NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO US PERSONS OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY MEMBER STATE OF THE EEA (WITH THE EXCEPTION OF THE REPUBLIC OF IRELAND) OR INTO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

This Announcement has been determined to contain inside information for the purposes of the UK version of the market abuse regulation (EU) No.596/2014.

LEI: 213800T8RBBWZQ7FTF84

Cordiant Digital Infrastructure Limited

Result of Placing and Total Voting Rights

25 January 2022

Cordiant Digital Infrastructure Limited (the "Company") is pleased to announce that it has successfully raised gross proceeds of £200 million through the placing of 188,679,245 new Ordinary Shares at a Placing Price of 106 pence per new Ordinary Share under the Company's Placing Programme.

Total applications exceeded the gross proceeds accepted and therefore a scaling back exercise has taken place. The net proceeds of the Placing will be used to fully finance the acquisition of Emitel.

Shonaid Jemmett-Page, Chairman of the Company, said:

"The Board is grateful for the support from existing and new investors in this capital raise, recognising the current volatile market conditions. The proceeds will be put to work against the Emitel acquisition.

Steve Marshall, Chairman of Cordiant Digital Infrastructure Management, said:

"The completion of the acquisition of Emitel, with the proceeds of the capital raise, will result in an assembled portfolio with strong cash flow generation and attractive growth opportunities. We will continue to explore opportunities to expand the portfolio over time across the UK, Europe and North America."

Application will be made for 188,679,245 Ordinary Shares to be admitted to trading on the Specialist Fund Segment of the London Stock Exchange's Main Market ("Admission"). It is expected that Admission will become effective and that dealings will commence in the new Ordinary Shares at 8.00 a.m. on 27 January 2022.

Investec Bank plc ("Investec") and Jefferies International Limited ("Jefferies UK") and Jefferies GmbH ("Jefferies EU" and together with Jefferies UK, "Jefferies") are acting as joint financial advisers, joint global co-ordinators and joint bookrunners to the Company in connection with the Placing.

Total Voting Rights

Immediately following Admission there will be 773,168,937 Ordinary Shares in issue, each of which carries one voting right. In addition, the Company has 6,554,528 subscription shares or no par value in issue, with no voting rights attached.  No shares are held in treasury. Therefore, the total number of voting rights in the Company is 773,168,937. Shareholders should use 773,168,937 as the denominator for the calculations by which they will determine whether they are required to notify their interest, or a change to their interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules.

Unless otherwise defined, capitalised terms used in this Announcement shall have the same meaning as set out in the Prospectus or in the Company's announcement, relating to the Placing, dated 5 January 2022.

Enquiries:

For further information, please contact:

Notes to Editors:

Cordiant Digital Infrastructure Limited primarily invests in the core infrastructure of the digital economy - data centres, fibreoptic networks and broadcast and telecommunication towers - "the plumbing of the internet" - in the UK, Europe and North America. Further details of the Company can be found on the Company's website at www.cordiantdigitaltrust.com.

Cordiant Capital Inc., the Company's investment manager, is a sector-focused investment manager with particular expertise and experience in digital infrastructure. Cordiant invests in global infrastructure and real assets, running infrastructure private equity and infrastructure private credit strategies through limited partnership funds and managed accounts. Cordiant's current client base consists of global insurance companies, pension plans and family offices.

Important Information

This Announcement is not an offer to sell or a solicitation of any offer to buy the Ordinary Shares in the Company in the United States, Australia, Canada, the Republic of South Africa, Japan, or any member state of the EEA (with the exception of the Republic of Ireland) or in any other jurisdiction where such offer or sale would be unlawful.

This communication is not for publication or distribution, directly or indirectly, in or into the United States of America. This communication is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

The Company has not been and will not be registered under the U.S. Investment Company Act of 1940 (the "Investment Company Act") and, as such, holders of the Ordinary Shares will not be entitled to the benefits of the Investment Company Act.  No offer, sale, resale, pledge, delivery, distribution or transfer of the Ordinary Shares may be made except under circumstances that will not result in the Company being required to register as an investment company under the Investment Company Act.

The information and opinions contained in this Announcement are provided as at the date of this Announcement and are subject to change and no representation or warranty, express or implied, is or will be made in relation to the accuracy or completeness of the information contained herein and no responsibility, obligation or liability or duty (whether direct or indirect, in contract, tort or otherwise) is or will be accepted by the Company, the Investment Manager, Investec, Jefferies or any of their affiliates or by any of their respective officers, employees or agents in relation to it. No reliance may be placed for any purpose whatsoever on the information or opinions contained in this Announcement or on its completeness, accuracy or fairness. This Announcement has not been approved by any competent regulatory or supervisory authority.

The information in this Announcement may include forward-looking statements, which are based on the current expectations and projections about future events and in certain cases can be identified by the use of terms such as "may", "will", "should", "expect", "anticipate", "project", "estimate", "intend", "continue", "target", "believe" (or the negatives thereon) or other variations thereon or comparable terminology. These forward-looking statements, as well as those included in any related materials, are subject to risks, uncertainties and assumptions about the Company, including, among other things, the development of its business, trends in its operating industry, and future capital expenditures and acquisitions.  In light of these risks, uncertainties and assumptions, the events in the forward-looking statements may not occur.

Each of the Company, the Investment Manager, Investec, Jefferies and their affiliates and their respective officers, employees and agents expressly disclaim any and all liability which may be based on this Announcement and any errors therein or omissions therefrom.

This Announcement does not constitute or form part of, and should not be construed as, any offer or invitation or inducement for sale, transfer or subscription of, or any solicitation of any offer or invitation to buy or subscribe for or to underwrite, any share in the Company or to engage in investment activity (as defined by the Financial Services and Markets Act 2000) in any jurisdiction 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 whatsoever, in any jurisdiction. This Announcement does not constitute a recommendation regarding any securities.

Investec is authorised by the Prudential Regulation Authority and regulated in the United Kingdom by the Financial Conduct Authority and the Prudential Regulatory Authority. Investec is acting for the Company and no one else in connection with the Placing, and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Investec or for affording advice in relation to any transaction or arrangement referred to in this Announcement. This Announcement does not constitute any form of financial opinion or recommendation on the part of Investec or any of its affiliates and is not intended to be an offer, or the solicitation of any offer, to buy or sell any securities.

Jefferies UK is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Jefferies EU is registered in Germany and authorised and regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht. Jefferies is acting for the Company and no one else in connection with the Placing, and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Jefferies or for affording advice in relation to any transaction or arrangement referred to in this Announcement. This Announcement does not constitute any form of financial opinion or recommendation on the part of Jefferies or any of its affiliates and is not intended to be an offer, or the solicitation of any offer, to buy or sell any securities.