TIDMINFA

RNS Number : 9441C

Infrastrata PLC

13 February 2020

InfraStrata plc

("InfraStrata" or the "Company")

Extension of Consultation Period for conversion of draft to full marine licence - Update

InfraStrata plc (AIM: INFA), the UK quoted company focused on strategic infrastructure projects, announces that further to its announcement of 7 February 2020, it has agreed with the Department of Agriculture and Rural Affairs (DAERA) to change the completion date of the extended public consultation in relation to the marine licence for the Company's Islandmagee Gas Storage Project.

The extended public consultation period will now close on the 27th March 2020. This date may be subject to immaterial variation and the Company will make a further announcement once the consultation period has closed.

For further information, please visit www.infrastrataplc.com or contact:

 
 InfraStrata plc                                  c/o Newgate Communications 
  John Wood, Chief Executive                       +44 (0)20 3735 8825 
 Allenby Capital Limited (AIM Nominated 
  Adviser & Joint Broker) 
  Jeremy Porter / Liz Kirchner                    +44 (0)20 3328 5656 
 Arden Partners plc (Joint Broker) 
  Paul Shackleton / Dan Gee-Summons (Corporate 
  Finance) 
  Simon Johnson (Corporate Broking)               +44 (0)20 7614 5900 
 Newgate Communications (PR) 
  Elisabeth Cowell/ Ian Silvera/Jamie Williams    +44 (0)20 3757 6880

Notes to editors:

InfraStrata is a London Stock Exchange-quoted group focused on strategic infrastructure projects.

The rapid development of the 100% owned Islandmagee Gas Storage Project is a core workstream for InfraStrata. It is expected to provide 25% of the UK's natural gas storage capacity and to benefit the Northern Ireland economy as a whole when complete. Given that the Committee on Climate Change has advised that the UK will still need a significant quantity of natural gas by 2050 - about 70% of today's consumption - the market opportunity for this project is compelling.

The Company also owns and operates the assets of Harland & Wolff in Belfast, where it will undertake the fabrication work for the Islandmagee project, as well as establish secondary revenue streams through the provision of services to the energy, maritime and defence sectors should such opportunities arise in future.

Mindful of the fact that safe, secure and flexible sources of energy are needed for a sustainable future, InfraStrata is focused on providing investors with exposure to a growing portfolio of UK, European and international energy infrastructure projects. With this in mind, the Company's highly experienced team is focused on acquiring, developing and commercialising innovative infrastructure projects around the world.

The Front-End Engineering & Design (FEED) and Insitu Downhole Testing programme for the Islandmagee Gas Storage Project is co-financed by the European Union's Connecting Europe Facility.

Disclaimer releasing the European Union from any liability in terms of the content of the dissemination materials:

"The sole responsibility of this publication lies with the author. The European Union is not responsible for any use that may be made of the information contained therein."

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February 13, 2020 07:20 ET (12:20 GMT)

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