Mr. Simon Maine reports

BROOKFIELD INFRASTRUCTURE TO ISSUE $700 MILLION OF MEDIUM-TERM NOTES

Brookfield Infrastructure Partners LP has agreed to sell $700-million aggregate principal amount of medium-term notes, composed of $500-million aggregate principal amount of Series 13 notes, due July 27, 2030, which will bear interest at a rate of 5.710 per cent per annum, payable semi-annually, and $200-million aggregate principal amount of Series 14 notes, due July 27, 2053, which will bear interest at a rate of 5.950 per cent per annum, payable semi-annually. A subsidiary of Brookfield Infrastructure, Brookfield Infrastructure Finance ULC, will be the recipient of the net proceeds and have primary responsibility for the payment of principal and interest on the notes. The notes will be fully and unconditionally guaranteed by Brookfield Infrastructure and certain of its key holding subsidiaries.

The notes will be issued pursuant to a base shelf prospectus dated Jan. 10, 2023, and a related prospectus supplement and pricing supplements to be dated July 25, 2023. The issue is expected to close on or about July 27, 2023, subject to customary closing conditions. Brookfield Infrastructure intends to use the net proceeds from the sale of the notes to refinance existing indebtedness.

The notes are being offered through a syndicate of agents led by Scotiabank, BMO Capital Markets, RBC Capital Markets, CIBC Capital Markets, National Bank and TD Securities.

Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, mid-stream and data sectors across North and South America, Asia Pacific, and Europe. It is focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. Investors can invest in its portfolio either through Brookfield Infrastructure Partners LP (New York Stock Exchange: BIP and Toronto Stock Exchange: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corp. (NYSE and TSX: BIPC), a Canadian corporation.

Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with over $825-billion (U.S.) of assets under management.

We seek Safe Harbor.