Publication of HICL's 2021 Sustainability Report

1 June 2021

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".)

Publication of HICL's 2021 Sustainability Report

The Board of HICL is pleased to announce the publication of the Company's 2021 Sustainability Report.

HICL is a long-term investor in core infrastructure: assets which, by their nature, are essential to the day-to-day lives of the communities that rely upon them. Embracing the responsibilities that HICL has to a wide range of stakeholders is therefore central to delivering the Company's investment proposition to shareholders over the long term. The Board and the Company's Investment Manager, InfraRed, are united in this perspective and share a commitment to ensuring that HICL's sustainability strategy delivers tangible outcomes.

The Sustainability Report is available on HICL's website and includes a review of our sustainability performance; details of the climate change impact assessment that was undertaken on the Company's portfolio; illustration of HICL's commitment in action via case studies; and an outline of next steps.

Ian Russell, Chairman of the Board, said:

"Providing well-maintained core infrastructure for communities, which also generates sustainable income for shareholders over the long-term, sits at the heart of HICL's Investment Proposition.

"The Board of HICL takes commitment to Environmental, Social and Governance considerations very seriously. The detail in the Report represents a step-change in disclosure which highlights the Company's significant progress against its sustainability strategy. This Report demonstrates the Company's intention to provide leadership on sustainability matters across the infrastructure sector."

Harry Seekings, Head of Infrastructure at InfraRed, said:

"InfraRed strives to be a responsible investment manager, and to develop and manage long-term, sustainable infrastructure.

"We can only achieve long-term success for all stakeholders, including investors, by taking ownership of the environmental, social and governance outcomes across HICL's portfolio. The Investment Manager shares the HICL Board's commitment to embracing sustainability best practice."

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Enquiries

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

Harry Seekings

Keith Pickard

Edward Hunt

Kirsty MacCallum

Teneo                                                                                   +44 (0) 20 3757 9257 / +44 (0) 79 1278 3513

Haya Herbert-Burns

Jesse Mathews

Investec Bank plc                                                             +44 (0) 20 7597 4952

David Yovichic

RBC Capital Markets                                                       +44 (0) 20 7653 4000

Matthew Coakes

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 116 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 over 200 infrastructure projects since 1997. InfraRed is a leading international investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, New York, Mexico City, Seoul and Sydney. With over 190 professionals, it manages 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.