International Public Partnerships Limited (INPP), the FTSE 250 listed infrastructure investment company, notes recent comment around its investment advisory agreement ("IAA") with Amber Fund Management Limited ("Amber") and particularly the payment of performance fees under it.

INPP confirms that it is in cooperative and helpful discussions with Amber as to possible changes to the terms of the IAA.  These conversations are ongoing and include consideration of the performance fee arrangements contained within the IAA.

The Board believes that under the terms of the IAA a performance fee is due to Amber for the period 1 January 2013 to 30 June 2013.  The amount of this will be determined as part of the 2013 half year reporting process and announced at the Company's interim results in August. The Board's expectation is that the final determination of the fee will be in the order of 1.0% to 1.25% of NAV.

The Board expects fees as well as other aspects of the IAA to be the subject of the ongoing discussions with Amber and Amber have volunteered to defer receipt of any performance fee until after the release of the interim results in August 2013 by which time the Board expects to have concluded the wider discussions relating to the IAA.

INPP and Amber continue to have a strong cordial and long term relationship.

For further information:

Amber Infrastructure
Erica Sibree 
+44 (0)20 7939 0558

Numis Securities
Hugh Jonathan/Nick Westlake   
+44 (0)20 7260 1263/1345

FTI Consulting
Ed Berry/Harry Stein 
+44 (0)20 7269 7297/7141

Notes to Editors:
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 122 social and transport infrastructure projects, including schools, hospitals, courts, police headquarters, transport and utility and transmission projects in the U.K., Europe, Australia and Canada. INPP seeks to provide its shareholders with both a long-term yield and capital growth through investment across both construction and operational phases of 25-40 year concessions.

Amber Fund Management Limited is the Investment Advisor to INPP and consists of approximately 80 dedicated staff who manage, advise on and originate projects for INPP.

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