Acquisition

HSBC Infrastructure Company Limited
06 December 2006


HSBC Infrastructure Company Buys 40% Stake in Three Scottish Schools for £5.5m


HSBC Infrastructure Company Limited ('HICL'), the listed infrastructure
investment company, announces today it has completed the acquisition of a 40%
stake in Pinnacle Schools for £5.5 million.

The three schools were built as a PFI Project for Fife Council by Sir Robert
McAlpine and are being operated by Sodexho.

In addition to the equity interest HICL is also acquiring a 40% loan note
interest and 100% Junior loan interest in the Pinnacle Schools project, which
are included in the consideration.

Tony Roper, Director, HSBC Specialist Fund Management Limited, HICL's Investment
Adviser, said: 'This acquisition is in keeping with our strategy of expanding
the portfolio by acquiring well managed infrastructure assets with predictable
income streams.'



Enquiries

M:Communications [phone]
Ed Orlebar

HSBC Infrastructure Company Limited

The Company is the first infrastructure investment company to be listed on the
London Stock Exchange, and is seeking to deliver long term sustainable
dividends at levels that exceed current UK and other European government bond
yields, by investing in infrastructure projects.

Following the listing on the London Stock Exchange, the initial portfolio of 15
projects has been acquired by the Company and further investment opportunities
are being sought. The portfolio now comprises 16 investments.

The investment adviser to the Company is HSBC Specialist Fund Management
Limited, whose infrastructure investment team has successfully invested in
infrastructure projects since 1997.



                      This information is provided by RNS
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