inducement to enter into, anycontract therefor.

Forward-looking statements are subject to risks and uncertain es and accordingly the Company's actual future financial results and opera onal performance may differ materially from the results and performance expressed in, or implied by, the statements. These forward-looking statements speak only as at the date of this announcement. The Company, Amber and Numis Securi es expressly disclaim any obliga on or undertaking to update or revise any forward-looking statements contained herein to reflect actual results or any change in the assump ons, condi ons or circumstances on which any such statements are based unless required to do so by the Financial Services and Markets Act 2000, the Prospectus Rules of the Financial Conduct Authority or other applicable laws, regulations or rules.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please [e-mail] visitwww.rns.com.

END

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