23 October 2025

2025 Second Interim Dividend

The Board of International Public Partnerships Limited ('INPP', 'the Company'), the FTSE 250 listed infrastructure investment company, is pleased to declare the following distribution:

Increase in dividend frequency

As part of a package of portfolio optimisation measures, the Company previously announced an increase in the frequency of its dividend payments from six-monthly to quarterly, in order to provide investors with a more regular income stream. This is the second dividend to be declared under the new quarterly payment frequency. 

2025 and 2026 dividend targets

The Board continues to forecast a long-term projected annual dividend growth rate of c.2.5% and reconfirms that the 2025 and 2026 annual dividend targets are 8.58 pence per share and 8.79 pence per share respectively. The target dividend growth rate is determined by taking into account the Company's ambitions to sustainably grow dividends over the long term whilst providing full dividend cash coverage.

Note: The above distribution guidance is provided by the Company in consultation with its Investment Adviser as a target only and is not a profit forecast. There can be no assurance that this target will be met or that the Company will make any distributions whatsoever. The times and dates in this announcement are expected times and dates only and are subject to change. The Board will continue to review whether scrip dividends are appropriate for future dividends. Any such changes will be notified to shareholders through a regulatory information service.

For further information:

About International Public Partnerships ('INPP'):

INPP is a listed infrastructure investment company that invests in global public infrastructure projects and businesses, which meets societal and environmental needs, both now, and into the future.

INPP is a responsible, long-term investor in over 140 infrastructure projects and businesses. The portfolio consists of utility and transmission, transport, education, health, justice and digital infrastructure projects and businesses, in the UK, Europe, Australia, New Zealand and North America. INPP seeks to provide its shareholders with both a long-term yield and capital growth.

Amber Infrastructure Group ('Amber') is the Investment Adviser to INPP and in this capacity is responsible for investment origination, asset management and fund management of the Company.

Amber is part of Boyd Watterson Global Asset Management Group LLC, a global diversified infrastructure, real estate and fixed income business with over $36 billion in assets under management and over 300 employees with offices in eight US cities and presence in twelve countries.

Visit the INPP website at www.internationalpublicpartnerships.com for more information.