Dubai, United Arab Emirates | Monday 7 March, 2016 - MENA Infrastructure Fund LP has today announced the divestment of both its 30.33% stake in Alexandria International Container Terminals ("AICT") to Hutchison Port Holdings and its 38.1% stake in United Power Company SAOG ("Manah IPP") to Khaled Juffali Energy and Utilities ("KJEU").

MENA Infrastructure Fund LP is a $300 million fund managed by MENA Infrastructure, a specialised infrastructure fund manager established by HSBC, Fajr Capital and Waha Capital. MENA Infrastructure is regarded as one of the most successful infrastructure investors in the MENA region and has received multiple industry accolades, including Infrastructure Investor magazine's "Middle East Infrastructure Investor of the Year".

Commenting on the exits, Jeronimo Roura, CEO of MENA Infrastructure, said: "Our successful exits from Alexandria International Container Terminals and United Power Company validate MENA Infrastructure's investment strategy to partner with leading developers of essential private infrastructure in high growth markets. We are grateful to the management teams at both AICT and UPC for their continuous exceptional performance, and look forward to continue investing in the MENA region's potential."

MENA Infrastructure sold its stake in ACIT to Hutchison Port Holdings following a competitive sale process. The transaction completed on Friday 26 February 2016. AICT owns and operates two fully integrated container terminals at Alexandria and El Dekheila, with a capacity of approximately 680,000 TEUs. The Alexandria and El Dekheila port is considered one of the main commercial ports serving Egypt and Egypt's main import-export hub on the Mediterranean, handling almost 60 percent of Egypt's foreign trade.

MENA Infrastructure subsequently sold its 38.1% stake in Manah IPP to KJEU, a Saudi Arabian power company which specializes in developing reliable power generation through conventional and renewable energy resources. The transaction completed on Monday 29 February 2016 following the receipt of all requisite approvals, including from the Authority for Electricity Regulation, Oman. Page 2 of 3 MENA Infrastructure Fund (GP) Limited, a company incorporated in the Dubai International Financial Centre with limited liability with registered number 0275. Regulated by the Dubai Financial Services Authority.

The Manah IPP is a 270 MW open-cycle natural gas fired power plant which is located near Nizwa in Oman on 200 acres of land, approximately 180 kilometres south-west of Muscat. The plant sells power to the Oman Power & Water Procurement Company, the single-buyer in the Oman electricity market.

About MENA Infrastructure
MENA Infrastructure is a pre-eminent infrastructure equity investor and fund manager focusing on investments in the Middle East, North Africa and Turkey (MENAT) region.

Founded in 2007 and owned by HSBC, Fajr Capital and Waha Capital, MENA Infrastructure currently manages a US$300 million infrastructure fund from its headquarters in the Dubai International Financial Centre. MENA Infrastructure has executed some of the region's landmark transactions and holds a collection of well-regarded awards which bear testament to its superior performance.

About AICT
Alexandria International Container Terminals (AICT) is a joint venture between Hutchison Port Holdings, Al Blagha Holding Group and the Alexandria Port Authority that operates two fully integrated container terminals at Egypt's main commercial ports of Alexandria and El Dekheila in the Mediterranean Sea.

About Al Manah IPP
United Power Company (SAOG) was formed and registered as a joint stock company on January 9th, 1995. Prior to the sale of its stake, MENA Infrastructure Fund LP owned 38.1% and the remaining stake is owned by Ministry of Defence Pension Fund (5.5%), MGEC (Oman) Holdings Limited (16.2%), while the other 40% is publicly owned and listed on the Muscat Security Market. Manah IPP owns a 270 MW open-cycle natural gas fired power plant that located near Nizwa in Oman on 200 acres of land, approximately 180 kilometres South-West of Muscat with an elevation of 378 meters above sea level. Manah IPP sells power to the Oman Power & Water Procurement Company, the single-buyer in the Oman electricity market. Page 3 of 3 MENA Infrastructure Fund (GP) Limited, a company incorporated in the Dubai International Financial Centre with limited liability with registered number 0275. Regulated by the Dubai Financial Services Authority.

Level 3, Precinct Building 4 Gate District, DIFC P. O. Box 506553, Dubai United Arab Emirates Tel: +971 4 509 3529

For further information:
Jeronimo Roura
Chief Executive Officer, MENA Infrastructure
E media@menainfrastructure.com
T +971 4 270 6800

© Press Release 2016