Holding(s) in Company

Form TR-1 with annex. FSA Version 2.1 updated April 2007

For filings with the FSA include the annex  
                                            
For filings with issuer exclude the annex   

TR-1: Notifications of Major Interests in Shares                               

1. Identity of the issuer or the underlying       HSBC Infrastructure Company  
issuer of existing shares to which voting                   Limited            
rights are attached:                                                           
                                                                               
2. Reason for notification (yes/no)                                            
                                                                               
An acquisition or disposal of voting rights                             Yes    
                                                                               
An acquisition or disposal of financial instruments which may result           
in the acquisition of shares already issued to which voting rights             
are attached                                                                   
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify):                                                        
                                                                               
3. Full name of person(s)                    Lloyds TSB Group Plc              
subject to notification                                                        
obligation:                                                                    
                                                                               
4. Full name of shareholder(s)                 Ward Nominees Ltd               
(if different from 3):                                                         
                                           State Street Nominees Ltd           
                                                                               
5. Date of transaction (and                   6th September 2007               
date on which the threshold is                                                 
crossed or reached if                                                          
different):                                                                    
                                                                               
6. Date on which issuer                       7th September 2007               
notified:                                                                      
                                                                               
7. Threshold(s) that is/are                     Fallen below 6%                
crossed or reached:                                                            

8: Notified Details                                                           
                                                                              
A: Voting rights attached to shares                                           
                                                                              
Class/type Situation previous  Resulting situation after the triggering       
of shares  to the triggering   transaction                                    
           transaction                                                        
If                                                                            
possible                                                                      
use ISIN                                                                      
code                                                                          

Number of Number of  Number of  Number of voting    Percentage of voting  
shares    voting     shares     rights              rights                
          rights                                                          
                                Direct     Indirect Direct       Indirect 
                                                                          
 B0T4LH6  15,783,991 15,783,991 14,922,498    0     14,922,498 0   5.969  
   Ord                                                                    
GBP0.0001                                                                 

B: Financial Instruments                                                       
                                                                               
Resulting situation after the triggering transaction                           
                                                                               
Type of        Expiration     Exercise/       No. of voting      Percentage of 
financial      date           conversion      rights that may be voting rights 
instrument                    period/date     acquired (if the                 
                                              instrument                       
                                              exercised/                       
                                              converted)                       
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                 Percentage of voting rights            
                                                                               
              14,922,498                                 5.969                 

9. Chain of controlled undertakings through which the voting rights and /or the
financial instruments are effectively held, if applicable:                     
                                                                               
11,195 Shares are held by Ward Nominees Ltd, a wholly owned subsidiary of      
Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group Plc.        
                                                                               
14,911,303 Shares are held by State Street Nominees Ltd. Shares are under the  
control of Scottish Widows Investment Partnership Ltd, a wholly owned          
subsidiary of Scottish Widows Investment Partnership Group Ltd, a wholly owned 
subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds   
TSB Bank plc, a wholly owned subsidiary of Lloyds TSB Group Plc.               

Proxy Voting:                                                                  
                                                                               
10. Name of proxy holder:                                                      
                                                                               
11. Number of voting rights proxy                                              
holder will cease to hold:                                                     
                                                                               
12. Date on which proxy holder will                                            
cease to hold voting rights:                                                   

13. Additional information:                                                    
                                                                               
14 Contact name:                                       Alex Bysh               
                                                                               
15. Contact telephone name:                       [phone]          

For notes on how to complete form TR-1 please see the FSA website.

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in shares                               

A: Identity of the persons or legal entity subject to the notification         
obligation                                                                     
                                                                               
Full name                               Lloyds TSB Group Plc                   
                                                                               
(including legal form of legal                                                 
entities)                                                                      
                                                                               
Contact address                         Henry Duncan House                     
                                        120 George Street                      
(registered office for legal entities)  Edinburgh                              
                                        EH2 4LH                                
                                                                               
Phone number & email                    [phone]                   
                                                                               
Other useful information                                                       
                                                                               
(at least legal representative for                                             
legal persons)                                                                 

B: Identity of the notifier, if applicable                                     
                                                                               
Full name                               Lloyds TSB Central Disclosure Unit     
                                                                               
Contact address                         2nd Floor                              
                                                                               
                                        31/33 Perrymount Road                  
                                                                               
                                        Haywards Heath                         
                                                                               
                                        West Sussex                            
                                                                               
                                        RH16 3SP                               
                                                                               
Phone number & email                    [phone]                    
                                                                               
                                        [e-mail]             
                                                                               
Other useful information                                                       
                                                                               
(e.g. functional relationship with the                                         
person or legal entity subject to the                                          
notification obligation)                                                       

C: Additional information