Holding(s) in Company

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

HSBC Infrastructure Company Limited

2. Reason for the notification                                  State          
                                                                Yes/No         
                                                                               
An acquisition or disposal of voting rights                      Yes           
                                                                               
An acquisition or disposal of financial instruments               NO           
which may result in the                                                        
acquisition of shares already issued to which voting                           
rights are attached                                                            
                                                                               
An event changing the breakdown of voting rights                  NO           
                                                                               
Other (please specify): Requirement to Disclose                   NO           

3. Full name of person(s) subject to the notification CCLA Investment          
obligation (iii):                                     Management Limited       
                                                                               
4. Full name of shareholder(s) (if different from 3.) COIF Charities Investment
(iv):                                                 Fund                     
                                                                               
                                                      CBF Church of England    
                                                      Investment Fund          
                                                                               
5. Date of the transaction (and date on which the     16 May 2008              
threshold is crossed                                                           
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                     19 May 2008              
                                                                               
7. Threshold(s) that is/are crossed or reached:       5%                       
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

Class/type of  Situation previous   Resulting situation after the triggering   
    shares             to                       transaction (vii)              
 if possible     the Triggering                                                
using the ISIN  transaction (vi)                                               
     CODE                                                                      
                                                                               
                Number   Number    Number  Number of voting     % of voting    
                  of       of        of       rights (ix)          rights      
                Shares   Voting    shares                                      
                         Rights                                                
                         (viii)                                                
                                                                               
                                   Direct   Direct  Indirect  Direct  Indirect 
                                             (x)      (xi)                     
                                                                               
Ordinary          6     6 million    6       NIL       6       NIL      2.4%   
Shares Sedol   million            million           million                    
BOT4LH6                                                                        
                                                                               
C Shares Sedol   NIL       NIL       20      NIL       20      NIL     7.34%** 
                                  million           million                    
B2R0158                                                                        
                                                                               
 ** The total % of C Shares held is 19.23% but when considered as a percentage 
of the total voting rights this reduces to 7.34% of both C Shares and Ordinary 
          Shares (Total issued share capital we understand is £354m)           

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

   Type of     Expiration       Exercise/        Number of voting       % of   
  financial    date (xiii)      Conversion      rights that may be     voting  
 instrument                 Period/ Date (xiv)    acquired if the      rights  
                                                    instrument                 
                                                   is exercised/               
                                                     converted                 
                                                                               
     Not                                                                       
 Applicable                                                                    

Total (A+B)                             18,151,617                             
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
26 million                              7.345%                                 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):

Not Applicable                                                                 

Proxy Voting:


10. Name of the proxy holder:                                 COIF Charities   
                                                              Investment Fund  
                                                              (50%)            
                                                                               
                                                              CBF Church of    
                                                              England          
                                                              Investment Fund  
                                                              (50%)            
                                                                               
11. Number of voting rights proxy holder will cease to hold:  Not applicable as
                                                              holding has      
                                                              increased        
                                                                               
12. Date on which proxy holder will cease to hold voting      Not applicable as
rights:                                                       holding has      
                                                              increased        

13. Additional information:                                                    
                                                                               
14. Contact name:                                             Jackie Fox       
                                                                               
15. Contact telephone number:                                 0207 489 6046