Development in India

3i Infrastructure Ltd 12 April 2007 The Board of 3i Infrastructure Limited notes today's announcement by 3i Group plc and India Infrastructure Finance Company Limited ('IIFCL') of a strategic partnership dedicated to investing in infrastructure assets in India. Under the terms of the advisory agreement between 3i Infrastructure Limited and 3i Investments plc this arrangement will result in 3i Infrastructure Limited being offered the right to invest in the funds that are set up to implement this partnership. Peter Sedgwick, Chairman of 3i Infrastructure Limited, stated: 'An important part of 3i Infrastructure Limited's strategy, as set out in the recent Prospectus, is to invest in Asian infrastructure. This partnership will generate attractive opportunities to enable the Company to meet this objective.' Michael Queen, Managing Partner and Head of Infrastructure at 3i Investments plc, commented: 'This strategic partnership with IIFCL is an important step for 3i Infrastructure Limited providing further evidence of the ability of 3i Group's international network to deliver not just infrastructure investment opportunities but also strategic relationships which will be of long term benefit to 3i Infrastructure Limited's shareholders.' This information is provided by RNS The company news service from the London Stock Exchange
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