Company Profile For HSBC Infrastructure Company

HSBC Infrastructure Company Limited (HICL) is a United Kingdom-based infrastructure investment company. During the year ended March 31, 2009 (fiscal 2009), the Company had a portfolio 27 interests in infrastructure projects in the United Kingdom and the Netherlands. The investment adviser to the Company is HSBC Specialist Fund Management Limited. During fiscal 2009, the Company acquired additional interests in the West Middlesex Hospital, Central Middlesex Hospital, UK Home Office and Barnet Hospital PFI projects. These acquisitions take the Company’s interest in these four projects to 100% in each. Some of the Company’s subsidiaries include HICL Infrastructure 1 SARL, HICL Infrastructure 2 SARL, Infrastructure Investments Limited Partnership, Enterprise Education Conwy Limited, Enterprise Civic Buildings Limited and Enterprise Education Conwy (Holdings) Limited.

BRIEF: For the six months ended 30 September 2009, HSBC Infrastructure Company Limited's revenues increased 95% to £78M. Net income totaled £19.6M, up from £1.1M. Revenues reflects increased income from service business and increased gain on finance receivables. Net income also reflects an increase in operating profit, a decrease in finance costs and an increase in finance income. HSBC Infrastructure Company is an investment company.