DIF CORE INFRASTRUCTURE FUND I

An infrastructure fund focusing mainly on Europe, principally in the energy and utilities, transportation and telecommunications sectors

The fund targets high-quality core infrastructure investments in projects which will deliver stable cash flows with primarily mid-term (e.g. 5-15 year) contracted income streams.

The fund will be required to comply with the Bank's environmental and social standards.

The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the Official Journal of the EU, as and where required.