26 May 2023

BBGI Global Infrastructure S.A.

(the "Company")

Additional Listing

BBGI Global Infrastructure S.A. (LSE ticker: BBGI), the global infrastructure investment company, announces that application has been made for 438,962 ordinary shares of no par value in the Company ("Shares") to be admitted to the Official List of the FCA and to trading on the London Stock Exchange. It is expected that Admission will become effective and dealings in the new shares will commence at 8.00 a.m. on 31 May 2023. Following Admission, the number of ordinary shares the Company has in issue will be 714,787,034.

The application is being made pursuant to the Long-Term Incentive Plan awards for 2019-2022, originally granted on 23 December 2019 (the "LTIP"), and pursuant to the Short-Term Incentive Plan awards for the financial year ended 31 December 2022 (the "STIP"), one third of which was to be settled in shares after taking into account any tax liability. When issued, these Shares will rank pari passu with the existing ordinary shares.

In accordance with the respective rules of the LTIP and the STIP, the number of shares issued pursuant to the LTIP was calculated by reference to an issue price of 167.50 pence per share (the "LTIP Reference Price) and the number of shares issued pursuant to the STIP was calculated by reference to an issue price of 150.88 pence per share (the "STIP Reference Price"). The LTIP Reference Price and the STIP Reference Price represent a premium of 11.7% and 0.7% respectively to the Company's current NAV per Share of 149.9 pence and a premium of 15.0% and 3.6% respectively to the mid-market closing price of the Company's ordinary shares of 145.6 pence on 25 May 2023 (being the latest practicable date prior to the release of this announcement).

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NOTES

BBGI Global Infrastructure S.A. (BBGI) is a responsible infrastructure investment company and a constituent of the FTSE 250 that invests in and actively manages for the long-term a globally diversified, low-risk portfolio of essential social infrastructure investments.

BBGI is committed to delivering stable and predictable cash flows with progressive long-term dividend growth and attractive, sustainable, returns for shareholders. BBGI has a proactive approach to preserving and enhancing the value of its investments, and to delivering well maintained social infrastructure for communities and end users, whilst serving society by supporting local communities.

All of BBGI's investments are availability-based and supported by secure public sector-backed contracted revenues, with inflation-linkage characteristics, that is paid so long as the assets are available for use.

BBGI's investment portfolio is over 99% operational with all its investments located across highly rated investment grade countries with stable, well developed operating environments.

BBGI's in-house management team is incentivised by shareholder returns and consistently maintains low comparative ongoing charges to shareholders.

Further information about BBGI is available on its website at www.bb-gi.com*.

The Company's LEI: 529900CV0RWCOP5YHK95

Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).

* Neither the Company's website nor the content of any website accessible from hyperlinks on its website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.