First State Investments’ launches third European
Diversified Infrastructure Fund (EDIF III)Media Release

EMBARGOED UNTIL WEDNESDAY 18TH SEPTEMBER 2019

Leading global investment manager, First State Investments, has announced thelaunch of their third European Diversified Infrastructure Fund (EDIF III).
EDIF III will pursue the same investment strategy as the two existing European Diversified
Infrastructure Funds (EDIF I and EDIF II) managed by the First State unlisted infrastructure
team, constructing a portfolio of mature infrastructure assets targeting investments primarilyin the energy, transportation and utility sectors in Europe.
EDIF III aims to reach its target size of €3.5 billion, over three to five fundraising series. The
series fundraising is designed to ensure focused investment discipline, while delivering rapid
deployment of investors’ capital.
Niall Mills, Partner, Infrastructure Investments at First State Investments, commented:“Our environmental, social and governance-led strategy builds on our experience and belief
that sustainability is inseparable from infrastructure investment.

ESG principles are at thecore of what we do and embedded at every stage of the investment cycle, to ensure we aremanaging assets in the most responsible and sustainable way, on behalf of our investors.”
Marcus Ayre, Partner, Infrastructure Investments at First State Investments, continued:“The European mid-market remains attractive, offering a range of high-quality maturebusinesses that are demonstrably well managed and income generating. First State has a 25year track record in infrastructure investment and works closely with management toeffectively influence business strategy, manage risks, add value for investors while acting as
a promoter of industry best practice. We continue to see strong demand from institutional
investors for investment opportunities offering long-term predictable and stable income. We’ve
been delighted by the strong support we’ve received from investors in our existing funds andare excited by the opportunity to continue to grow our portfolio and investor base.”

In July 2019, First State Investments announced that EDIF II had successfully reached its hardcap of €2.6 billion in commitments from leading global institutional investors, withapproximately 70 percent of capital deployed. This followed the close of EDIF I in 2015 at €2billion.
The EDIF team currently manage a portfolio of assets across Europe, including Anglian Water,Caruna, Coriance, Electricity Northwest, Ferngas, Finerge, Forsea, OLT, Parkia, Scandlines,Swedegas, Utilitas and Weum.
They are part of the First State Investments’ global infrastructure business that manages inexcess of €8bn equity invested in infrastructure investments.

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Notes for editors:
About First State Investments:
First State Investments are stewards of over EUR137.55 billion (as at 30th June 2019) in assets
managed on behalf of a client base that extends across Asia, Australasia, Europe and NorthAmerica.
With expertise across a range of asset classes and specialist investment sectors, ourapproach to investment is driven by a commitment to provide the best possible outcomes overthe long term for our investors. To achieve this, we ensure our interests are aligned with ourinvestors and uphold a culture of consistently acting in our clients’ best interests.
In Australia, First State operates as First Sentier Investors, having rebranded from Colonial
First State Global Asset Management on 16 September 2019. First State operates as astandalone business owned and overseen by the Mitsubishi UFJ Trust and Banking
Corporation (MUTB), a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc.
Media enquiries:
Erica Lewis
Tel: 0044 (0)20 3727 1514
Email: firststateinvestmentsLondon@fticonsulting.com

About First State Investments
First State Investments is a global asset management business with experience across a range of asset
classes and specialist investment sectors. In Australia First State now operates as First Sentier
Investors. First State Investments offers a range of investment solutions to institutional and retailinvestors globally, including equities, debt, multi-asset and unlisted infrastructure.

Important Information
This document is for information purposes only and does not constitute an offer to sell or asolicitation of an offer to buy securities. Issued by First State Investments International Limited,authorised and regulated by the Financial Conduct Authority, registration number 122512.
Registered in Scotland with a company number SC079063. Registered office: 23 St Andrew
Square, Edinburgh, EH2 1BB.
This media release is not intended for distribution to the United States newswire services orfor dissemination in the United States. For the avoidance of doubt, the Fund is not being offeredin the United States or to US persons at this time.
All references to First State Investments’ experience and capability refers to both First State
Investments and other First Sentier Investors group companies.
The value of investments and any income from them may go down as well as up and are notguaranteed. Investors may get back less than the original amount invested and past
performance information is not a guide to future performance.
The First State Investments logo is a trade mark of the Commonwealth Bank of Australia or anaffiliate thereof and is used by FSI under licence.
EDIF III is not established as at the date of this press release.