3i has invested over £530 million since 1987 in over 30 infrastructure transactions of the type that would qualify within its current investment policy for infrastructure. 22 of those investments have been fully realised.

Today, 3i’s main exposure to infrastructure is through its £325 million investment in 3i Infrastructure Limited which aims to build a diversified portfolio of infrastructure investments across the globe, with an initial focus on Europe, North America and Asia. More information about 3i Infrastructure Limited can be found at www.3i-infrastructure.com.

Please see below for some of the investments that have been made to date:

Osprey

Osprey is the owner of AWG, the principal business of which is the water and waste water company Anglian Water. Anglian Water is the fourth largest water supply and waste water company in England and Wales, measured by regulatory capital value, and is regulated by Ofwat. 3i Infrastructure owns c. 9 per cent. of Osprey which was originally set up in 2006 by a consortium of investors, including 3i Group plc, for the purpose of acquiring AWG. 3i Group plc holds a further 7% of Osprey.

More information may be found at www.awg.com/

Infrastructure Investors LP

This fund makes and manages investments in secondary market public and private infrastructure projects in the UK and Continental Europe. It is one of the largest equity funds in the UK investing in secondary PFI projects with assets including the DLR Lewisham extension, HM Treasury and HMRC offices, and HPC Kings College Hospital.

In addition to the interest held by 3i Infrastructure Limited as an associate of 3i Group plc, the investors in Infrastructure Investors are Barclays Private Equity, Société Générale and Fleming Family & Partners. The total committed fund size of Infrastructure Investors is c.£481m

More information may be found at www.ii2.co.uk/

Octagon Healthcare

This is a £229m project to design, build and maintain a new hospital in Norwich. Under a 35-year PFI contract, Octagon maintains the hospital. The NHS Trust is committed to make RPI-linked payments to cover the use and maintenance of the buildings and is responsible for the provision of all clinical services. The hospital was completed in September 2001, 20 weeks early and under budget.

Alpha Schools (Highland)

This is a £176m project to build 10 new schools in Scotland under a 30 year PFI contract and in which 3i has committed to invest c.£7m. Construction has started and the target date for completion of all schools is 2010.