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Unless expressly indicated, the communication is not an offer to sell or a solicitation of an offer to purchase an interest in any entity or investment vehicle. Any such offer or solicitation will only be made through the formal legal offering materials of the relevant vehicle which will include, among other things, disclosure about the risks of investment.

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Global Infrastructure Management, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. Global Infrastructure Management, LLP is authorised and regulated by the U.K. Financial Conduct Authority. Global Infrastructure Australia Pty Limited holds an Australian Financial Services license issued by the Australian Securities and Investments Commission.