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Investor PresentationNDR - Singapore / Hong KongJuly 2016Humility Entrepreneurship Teamwork and Relationships Deliver the Promise Learning Social Responsibility Respect for Individual0

DISCLAIMERThe materials being shown in this presentation is solely for information and not to be reproduced, retransmitted, further distributed to any other person or published, in whole orin part, for any other purpose.These materials have been prepared by GMR Infrastructure Limited (the "Company") solely to be used for this presentation. No representations or warranties, express orimplied, are made by the Company or its subsidiaries (collectively, the “Group”) or any of their respective members, directors, officers or employees or any other person as to,and no reliance should be placed on, its fairness, accuracy, completeness or correctness of the information or opinions presented or contained in these materials and have notbeen independently verified.It is not the intention to provide a complete or comprehensive analysis of the financial or trading positions or prospects of the Company or the Group. None of the Company orthe Group or any of its directors, officers, employees, agents, affiliates, advisers or representatives accepts any liability whatsoever from any loss howsoever arising from anyinformation or opinions information or opinions presented or contained in these materials or otherwise arising in connection with these materials. The information and opinionspresented or contained in these materials are provided as on the date of this presentation and are subject to change without notice and the accuracy of the information is notguaranteed.This presentation is for information purposes only and is not and does not constitute or form part of any offer, invitation or recommendation to purchase or subscribe for anysecurities and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto. This presentationmay not be used or relied upon by any other party, or for any other purpose, and may not be reproduced, disseminated or quoted without the prior written consent of theCompany. This presentation should not be relied upon as the basis of an investment decision in securities of the Company or the Group.The distribution of this presentation in certain jurisdictions may be restricted by law and persons who come into possession of this presentation should observe any suchapplicable restrictions. The Company or its Group cannot be held liable for distribution of the presentation by the investors who come into possession of the presentation or fornon compliance with applicable laws or restrictions.This presentation and the discussion that follows may contain “forward looking statements” relating to the Company or the Group. These forward looking statements, whichmay include statements relating to future results of operation, financial condition, business prospects, plans and objectives, are based on the current beliefs, assumptions,expectations, estimates, and projections of the directors and management of the Company about the business, industry and markets in which GMR Infrastructure the Groupoperates. These statements are not guarantees of future performance, and are subject to known and unknown risks, uncertainties, and other factors, some of which arebeyond the Company’s or the Group’s control and difficult to predict, that could cause actual results, performance or achievements to differ materially from those in the forwardlooking statements. Such statements are not, and should not be construed, as a representation as to future performance or achievements of the Group. In particular, suchstatements should not be regarded as a projection of future performance of the Company or the Group. It should be noted that the actual performance or achievements of theCompany and the Group may vary significantly from such statements.Humility Entrepreneurship Teamwork and Relationships Deliver the Promise Learning Social Responsibility Respect for Individual1

Today, we have a strong portfolio across Airports, Energy andHighways/Urban InfraFIIs 19.3%Shareholdingas on Mar 31, 2016Promoter &Promoter Group61.6%MF & DIIs 7.8%Others 11.2%GMR Infrastructure Limited97%GMR AIRPORTS LTD. 80 mn Passenger Capacity 3 Airports Delhi Airport Hyderabad Airport Cebu, PhilippinesMaldives Airport (underarbitration)* Includes both direct & indirect holding93.5%*GMR ENERGY LTD. 4,800 MW Power GenerationCapacityThermal Projects Coal based - 3,000MW Gas based - 1,400MWHydro Projects 180MW – under construction 2,025 MW – under developmentRenewable Solar - 25MW Wind - 3.4MWTransmission 2 projects - 350kms100%GMR HIGHWAYS LTD.9 Operational Road Projects 4 Annuity Projects - 284kms5 Toll Projects - 446kms TollURBAN INFRAIndustrial Zone Krishnagiri - 3,300 acres Kakinada - 10,500 acresAirport Real Estate Delhi - 230 acres Hyderabad - 1,500 acresHumility Entrepreneurship Teamwork and Relationships Deliver the Promise Learning Social Responsibility Respect for Individual2

Visionary Leadership Building an Institution For Perpetuity INDEPENDENT DIRECTORSTHE GROUP HOLDING BOARDNC SarabeswaranGM RaoGroup Chairman Leading practicing CA Founding partner of Jagannathan andSarabeswaran Chartered AccountantsDr Prakash Apte Professor at the IIIM-Bangalore Served on expert committees appointed by NSE,SEBI and is an expert on regulatory affairsKiran Kumar GrandhiCorporate Chairman, MD GMR InfraG B S RajuChairman, EnergyRSSLNBhaskaraduS Sandilya Over 48 years of work experience across differentsectors with BHEL and Maruti Udyog Chairman of Eicher President of Society of Motorcycle Manufacturers inIndia and national council member of CIIS RajagopalBommidala SrinivasChairman, AirportsV. Santhanaraman Former InvolvedChairmanwith theandgroupMD offorBankoverof18IndiayearsandBanking Held Servicevarious Recruitmentpositions includingBoard the group Former ED of Bank of Baroda and senior banker inIndian BankB V N RaoChairman, Urban Infra and HighwaysC. R. Muralidharanexperience in financial regulation and bankingVissa SivaKameshwariP M KumarChairman, Institutional Building & Governance Ex senior RBI executive with over 40 yearsJayesh Desai Leading CA with 24 years experience CA with over 28 years of experience acrosscorporate finance, investment advisory andbusiness developmentHumility Entrepreneurship Teamwork and Relationships Deliver the Promise Learning Social Responsibility Respect for Individual3

Our board is also advised by the external Group PerformanceAdvisory Council (GPAC) comprising business leadersDr Ram CharanM DamodaranA highly acclaimed business advisor,speaker, and author who has coached someof the world's most successful CEOs. For 35years, he's worked with companies like GE,Bank of America, DuPont, 3M,etc.Retired IAS, with 30 experience in financialservices and public sector enterprises.Served leadership positions like ChairmanSEBI (equivalent to SGX in S’pore, SEC inUS), CMD IDBI Bank, Chairman UTIPradip P ShahArun ThiagarajanPreviously held leadership positions inWipro, ABB and HP. Member of severalboards including Idea Cellular and INGVysya BankDr V SumantranFounder / Co-founding member Indocean,CRISIL and HDFC. He has been in advisoryroles to USAID, The World Bank and TheAsian Development Bank in the pastSanjeev AgaDr. Sumantran is Executive Vice-Chairmanof Hinduja Automotive. From 2001-05, hewas chief executive of TATA Motors Carbusiness. Prior to this he had a 16-yearcareer stint with GM in DetroitSanjeev Aga has experience of over 4decades and he has been CEO/MD at BlowPlast / VIP Industries, Aditya Birla Nuvo, andIdea Cellular. He now engages inadvisory/board roles for corporates and notfor-profitsK R RamamoorthyHe has over 4 decades of bankingexperience and is a consultant for WorldBank, IFC, etc. He has served as CEO ofCorporation Bank and Chairman of VysyaBankDaljit MirchandaniFormer Chairman Ingersoll Rand.Previously held leadership positions withKirloskar group. He serves on the advisoryand statutory Board of various CompaniesLuis MirandaLuis Miranda was President & CEO at IDFCalternatives. He now spends most of histime working for non-profits and is alsoadvisor to Morgan Stanley InfrastructureHumility Entrepreneurship Teamwork and Relationships Deliver the Promise Learning Social Responsibility Respect for Individual4

Corporate StructureGMR Infrastructure Limited97%93.5%***GMR Airports LtdOperational100%GMR Energy LtdStakeDelhi International Airport64%GMR Hyderabad International Airport63%Mactan-Cebu International Airport40%GMR Highways LtdOperational Coal / Diesel based ProjectsStakeOperational Annuity ProjectsStakeWarora Pow er Plant (600 MW)100%Tuni Anakapalli100%Kam alanga Pow er Plant (1,050 MW)86%Tam baram Tindivanam100%Chhattisgarh Pow er Project (1,370 MW)100%Pochanpalli100%Chennai Pow er Plant (200 MW)51%Chennai ORR90%Operational Gas based ProjectsOperational BOT (toll) ProjectsKakinada Pow er Plant (235 MW)100%Am bala Chandigarh100%Vem agiri Pow er Plant (388 MW)100%Hyderabad Vijayw ada90%Rajahm undry Pow er Project (768 MW)45%Hungund Hospet *36%Faruknagar Jadcherla26%Tindivanam Ulundurpet **26%Operational Renew able Energy ProjectsSolar Pow er Project (25 MW)100%Wind Pow er Projects (3.4 MW)100%Operational Transm ission Projects #Aravali Line (96 km s)100%Maru Line (269 km s)100%Under ConstructionBajoli Holi Pow er Project (180 MW)100%Under Developm ent4 Hydro Pow er Projects (2 India, 2 Nepal)Coal Mining ProjectsPT Barasentosa Lestari100%PT Golden Energy Mines30%* Share Purchase Agreement signed to divest 51% stake; already transferred 15% in Mar’16** Share Purchase Agreement signed to divest remaining 26% stake*** Includes both direct & indirect holding# Signed definitive agreements for sale of 74% in Maru project and 49% in Aravali projectHumility Entrepreneurship Teamwork and Relationships Deliver the Promise Learning Social Responsibility Respect for Individual5

Airport SectorHumility Entrepreneurship Teamwork and Relationships Deliver the Promise Learning Social Responsibility Respect for Individual

Airport AssetsProjectStatusAnnual PassengerCapacity Concession TermsCommercial PropertyDevelopmentRevenue Structure Delhi International Airport (DIAL)Hyderabad International Airport(GHIAL)Mactan - Cebu International Airport(MCIA)OperationalOperationalOperational and undergoing expansion62 mn12 mn16 mn #30 30 years concession (startingApril 2006)46% revenue sharing 230 acres Real Estate parcel1st Phase development of 45 acres hascompletedWork on 2nd Phase of 23 acres isunderway 30 30 years concession (startingMarch 2008)4% revenue share 25 years (from the O&M start date)Upfront fees of USD 320mn VATProject cost of USD 750mn Aero revenue based on pre-determinedPSF1,500 acres Real Estate parcel1st Phase : To develop 250 acresaviation SEZ and 250 acres multiservice SEZAssured “Target Aero Revenue” every year, based on variables like approvedproject cost, WACC, normative operations, etc.Traffic – FY1648.4 mn Pax;365,696 ATMs*12.5 mn Pax;106,303 ATMs*8.0 mn Pax;64,900 ATMs*Traffic – FY1541 mn Pax;323,455 ATMs*10.5 mn Pax;94,562 ATMs*N.A.*ATM Air Traffic Movement# Post 1st phase of expansionHumility Entrepreneurship Teamwork and Relationships Deliver the Promise Learning Social Responsibility Respect for Individual7