Pre-close period briefing

3i Infrastructure Ltd
01 April 2008



1 April 2008




3i Infrastructure Limited - Pre-close period briefing

3i Infrastructure Limited ('3i Infrastructure', or 'the Company'), an investment
company focusing on infrastructure investment opportunities globally, today
provides a pre-close period update ahead of its results for the extended period
from 16 January 2007 to 31 March 2008.

Peter Sedgwick, Chairman of 3i Infrastructure, said: '3i Infrastructure is now
firmly on track towards achieving the targets set out at its IPO. The assets in
the Company's portfolio are generating returns in line with expectations and the
Board is encouraged by the quality of the investment opportunities presented by
the Investment Adviser.'

Michael Queen, Managing Partner for Infrastructure, 3i Investments plc, added: 
'3i Infrastructure is on target towards fully investing its IPO proceeds within
two years of admission to listing. The Investment Advisory team remains focused
on high-quality assets and those that offer resilience in difficult market
conditions.'



1.      Investments

3i Infrastructure has invested a total of £444 million in the period to 31 March
2008. Including undrawn commitments, the Company has now invested or committed
£613 million, representing 88% of the net proceeds raised at IPO.

Investment activity since 29 January 2008, the date of the Company's most recent
Interim Management Statement, relates to the following investments:

Novera Energy plc: On 18 February 2008, 3i Infrastructure confirmed that it had
approached the board of Novera Energy plc ('Novera'), an established UK-focused
renewable energy company which generates electricity from wind, waste and
landfill gas, and that it was considering (through Harrier Acquisitions Limited,
a newly-incorporated wholly-owned subsidiary) a possible cash offer for the
entire issued and to be issued share capital of Novera at a price of 90 pence
per share. A formal offer for Novera has not been made by the Company. On 18
February 2008, 3i Infrastructure purchased 12.4 million Novera shares, a 10.0%
holding, at a price of 90 pence per share, for a total consideration of £11.2
million.

Alma Mater Fund:  As set out in 3i Infrastructure's Prospectus, the Company was
granted an option by 3i Group plc ('3i Group') to acquire all of 3i Group's
limited partnership interest in the Alma Mater Fund, which is active in the
design, construction, financing and operation of university accommodation
facilities in the UK. On 31 March 2008, the Company acquired this limited
partnership interest at a price of £25.0 million, following an independent
valuation performed by KPMG LLP.


Infrastructure Investors LP ('I2'): A further £8.7 million of investment has
been made into I2, a leading investor in secondary PFI projects.

3i India Infrastructure Fund:  On 27 March 2008, 3i Group announced that
fundraising for the 3i India Infrastructure Fund ('the Fund'), to which the
Company has committed an amount of US$250 million, had exceeded its US$1.0
billion target. As new investors have been admitted into the Fund, part of the
amount drawn down from 3i Infrastructure was returned to the Company in order to
apportion the Fund's investments proportionately between all investors, based on
each investor's commitment to the Fund. The amount returned, which totalled
US$89.7 million (£45 million) at 31 March 2008, will remain committed to the
Fund and available for draw down as and when new investments are to be made by
the Fund. Additional amounts may be returned to the Company as and when new
investors commit to the Fund before or at its final close.


2.      Returns

The assets in 3i Infrastructure's portfolio are continuing to perform in line
with the Company's return objectives.  An important element in the determination
of the results for the period to 31 March 2008 will be the valuation exercise
being carried out on the investment portfolio as at that date.

3i Infrastructure will issue results for the extended period from 16 January
2007, the date of the Company's incorporation, to 31 March 2008, including the
net asset value as at 31 March 2008, in early June 2008.


3.      Raising of debt capital

On 28 March 2008 the Company signed a three-year, £225 million revolving credit
facility with a syndicate of four major European banks. This facility will allow
3i Infrastructure to continue investing as it approaches the full commitment of
its IPO proceeds.


                                      Ends



For information please contact:

Michael Queen        Managing Partner, Infrastructure, 
                     3i Investments plc                        [phone]

Silvia Santoro       Investor Relations                        [phone]

Jennifer Letki       3i Press Office                           [phone]

Lydia Pretzlik       Maitland                                  [phone]



This statement aims to give an indication of 3i Infrastructure's performance and
development from incorporation to 31 March 2008. These indications reflect the
Board's current view. They are subject to a number of risks and uncertainties
and could change. In particular, an important element in the determination of
the Company's results for the period to 31 March 2008 is the detailed valuation
exercise being carried out on its investment portfolio as at that date. The
final results for the period to 31 March 2008, due to be reported in June 2008,
may differ accordingly. Factors which could cause or contribute to such
differences include, but are not limited to, general economic and market
conditions and specific factors affecting the financial prospects or performance
of individual investments within 3i Infrastructure's portfolio.

This release is not an offer of 3i Infrastructure Limited securities for sale in
the United States and 3i Infrastructure Limited securities may not be offered or
sold in the United States absent registration or an exception from registration.
Any public offering of 3i Infrastructure Limited securities in the United
States would be made by means of a prospectus that could be obtained from 3i
Infrastructure Limited and would contain detailed information about 3i
Infrastructure Limited, its management and its financial statements.  3i
Infrastructure Limited is not currently making any public offering in the United
States and no such prospectus has been issued.


                      This information is provided by RNS
            The company news service from the London Stock Exchange