BAE Systems Pension Funds Trustees, BAS Systems 2000 Pension Plan Trustees and Royal Ordinance (Crown Service) Pension Scheme Trustees have sold 100% of their interest in RR.EEF Pan-European Infrastructure Fund L.P.

They have assigned their interest in the fund, a limited partnership registered in England focused on infrastructure assets located in major European economies, to each of the following entities in the following proportions:

• 5.94% to Pantheon Global Infrastructure Fund II, L.P.,
• 5.30% to Pantheon Global Infrastructure Fund II (Luxembourg SCSp),
• 12.70% to Virginia Retirement System,
• 8.10% to ASGA Global Infrastructure L.P.,
• 4.75% to Pantheon Global Infrastructure Fund II NPS, L.P.,
• 5.12% to Industriens Vintage Infrastructure L.P.,
• 3.90% to Psagot - Pantheon I, L.P.,
• 41.68% to SL Capital Infrastructure Secondary I LP and
• 12.50% to IST3 Investmentstiftung.

The fund achieved financial closed in April 2007 when RREEF raised more than €2 billion. At that time RREEF said 40 investors, mostly pension funds and insurance companies from Europe, Asia and North America, participated in the final closing of the fund.