Factsheet

Current Operations across 40 Investments £2.0bn Europe, including 19 projects North America under construction Total and Asia-Pacific John Laing has committed investments to a total of 110 projects since 1969 AUM Figures as at 31 December 2014

John Laing is an international originator, active investor and manager of infrastructure projects. Its business is focused on major transport, social and environmental infrastructure projects awarded under governmental public-private partnership (PPP) programmes, and renewable energy projects, across a range of international markets including the UK, Europe, Asia Pacific and North America. Our Sector Strength Investment examples Social Health Rail Roads Environment Infrastructure

New Perth Alder Hey Intercity Express A1 Svartvallsberget Stadium Hospital Programme Road 20MW Wind Farm Australia United Kingdom Sweden

60,000 seat stadium New children’s hospital in 122 state-of-the-art Phase 1: Approx 90km of First power generation Liverpool Super Express trains new road – Gdansk to in Spring 2014 Creation of 5,700 jobs Nowe Marzy during construction phase 30 year concession One of the largest PPPs Power for equivalent of globally, raising a total Phase 2: Approx 60km approx 12,500 homes 24 year concession £4.7 billion of funding extension to the city of Torun Offsetting approx 21,000

tonnes CO2 emissions pa

Primary Investment Primary Investment Primary Investment Secondary Investment Secondary Investment What We Do Primary Investment Secondary Investment Asset Management Originating, bidding for and investing Generating a strong yield from Management of infrastructure assets for in greenfield infrastructure projects, investments in operational projects. John Laing and others (JLIF and JLEN), and investing in them throughout enhancing asset values and generating construction phase fee income.

John Laing Capital Management advises funds specialising in infrastructure investment

JLIF: John Laing Infrastructure Fund (JLIF) was launched on the JLEN: John Laing Environmental Assets Group Limited (JLEN) Stock Exchange in 2010 and has since become one of is a London-listed investment fund established in 2014. The fund Europe’s largest listed infrastructure funds. It invests in infrastruc- is focused on environmental infrastructure assets that have the ture projects with government-backed, inflation-linked revenue benefit of long-term, predictable, wholly or partially inflation- streams. linked cash flows supported by long-term contracts or stable regulatory frameworks. Total Assets Under £1.6 billion at 31 December 2013 Management £2.0 billion at 31 December 2014

Equity Investments committed in 2014 £217 million

Gross Investment Portfolio £1.1 billion at 31 December 2014 (including £304m future investment commitments)

Portfolio Value By geographic region By business division

9% 6% 18% 9% 9% 28% £772m 6% 10% at 31 December 2014

58% 47%

Asia Pacific Rest of Europe Primary Renewable Energy Primary PPP North America UK Secondary Renewable Energy Se condary PPP Investment in JLEN Investment in JLEN

Project Examples Long-term Sustainable Revenue Streams

1992 2010 2015 2020 2025 2030 2035 2040 2045

Second Severn River Crossing, UK (1992 – 2018)

A1 Road, Poland (2009 – 2039)

Intercity Express Programme, UK (GWML: 2012-2044, ECML: 2014-2046)

Greater Waste, UK (2009 – 2034)

Svartvallsberget Wind Farm, Sweden (2013 – 2038)

Concession periods/useful lives

John Laing Group plc 1 Kingsway, London WC2B 6AN +44 (0)20 7901 3200 www.laing.com