Proposed Acquisition Circular

HSBC Infrastructure Company Limited
22 November 2007





HSBC INFRASTRUCTURE COMPANY LIMITED


PROPOSED ACQUISITION OF ADDITIONAL DEBT AND EQUITY INTEREST IN THE HOME OFFICE
PFI PROJECT FOR £14.4 MILLION


Further to its announcement on 20 November 2007, HSBC Infrastructure Company
Limited ('HICL') announces that a circular (the 'Circular') relating to its
conditional agreement to acquire additional equity and debt interests in the
Home Office PFI Project ('the Transaction') has been posted to shareholders.


The Circular contains a notice convening an Extraordinary General Meeting of
HICL to be held at 12.00 noon on 17 December 2007 at Dorey Court, Admiral Park,
St Peter Port, Guernsey, Channel Islands GY1 3BG to approve the Transaction.

The Circular is available for inspection at the offices of Lovells LLP, Atlantic
House, Holborn Viaduct, London EC1A 2FG and at the UKLA's Document Viewing
Facility, which is situated at:

Financial Services Authority, 25 The North Colonnade, Canary Wharf,
London E14 5HS


For further information:-

HSBC Specialist Fund Management Limited                     020 7991 9554
Tony Roper

Oriel Securities Limited                                    020 7710 7600
Tom Durie

M: Communications                                           020 7153 1523
Ed Orlebar
Tilly von Twickel




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