GCP Infrastructure Investments Ltd. expects to initiate a share repurchase program to be approved at its Annual General Meeting to be held on February 11, 2013. Under the program, the company will repurchase up to 19,907,952 shares, representing 14.99% of its issued ordinary share capital and, following the conversion of the C ordinary shares of £0.01 each in the capital of the company that are in issue as of date into ordinary shares. The minimum price, exclusive of any expenses, which may be paid for an ordinary share is one pence per ordinary share.

The maximum price, exclusive of any expenses, which may be paid for each ordinary share is an amount equal to the higher of either 105% of the average of the middle market quotations for an ordinary share (as derived from the Daily Official List of London Stock Exchange plc) for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and the amount stipulated by Article 5(1) of the Buy-back and Stabilisation Regulation 2003. The repurchased shares will either be held as treasury shares or will be cancelled. The authority will be valid till the next Annual General Meeting.

As of January 7, 2013, the company has 132,808,220 ordinary shares and 132,300,000 C shares in issue.