International Public Partnerships : Appointment of Michael Gerrard

RNS Number : 7438Z International Public Partnership Ld 04 September 2018

APPOINTMENT OF MICHAEL GERRARD AS INDEPENDENT NON-EXECUTIVE DIRECTOR AND PROSPECTIVE

CHAIRMAN

4 September 2018

Interna onal Public Partnerships, the listed infrastructure investment company ('the Company', 'INPP'), is pleased to announce the appointment of Mr. Michael Gerrard as an independent non-execu ve director. It is an cipated that Mr. Gerrard will become Chairman following Mr. Rupert Dorey's planned re rement from the Board of Directors (the 'Board') on 31 December 2018.

Mr. Gerrard's appointment follows a rigorous, externally-facilitated selec on process managed by the Board's independent non-execu ve directors. Mr. Gerrard brings over 30 years of technical and financial experience in global infrastructure investment.

Mr. Rupert Dorey, Chairman of Interna%onal Public Partnerships, said:"Mike is a highly experienced and respected figure within the infrastructure industry. He has worked on some of the most significant infrastructure projects and programmes delivered in the UK and globally over the last thirty years. These include the introduc on of private finance into the UK's energy, social infrastructure, environmental and transport sectors. Much of his work has been at the boundary between the private and public sectors, where value is created for both investors and the users of infrastructure assets. We welcome Mike to the Board and as my successor as Chairman at the end of the year."

Mr. Michael Gerrard, new independent non-execu%ve director said:"I am delighted to be joining the board of INPP. The Company has an impressive track record in the origina on and stewardship of high-quality infrastructure investments. It embraces the principles and prac ces that underpin successful long-term working rela onships between private capital and public services. The Company's ethos aligns closely with my own experience and approach to working in partnership with the investors, governments and communi es which we serve. I look forward to helping the business continue to thrive."

In addi on, the Board notes that Mr. John Le Poidevin, who has been a director of the Company since 2016 is appointed as Chairman of the Audit and Risk Commi=ee with effect from 1 July 2018. Mr. Poidevin is a qualified accountant and a former partner of BDO LLP. He assumes this role from Mr. John Whi=le, who has served in the position for the past four years. Mr. Whittle will remain the Senior Independent Director of the Board.

In accordance with Lis ng Rule 9.6.13, Mr Gerrard has advised the Company that he is not currently a director of any publically quoted company, nor has he held any such position within the last five years.

ENDS.

Notes to Editors:

Mike Gerrard has spent most of his career in the development, delivery and management of infrastructure investments. Currently, he is chair of the programme coordina on board for the expansion of Heathrow airport and a member of the investment commi=ee for two unlisted infrastructure funds managed by Impax Asset Management Limited. He also currently leads an independent affordability review of Crossrail 2 for the Government and Greater London Authority.

He has held senior posi ons in infrastructure finance for Canadian U li es Limited working on investments in the UK and South Asia; and later led a major financing in Middle East. He was a director of HM Treasury Taskforce and deputy CEO and later CEO of Partnerships UK plc.

He led the Thames Tideway Tunnel project for Thames Water Utilities Limited as a managing director.

He originally trained in engineering with BP and in investment banking with Morgan Grenfell. His qualifica ons include an MBA from the London Business School and a fellowship of the Institution of Civil Engineers.

For further information:

Erica Sibree +44 (0)20 7939 0558

Amber Fund Management Limited

Hugh Jonathan +44 (0)20 7260 1263/1275 Numis Securities

Ed Berry/Mitch Barltrop +44 (0) 20 3727 1046/1039 FTI Consulting

About International Public Partnerships (INPP):

Interna onal Public Partnerships ('INPP') is a listed infrastructure investment company which invests in global public infrastructure projects developed under the public private partnerships ('PPP'), private finance ini a ve ('PFI'), regulated asset and other similar procurement methods.

Listed in 2006, INPP is a long-term investor in 129 social and transport infrastructure projects, including schools, hospitals, courts, police headquarters, transport and u lity and transmission projects in the UK, Europe, Australia and North America. INPP seeks to provide its shareholders with both a long-term yield and capital growth through investment across both construction and operational phases typically of 25-40 year concessions.

Amber Infrastructure Group ('Amber') is the Investment Adviser to INPP and consists over 100 dedicated staff who manage, advise on and originate investments for INPP.

Visit the INPP website atwww.internationalpublicpartnerships.comfor more information.

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