Meridiam Infrastructure Europe III

signed

EBRD is considering an equity investment of EUR 100 million in Meridiam Infrastructure Europe III (the "Fund"), a follow-on fund to Meridiam Infrastructure Europe II in which the Bank is an investor. The Fund is expected to raise EUR 1.2 billion, of which a minimum of EUR 400 million is targeted at selected EBRD Countries of Operation ("CoOs"). The Fund aims to make long term equity investments in infrastructure projects and will predominantly focus on greenfield projects that benefit, after completion, from long term and stable contractual cash flows (such as concessions and Public Private Partnerships ("PPP")) in the sectors of transportation, environmental and social infrastructure. The Fund will facilitate investment in infrastructure assets in EBRD's CoOs. The EBRD's proposed investment is expected to promote the more widespread use of private ownership of infrastructure projects in EBRD's CoOs. Furthermore, the Bank's investment is also expected to promote infrastructure equity as an asset class. MERIDIAM S.A.S. EUR 100,000,000.00 EUR 1,200,000,000.00 Categorised FI (2014). The Fund Manager must comply with EBRD's Performance Requirements ("PRs") two, four and nine which includes implementing an Environmental and Social Management System ("ESMS") to mitigate any Environmental & Social ("E&S") risks in potential investments. The Fund Manager must refer all Category A sub-projects at an early stage to the Bank and the Environmental & Social Department ("ESD") will provide recommendations on how to assess and mitigate potential E&S impacts, including how such sub-projects will meet PRs one to eight and 10. The Fund must provide the Bank with an Annual E&S report on the implementation of the ESMS and the PRs. None. Matthieu Muzumdar m.muzumdar@meridiam.com +33 1 7373 9877 +33 1 5334 9699 www.meridiam.com 4 place de l#Opéra, 75002 Paris, France