This replaces announcement number 9478A released at 07.01 BST on 30 March 2017. The 2017 minimum distribution target has been amended to 6.82 pence per share. All other information remains the same.

30 March 2017

2016 Second Half Year Dividend

The Board of International Public Partnerships Limited (INPP), the FTSE 250 listed infrastructure investment company, declares a distribution covering the period:

The 2016 second half year distribution of 3.325 pence per share is in line with the target previously outlined by the Directors and, as per previous periods, has been entirely funded through operating cash flow from the underlying projects.

The Board intend to offer a scrip dividend alternative for this distribution to those investors who wish to receive additional INPP securities in lieu of a cash payment. A circular will be sent to shareholders explaining the terms of the scrip dividend alternative. It is intended that the circular, together with scrip dividend election forms, will be mailed on or about 4 May 2017 to all eligible INPP shareholders on the register as at the record date for the dividend being 21 April 2017. The scrip dividend election forms will need to be completed and returned to Capita Asset Services by 23 May 2017 by those investors who wish to receive shares in lieu of cash.

2016 and 2017 Full Year Distributions

The Board of Directors is pleased to be able to provide investors with additional guidance as to the Company's future intentions. It has previously established a minimum target for the 2017 distribution of 6.82 pence per share and today announces a 7.00 pence per share minimum target for the 2018 distribution.. The targeted payments would represent a minimum c.2.5% increase on the preceding distributions and would continue to be in line with the growth target indicated at the time of INPP's IPO in 2006.

Note: The above distribution guidance is provided by the Company in consultation with its Investment Advisor as a target only and is not a profit forecast. There can be no assurance that this target will be met or that the Company will make any distributions whatsoever. The times and dates in this announcement are expected times and dates only and are subject to change. Any such changes will be notified to shareholders through a regulatory information service.

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About International Public Partnerships:

International Public Partnerships (INPP) is a listed infrastructure investment company which invests in global public infrastructure projects developed under the public private partnerships (PPP), private finance initiative (PFI), regulated asset and other similar procurement methods.

Listed in 2006, INPP is a long-term investor in over 120 social and transport infrastructure projects, including schools, hospitals, courts, police headquarters, transport, waste water and utility and transmission projects in the U.K., Europe, Australia and North America. INPP seeks to provide its shareholders with both a long-term yield and capital growth through investment across both construction and operational phases of typically 25-40 year concessions.

Amber Infrastructure Group (Amber) is the Investment Advisor to INPP and consists of over 90 dedicated staff who manage, advise on and originate projects for INPP.

Visit the INPP website at www.internationalpublicpartnerships.com for more information.