Global Switch completes a £400m equivalent capital raise in Sterling and Australian Dollars

Notes to editors:

Global Switch

Founded in 1998, Global Switch Holdings Ltd (Global Switch) owns and operates large scale Tier III* data centres that are carrier neutral and multi-tenanted. The Company's focus is on highly resilient, central, low latency, network dense locations in prime city centre locations and internet hubs close to its customers on the edge of financial and business districts.

Global Switch operates 290,000 square metres (3,100,000 square feet) of data centres across seven locations in Europe and Asia Pacific.

The data centre industry is benefitting from attractive market dynamics, characterised by growth in internet usage, combined with the expansion of cloud computing, outsourcing and regulation which have led to significant growth in demand from financial institutions, corporations and governments.

Global Switch is part way through a significant global expansion plan which started with an extension of its Singapore data centre in 2010 and the building of a second data centre on its Paris campus in 2012. Having secured pre-commitments from a number of large multi-national companies, Global Switch is nearing completion of the construction of an expansion to its Amsterdam data centre and is also constructing the first stage of Sydney East, its second data centre in Sydney.

The next investments in the expansion programme will be new data centres in Hong Kong and Singapore, where Global Switch is planning a second facility.

At financial year-end 31 March 2013, Global Switch reported total revenues of £340 million and total assets of £4.38 billion. Since 2007 the company has been wholly owned by Aldersgate Investments Limited, which first acquired an interest in the company in 2004.

Note:
* A Tier III data centre is an industry standard classification for a data centre composed of redundant power and cooling distribution paths, providing a minimum of 99.982% availability.

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The securities mentioned herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons unless they are registered under the Securities Act or pursuant to an exemption from registration. No public offer of the securities mentioned herein is being made in the United States. Terms used in this paragraph have the meanings given to them by Regulation S under the Securities Act.

This announcement is not being made, and this announcement has not been approved, by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000, as amended (the "FSMA"). Accordingly, this announcement is not being distributed to, and must not be passed on to, the general public in the United Kingdom. This announcement is being distributed on the basis that each person in the United Kingdom to whom it is made available or at whom it is directed is (a) a person having professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (b) a person within Article 49 of the Order or of the FSMA (all such persons together being referred to as "relevant persons"). The securities will be made available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with such relevant persons. No other person should rely on it. This document is not intended for distribution to and must not be passed on to any retail client.

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Note:
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