HICL Infrastructure PLC

"HICL" or the "Company" and, together with its subsidiaries, the "Group", the London-listed infrastructure investment company managed by InfraRed Capital Partners Limited ("InfraRed" or the "Investment Manager").

Appointment of New Director

The HICL Board is pleased to announce the appointment of Graham Sutherland as a non-executive director, with effect from 21 May 2025. This appointment has been made following a comprehensive search carried out by a third-party recruitment consultant.

Graham is currently Group Chief Executive Officer of FirstGroup plc, a FTSE250 listed transport company with £4.7bn of revenues and around 30,000 employees. Previously he was Chief Executive Officer of KCOM Group plc, a LSE-listed telecommunications company. Graham also held a number of senior executive roles within BT Group plc over twelve years. These included Chief Executive Officer of BT Business and Public Sector, where he led the integration of EE's business unit, creating a division with £4.6bn in revenues and 13,000 employees. Graham was also Chief Executive Officer at BT Ireland where he was responsible for all consumer, business and network activities. Prior to BT Group plc, he was Chief Executive Officer of NTL Ireland and has also held senior financial roles including at Bombardier Aerospace.

Graham has an established record in strategic development, as well as delivering enhanced financial and operational performance and engaging a diverse range of stakeholders including consumer, business and public sector customers.

Mike Bane, Chair of HICL, said: "I am delighted to welcome Graham to HICL. I am confident that his experience as a leader of operating infrastructure businesses will strengthen the board and deliver value for shareholders."

Graham has a beneficial interest in 87,220 shares of the Company at the date of this announcement.

There is no further information to be disclosed under Listing Rule 6.4.8R.

Enquiries

InfraRed Capital Partners Limited                                            +44 (0) 20 7484 1800 / [email protected]

Edward Hunt

Mark Tiner

Mohammed Zaheer

Brunswick                                                                           +44 (0) 20 7404 5959 / [email protected]

Sofie Brewis

Investec Bank plc                                                                                                             +44(0) 20 7597 4952

David Yovichic

RBC Capital Markets                                                                                                       +44 (0) 20 7653 4000

Matthew Coakes

Elizabeth Evans

Aztec Financial Services (UK) Limited                                                                    +44(0) 203 818 0246

Chris Copperwaite

Sarah Felmingham

HICL Infrastructure PLC

HICL Infrastructure PLC ("HICL") is a long-term investor in infrastructure assets which are predominantly operational and yielding steady returns. It was the first infrastructure investment company to be listed on the London Stock Exchange.

With a current portfolio of over 100 infrastructure investments, HICL is seeking further suitable opportunities in core infrastructure, which are inherently positioned at the lower end of the risk spectrum.

Further details can be found on the HICL website www.hicl.com.

Investment Manager (InfraRed Capital Partners)

The Investment Manager to HICL is InfraRed Capital Partners Limited ("InfraRed") which has successfully invested in infrastructure projects since 1997. InfraRed is a leading international investment manager, operating worldwide from offices in London, New York, Seoul, Madrid and Sydney and managing equity capital in multiple private and listed funds, primarily for institutional investors across the globe. InfraRed is authorised and regulated by the Financial Conduct Authority.

The infrastructure investment team at InfraRed consists of over 100 investment professionals, all with an infrastructure investment background and a broad range of relevant skills, including private equity, structured finance, construction, renewable energy and facilities management.

InfraRed implements best-in-class practices to underpin asset management and investment decisions, promotes ethical behaviour and has established community engagement initiatives to support good causes in the wider community. InfraRed is a signatory of the Principles of Responsible Investment.

Further details can be found on InfraRed's website www.ircp.com.