Director Declaration

16 September 2019

BBGI SICAV S.A.

(the "Company")

Directorate Change: Sarah Whitney

Appointment to Board of St Modwen Properties plc

In compliance with the UK Listing Rules (LR 9.6.14) BBGI SICAV S.A. (LSE ticker: BBGI), the global PPP infrastructure investment company, announces that Sarah Whitney, Non-Executive Director, has been appointed as a Non-Executive Director of St Modwen Properties plc, with effect from 16 September 2019.

For further information, please contact:

BBGI Management Team          +352 263 479 1

Duncan Ball

Frank Schramm

BBGI is a FTSE 250 company and owns a global portfolio of 48 infrastructure assets. These are PPP assets and are supported by contracted, public sector-backed revenue streams, with inflation-protection characteristics.

Further information about BBGI is available on its website at www.bb-gi.com *.

The Company's LEI is: 529900CV0RWCOP5YHK95

Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).

* Neither the Company's website nor the content of any website accessible from hyperlinks on its website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.