Oiltanking GmbH partnership

3i Infrastructure Ltd
02 August 2007





2 August 2007



3i Infrastructure partners with Oiltanking GmbH


3i Infrastructure Limited ('3i Infrastructure') has today signed agreements with
Oiltanking GmbH and the Malta Freeport Corporation Limited to acquire a 45 per
cent interest in Oiltanking Singapore Limited, Oiltanking Amsterdam BV and
Oiltanking Malta Limited (together, the 'OT Companies'). The consideration will
be financed by €115m of equity from 3i Infrastructure together with a €190m debt
facility arranged by RBC Capital Markets. The transaction is conditional upon
the approval of the German Federal Cartel Office and completion is expected by
the end of August.

The OT Companies provide oil tank storage services in two of the three world oil
trading and refining hubs, Singapore and Amsterdam, as well as in Malta, which
is located at the centre of the Mediterranean trade routes. Their clients
include private and state oil companies, refiners, petrochemical companies and
traders in petroleum products and chemicals.

The OT Companies will continue to be led by their current managing directors,
Rutger van Thiel, Coen Huebner and Leddy Evangelista in Singapore, Amsterdam and
Malta, respectively. The management and operational control of the facilities
will be retained by Oiltanking GmbH. As a result of the transaction, 3i director
Alistair Ray will take a seat on the board of each of the three businesses.

Following this transaction, 3i Infrastructure will have invested just over half
of the net proceeds raised at the IPO within a four-month time period and
remains on track with its objective to invest in the two-year period following
the IPO.

Michael Queen, Managing Partner and head of Infrastructure at 3i Group,
commented on the deal: 'This investment provides geographical diversity across
three strategic locations and also partners us with a highly reputable,
independent player in the global tank storage market that boasts a first-class
management team. The international reach of the 3i Infrastructure Investment
Adviser's network in Asia, Germany, the Netherlands and the UK, as well as our
experience as a minority investor, were key to us being able to source and
recommend this opportunity to 3i Infrastructure.'

'Storage of petroleum products is vital for the smooth operation of the global
supply chain for refined oil products,' said Peter Sedgwick, Chairman of the 3i
Infrastructure board. 'This is an opportunity providing attractive growth
prospects as there is significant projected growth in sea, air, truck, rail and
car transportation to underpin demand for petroleum products into the
foreseeable future.'

Lexicon Partners acted as financial advisers to 3i Infrastructure on the deal,
and Clifford Chance provided legal advice.



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