GCP Infrastructure Investments Limited

("GCP Infra" or the "Company")

LEI 213800W64MNATSIV5Z47

Quarterly investor update

18 February 2025

GCP Infra is pleased to announce the publication of its investor report, which is available at www.gcpinfra.co.uk.

At 31 December 2024:

·  The net asset value was, as previously announced, 105.18 pence per ordinary share;

·  The Company was exposed to a diversified and partially inflation protected portfolio of 50   

    investments with an unaudited valuation of £1.0 billion; and

·  The portfolio had a weight-adjusted average annualised yield of 7.9%, principal outstanding

    of £1.0 billion and an average life of 10 years.

Capital allocation

The Board of Directors of the Company reconfirmed its commitment to the Capital Allocation Policy in its 2024 Annual Report and financial statements, continuing to prioritise a material reduction in leverage, as well as reducing equity-like exposures and exposures in certain sectors, whilst also facilitating the return of £50 million of capital to shareholders.

During the quarter the Company completed the disposal of a portfolio of rooftop solar assets installed on domestic properties in the UK at the prevailing valuation, generating proceeds of £6.8 million. On 30 January 2025, the Company also announced it had disposed of its interest in two operational onshore wind farms, generating day one cash proceeds of c. £16.5 million, with a further c. £1.3 million of deferred proceeds, and c. £1.0 million of tax benefits released.

Annual results

On 12 December 2024, the Company published its audited annual results for the year ended 30 September 2024. The full annual report and financial statements can be accessed via the Company's website: www.gcpinfra.co.uk.  

For further information, please contact:

Notes to the Editor

About GCP Infra

GCP Infra is a closed-ended investment company and FTSE-250 constituent, its shares are traded on the main market of the London Stock Exchange. The Company's objective is to provide shareholders with regular, sustained, long-term distributions and to preserve capital over the long term by generating exposure to UK infrastructure debt and related and/or similar assets.

The Company primarily targets investments in infrastructure projects with long term, public sector-backed, availability-based revenues. Where possible, investments are structured to benefit from partial inflation protection. GCP Infra is advised by Gravis Capital Management Limited.

GCP Infra has been awarded with the London Stock Exchange's Green Economy Mark in recognition of its contribution to positive environmental outcomes.