Mr. John Hamlin reports

BROOKFIELD INFRASTRUCTURE TO ISSUE $100 MILLION OF PREFERRED UNITS

Brookfield Infrastructure Partners LP (BIP) has agreed to issue four million 5.75 per cent cumulative minimum rate reset Class A preferred limited partnership units, Series 19, on a bought deal basis to a syndicate of underwriters led by Bank of Nova Scotia, BMO Capital Markets, CIBC Capital Markets, National Bank of Canada Capital Markets, RBC Capital Markets and TD Securities Inc. for distribution to the public. The Series 19 preferred units are being issued by Brookfield Infrastructure LP (BILP), a subsidiary of BIP, and will be fully and unconditionally guaranteed by BIP and BIPC Holdings Inc., a subsidiary of BIP. The Series 19 preferred units will be issued at a price of $25 per unit, for gross proceeds of $100-million.

Holders of the Series 19 preferred units will be entitled to receive a cumulative quarterly fixed distribution at a rate of 5.75 per cent annually for the initial period ending Sept. 30, 2031. Thereafter, the distribution rate will be reset every five years at a rate equal to the greater of: (i) the five-year government of Canada bond yield plus 2.35 per cent; and (ii) 5.75 per cent. The Series 19 preferred units are redeemable by BILP on Sept. 30, 2031, and on each Series 19 reclassification date (as defined below) thereafter.

Holders of the Series 19 preferred units will have the right, at their option, to reclassify their Series 19 preferred units into cumulative floating rate reset Class A preferred limited partnership units, Series 20, subject to certain conditions, on Sept. 30, 2031, and on Sept. 30 every five years thereafter. Holders of Series 20 preferred units will be entitled to receive a cumulative quarterly floating distribution at a rate equal to the 90-day Canadian Treasury bill yield plus 2.35 per cent.

Brookfield Infrastructure has granted the underwriters an option, exercisable until 48 hours prior to closing, to purchase up to an additional two million Series 19 preferred units, which, if exercised, would increase the gross offering size to $150-million.

The Series 19 preferred units will be offered in all provinces and territories of Canada by way of a prospectus supplement to BILP's existing Canadian short form base shelf prospectus dated Aug. 7, 2026. The Series 19 preferred units may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements under the U.S. Securities Act.

Brookfield Infrastructure intends to use the net proceeds of the issue of the Series 19 preferred units for general corporate purposes. The offering of Series 19 preferred units is expected to close on or about Aug. 27, 2026.

Access to the prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the offering of the Series 19 preferred units is provided in accordance with securities legislation relating to procedures for providing access to a prospectus supplement, a base shelf prospectus and any amendment thereto. The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the offering will be accessible within two business days on SEDAR+.

An electronic or paper copy of the prospectus supplement, the corresponding base shelf prospectus and any amendment to the documents may be obtained, without charge, from any of the joint bookrunners by contacting Scotiabank by e-mail at equityprospectus@scotiabank.com, BMO Capital Markets by e-mail at torbramwarehouse@datagroup.ca, CIBC Capital Markets by e-mail at mailbox.canadianprospectus@cibc.com, National Bank of Canada Capital Markets by e-mail at NBF-Syndication@bnc.ca, RBC Capital Markets by e-mail at Distribution.RBCDS@rbccm.com and TD Securities Inc. by e-mail at sdcconfirms@td.com.

About Brookfield Infrastructure

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 the Americas, Asia-Pacific and Europe. The company is focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. Investors can access its portfolio either through BIP, a Bermuda-based limited partnership, or Brookfield Infrastructure Corp., a Canadian corporation.

Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager, headquartered in New York, with over $1-trillion (U.S.) of assets under management.

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