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Interim Update Statement   1 April 2021 to 27 July 2021.   HICL invests in core infrastructure that is central to the sustainable development of modern societies. The stakeholder-driven approach that the Board and InfraRed collectively take to managing HICL s portfolio of essential community assets for the long-term underpins the Company s resilience and has supported steady and sustainable performance over the period.   Within our PPP investments, the focus is on actively supporting public sector clients as they adjust to post-pandemic requirements. Traffic on the Company s toll roads is recovering in line with forecast; and, with the ongoing success of vaccination campaigns, we see a path to improved international travel for High Speed 1, albeit recent events have justified our caution in assessing the timing of this.

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