Mr. John Hamlin reports

BROOKFIELD INFRASTRUCTURE CORPORATION ANNOUNCES NEW DATE FOR MEETING ON PROPOSED CORPORATE SIMPLIFICATION

Brookfield Infrastructure Corp. has released a new date for the special meeting of shareholders of BIPC in respect of the proposed corporate structure simplification. While votes received to date demonstrate support for the simplification, the new date will allow additional time for shareholders to submit their votes.

The shareholder meeting will be held virtually on Oct. 29, 2026, at 10 a.m. EDT. The record date for determining shareholders eligible to vote at the meeting will remain as Aug. 21, 2026.

As a result of the new date for the meeting, the updated deadline for registered shareholders to cast their votes by proxy is 5 p.m. EDT on Oct. 27, 2026. Shareholders who have already submitted a proxy do not need to vote again.

The special meeting of unitholders of Brookfield Infrastructure Partners LP will continue to be held virtually on Oct. 14, 2026, at 9 a.m. EDT.

The board of directors of each of BIP and BIPC, based in part on the unanimous recommendations of its respective special committees (consisting entirely of independent directors) and the fairness opinions received from Scotiabank, unanimously determined that the simplification is in the best interests of BIP and BIPC, respectively, and has unanimously resolved to approve the simplification and recommends that BIP unitholders and BIPC shareholders vote in favour of the simplification. Glass Lewis has recommended that both BIP unitholders and BIPC shareholders vote for the simplification while ISS has recommended that BIP unitholders vote for the simplification.

Benefits of a simplified structure

The simplification will combine BIP and BIPC into a single publicly traded corporation, Brookfield Infrastructure Partners Inc., creating a simpler corporate structure designed to deliver long-term value for all securityholders.

Brookfield Infrastructure expects the simplification to be tax deferred for Canadian and U.S. investors and completed without any meaningful cost to the business while providing securityholders with the following benefits, among others:

• Improved consolidated trading liquidity through a single listed security;
• Increased demand from current indices and potential additional index inclusion;
• Stronger alignment with long-term capital allocation trends toward indexable and exchange-traded-fund-eligible corporate securities;
• Simplified investor analysis, screening and benchmarking through a single listed reporting entity;
• Broader access to a larger pool of investors who prefer corporate structures;
• Enhanced governance framework and voting rights for public securityholders; and
• For BIP unitholders, elimination of onerous partnership tax reporting forms and preferential dividend tax rates for many Canadian and U.S. taxable investors.

Additional information is also available on the company's website under proposed simplification.

If the necessary securityholder approvals are obtained, the final hearing to obtain the final order from the Supreme Court of British Columbia approving the simplification is expected to be held on or about Nov. 3, 2026. Subject to the receipt of the final order and required regulatory approvals, it is anticipated that the simplification will be completed in the fourth quarter of 2026.

Questions or require voting assistance?

The company has retained Laurel Hill Advisory Group as its proxy solicitation agent. If you have any questions about the meeting or require assistance voting, please contact Laurel Hill Advisory Group.

Toll-free:  1-877-452-7184 (toll-free in North America)

International:  1-416-304-0211

Text:  text INFO to either number above

E-mail:  assistance@laurelhill.com

The company may also use the services of Broadridge Investor Communications to assist eligible beneficial shareholders with voting their shares with written confirmation or over the telephone with Laurel Hill. Simply contact Laurel Hill Advisory to vote your shares today.

For additional information on the simplification, please see the joint management information circular filed with the applicable Canadian securities regulators and with the U.S. Securities and Exchange Commission, which is available on SEDAR+ and on EDGAR. Securityholders are urged to read the circular carefully.

Please note that BIP has applied for and received exemptive relief from the Ontario Securities Commission to not require further approval by the holders of Class A shares of BIP Inc. for any future distributions of BIP Inc. Class A shares or securities that are, directly or indirectly, convertible into, or exercisable or exchangeable for, BIP Inc. Class A shares under a prospectus, conditional upon obtaining the required securityholder approvals described in the joint management information circular. Accordingly: (i) in respect of BIP, a vote in favour of the simplification by BIP unitholders will constitute voting in favour of BIP Inc.'s ability to conduct future issuances of BIP Inc. Class A shares or securities that are, directly or indirectly, convertible into, or exercisable or exchangeable for, BIP Inc. Class A shares pursuant to a prospectus; and (ii) in respect of BIPC, a vote in favour of the simplification by BIPC shareholders will, in the event that the simplification is approved by BIPC shareholders, constitute voting in favour of BIP Inc.'s ability to conduct future issuances of BIP Inc. Class A shares or securities that are, directly or indirectly, convertible into, or exercisable or exchangeable for, BIP Inc. Class A shares pursuant to a prospectus, in each case, without requiring further approval by holders of BIP Inc. Class A shares in accordance with National Instrument 41-101 (General Prospectus Requirements).

About Brookfield Infrastructure Corp. and Brookfield Infrastructure Partners LP

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. It is focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. Investors can access its portfolio either through Brookfield Infrastructure Partners LP, 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 of assets under management.

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