Presentation materials

February 2022
 Agenda and Presentation Team

Placing summary 3
THOR JOHNSEN
Head of Digital Infrastructure
Thor is the Fund Manager for D9. He has over 15 years’ experience in infrastructure investment
Highlights and Timeline 4 and over 22 years in M&A, deploying over $3 billion, including as head of infrastructure investment
for Arcapita Bank across Europe. He has been responsible for managing digital infrastructure
portfolios for 7 years, covering subsea fibre, wireless 5G networks and data centres.

Investment Strategy 5

Company Overview 8
ANDRE KARIHALOO
Investment Director
Outlook 15
Andre is an Investment Director at D9. He has over 15 years’ experience in financial services,
starting in investment management at HSBC. In digital infrastructure, he has invested over
$700 million into projects and businesses and advised on over $4 billion of transactions.
Appendix 25

2
Digital 9 Infrastructure Plc Overview

Pure play exposure to a critical and growing £400 billion asset class: Digital Infrastructure, listed on the LSE with ticker DGI9

Platform-driven approach already being proved in subsea fibre and green data centres, with expansion and capital deployment

Portfolio revenue is contracted on average for over 7 years with 85% inflation indexation

Unique purpose driven approach, aligned to UN Sustainable Development Goal 9: improving connectivity and decarbonisation

Investment Manager transaction experience of >$250bn in digital infrastructure

£500m+ near term pipeline, capable of completion within 6 months

In depth relationships across the FAANGs and global telecoms companies, driving further D9 portfolio synergies

Annualised total shareholder return of 23.1% in 20211, with a target 10% total NAV return and 6p dividend

1 Source: Thomson Reuters Eikon, total annualised shareholder return for the period from IPO, 31 March 2021, to 31 December 2021 assuming an initial acquisition price of 100p per share and reinvestment of dividends 3
 D9 Timeline
£845m raised, £693m deployed3, £500m pipeline

£500m
£50m2 £69m near-term pipeline
£300m £175m Investment into EMIC-1, 1.5p per share 1.5p per share Follow-on investment in (<6 months), part of a
Investment Trust IPO on Placing and retail a new subsea fibre system Dividend for Dividend for Verne Global to fund the £95m pipeline of c.£1.8 billion
London Stock Exchange offer at 105p between Europe, the Middle- IPO to 06/2021 07 to 09/2021 expansion of capacity by Placing offer at of opportunities across
(“DGI9”) per share East and India declared declared 20.7 MW 108p per share multiple sectors
(31 March 2021) (10 June 2021) (28 July 2021) (September 2021) (December 2021) (10 January 2022) (25 January 2021) and geographies

£170m £231m £275m £15m £64m

Acquisition of Aqua Comms, Acquisition of Verne Global, Placing offer at Acquisition of SeaEdge UK1, Signed agreement to buy
Interim period ends
a leading owner and operator of (30 June 2021) 100% renewable-energy 107.5p per share a subsea-fibre landing- majority stake in Tetra Ireland,
subsea fibre, with 20,000km powered data centre platform (29 September 2021) station data centre linked to public safety wireless network
of modern systems1 in Iceland the Aqua Comms network for the Republic of Ireland
(6 September 2021) (9 December 2021) (13 January 2022)
(1 April 2021)

Aqua Comms cable landing Verne Global SeaEdge UK1 Tetra Ireland

1 $215m enterprise value on a debt free cash free basis, £170m total investment once adjusted for cash
2 Initial committed investment of £22m with opportunities to deploy a further £28m over 3 years
3 Includes all investment, committed capital, expenses and dividends
4
 Investment Strategy Critical infrastructure for our connected world, with long-term, contracted, inflation-linked income

Pro forma portfolio composition:

Portfolio plus Immediate pipeline
Data centres Subsea fibre
“Backbone of the Internet”
30% 26%
Only 10% of enterprise IT spending
has moved to the cloud with 98% of the world’s international
$600bn a year still to move3 data is carried by subsea cables1 44%
Over 1.1 million GB per second of 40% shortfall in trans-Atlantic
data will be created by 20244 subsea capacity by 20262

Terrestrial fibre Wireless networks

30% 30%

Only 15% of households in the UK 80% of online time is now mobile –

have Fibre To The Home (FTTH)5 a 400% increase within a decade7 20% 20%

UK government is targeting 85% $800 billion investment in 5G

FTTH coverage by 20256 infrastructure needed8
Pro forma portfolio target composition:
£2 billion D9 fund

1 Google Infrastructure 2 TeleGeography – Bandwidth Demand in a Pandemic 3 Gartner – Big Clouds Ahead 4 Data Gravity Index 2020 5 FTTH Council Europe – Panorama (2020) 6 Gigabit-broadband in the UK: Government 7 Statista – Daily time spent online by device 8 GSMA – The Mobile Economy 2020 5
ESG is core to D9

E S

G Aqua Comms is supporting NYU research into the carbon efficiency of subsea
cables and maximising the environmental sustainability of digital infrastructure

Our purpose is at the heart of our investment strategy, which we Aqua Comms has partnered with the UN’s Taskforce on SMaRT Submarine
have aligned around the UN’s Sustainable Development Goal 9: Cables to encourage the use of cables for seismic monitoring
• Increase connectivity to the internet and reducing the Aqua Comms is applying to become a member of the World Ocean Council
digital divide
• Environmentally sustainable investment, including
decarbonisation of digital infrastructure

We track and improve the D9 ESG scorecard monthly:

• GHG emissions of the portfolio (weighted average carbon
intensity improvement ratio)
• Connectivity (proportion of total connection between two
countries provided by D9 network, as a % of total TB) Leading industry initiatives to move datacentre usage (energy footprint) from
• Worker safety (tracking incidents) hydrocarbon dominant markets to renewable surplus markets (Iceland)

D9 has identified and improved on several key issues, including:
• Human rights throughout the supply chain
• Collecting emissions at landing stations
• Working with key suppliers on all relevant metrics
• Increasing provision of renewables at landing stations
100% renewable power supply from hydroelectric (70%) and geothermal (30%)
The facility has a PUE of 1.18, ranking it one of the most energy efficient in
Europe
Initiatives and designs utilise natural cooling, thereby reducing overall power
requirement - a geographical advantage

6
Portfolio locations Asset Investment 4:
Data Centre

Asset Investment 3:
Data Centre
Asset: SeaEdge UK1
Investment: £15m
Location: UK
AEC-2 IPO pipeline asset?: Yes

Asset: Verne Global

Investment: £231m NSC
Asset Investment 1: Location: Nordics
CC-2
Subsea Fibre IPO pipeline asset?: Yes
AEC-1
CC-1

AEC-31

Asset Investment 5: Asset Investment 2:

Asset: Aqua Comms Wireless platform Subsea & Terrestrial Fibre
Investment: £170m
Location: US, Europe
IPO pipeline asset?: Yes

Asset: Tetra Ireland Asset: EMIC-1

Investment: £64m Investment: £50m2
Location: Ireland Location: Global
1
IPO pipeline asset?: No IPO pipeline asset?: Yes
AEC-3 – Aqua Comms’ portion runs from the USA to UK and does not include the link to France
2 Initial committed investment of £22m with opportunities to deploy a further £28m over 3 years
7
 Asset investment 1:
Providing the backbone to the internet in the Northern Hemisphere
Total Current and

# Asset
Operating Length
system
Fibre
Fibre
Pairs
expected data
transmission Landing points 20,000km 100% >90%
since (km)
Pairs owned capacity per
revenues from
(“FPs”) FP (Tbps) of subsea fibre availability since
customers with
1 AEC-1 2016 5,521 6 6 20 USA, Ireland systems2 launch1
AEC-2 revenues > $1bn
Developed in
USA, Ireland,
2 AEC-2 2020 7,650 8 1 20 partnership with:
Denmark
95% of revenues from Tech and Global Carriers
3 CC-1 2012 135 72 72 30 Ireland, UK

Ireland, UK, 2021 Contracted revenue %

4 CC-2 20223 301 48 24 30 75%
Isle of Man

5 NSC 20223 661 8 1 20 Denmark, UK

50%
6 AEC-3 2022 5,921 16 1 18 USA, UK
NSC Global Tech
Global
CC-2 25% Industry Telecoms 54%
AEC-1 CC-1 4% 41%
0%
AEC-3
Developed alongside:
Aqua Comms’ Technology – A World first
Aqua Comms successfully trialled the first 400GB Trans-Atlantic service in
May 2021, delivering a 4x increase in data transfer capacity, carried over Ciena’s
GeoMesh Extreme network solution, commercially tested with Telia Carrier

10GB Current industry standards

100GB

4x increase in data transfer capacity

400GB

1 AEC-1 as at 31 July 2021; 2Including AEC-3 cable system; 3 RFS date expected by the end of Q1 2022 8
Asset investment 2: EMIC-1
Extending D9’s network to Asia, connecting 3 billion people
Overview
30,000km+ 3 • In July 2021 D9 entered into definitive agreements to deploy
continents connected by D9’s £50 million into the development of a new intercontinental fibre
subsea and terrestrial fibre
fibre network portfolio system, alongside a leading global content provider
owned by D9 following
following completion of
completion of EMIC-1 • The new system is an innovative, carrier-neutral network platform
EMIC-1
between Europe, the Middle-East and India comprising subsea and
terrestrial fibre assets which will connect key locations in these regions

3 billion 624m
people connected to the Internet users in India, 2nd
internet through EMIC-1 and largest global market, double
2Africa Pearls the size of the US market3,4

Data demand growth in Asia of 54%,

outpacing Europe and US2
Used international bandwidth

8,000
7,000
6,000 EMIC-1
(2009=100)

5,000 Part of the 2Africa Pearls

4,000 system developed by
3,000
2,000
1,000
0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Asia Europe U.S. & Canada

1 Initial committed investment of £22m with opportunities to deploy a further £28m over 3 years 4 Source: DataReportal – Digital 2021 The United States of America
2 Source: TeleGeography 5 Source: GSMA – The Mobile Economy Asia Pacific 2020 9
3 Source: DataReportal – Global 2021 India
 Asset investment 3:
Shifting energy-intensive data processing to areas of abundant green energy
Overview
£231m investment into an operational data centre platform located in
Iceland specialising in high performance computing (HPC), one of the
fastest growing subsectors in data centres, with growth rate of 12% p.a.1
The data centre platform’s primary asset is a 40 acre former NATO site,
powered by 100% renewable baseload electricity
D9’s existing regional and international network developments through
Aqua Comms further enhance Verne’s access to global customers
Delivering on D9’s purpose-driven strategy through alignment to
UN SDG 9 through the decarbonisation of digital infrastructure

Customers at the cutting edge

of data analytics
2021 contracted revenues by sector2

Other

IT & Cloud 5%

Finance 22% 40 MW 100% c.20x

Automotive 24% Capacity in Renewable power EV/Contracted run-rate
AI & 47% operation & development generation EBITDA Multiple
Machine Learning

1Source: 10
Hyperion Research – Market Update Briefing SC21 2As at July 2021;
Asset investment 3:

Low cost Sustainable Scalable

Delivering energy-intensive High Iceland’s climate provides a Considerable headroom for further
Performance Computing (HPC) cost geographical advantage in sustainability expansion at Verne Global’s 40-acre
effectively in continental Europe is 100% renewable power supply from campus, the site of a former NATO
challenging due to power supply geothermal and hydroelectric sources Allied Command base
constraints and high prices 40MW in operation or under
Free air cooling removes the need for
Access to ultra low cost, virtually chillers, which can account for 40% of a development, with further 60MW site
unlimited green power, combined with data centre’s operating costs capacity
the natural free cooling provided by
PUE of 1.18 makes Verne Global one of Significant network access, both as a
Iceland’s northern climate enable Verne
the most energy efficient data centres primary interconnect hub for Iceland
Global to provide HPC services at a
in Europe and strategically located close to 2
market leading cost subsea cable landing stations

80% 10-year 1.18 100% 40MW 100MW+

Power cost savings Visibility on ultra PUE, well below the Renewable power Capacity in Campus on former
compared to major low-cost power European average generation operation or under NATO base
European markets of 1.45 development1

11
1 24.0MW built by Dec-21, with an additional 20.7MW currently in development
 Asset investment 3:
Follow-on investment of $93m to fund expansion during 2022
$93m investment in Verne Global over the next 12 months to fund the
expansion of capacity by a further 20.7 MW
Expansion includes completion of a new 8.2 MW data hall and a further
12.5 MW of repurposed capacity to meet enterprise customer demand
Building to 40MW out of a possible 100MW on this campus, to meet faster
than expected growth in contracted demand

Additional facility expected to generate

incremental EBITDA of US$ 23m a year by 2025 1
Incremental EBITDA (USD millions) & Megawatts

50
40 40 40
40
32
24 30

20 $93m 20.7 MW $2.24m

10 Capex spend Additional capacity to be EBITDA per MW
in 2022 constructed added 1
0
2021 2022 2023 2024 2025

1 Recent addition generating $2.24m EBITDA per MW. This does not include existing facilities. 12
Asset investment 4: SeaEdge UK1
Northern England hub connecting America and the Nordics
Overview Aqua Comms cable North Sea Connect landing in SeaEdge UK1
£15m investment into an operational data centre located in Newcastle on
the UK’s largest data centre campus
Leased to and operated by Stellium Data Centres, via a 25-year lease, with
over 24 years remaining, benefiting from annual inflation indexing
10.6MW of installed capacity
The UK's only data centre that lands 2 subsea cables:
• North Sea Connect, part of the North Atlantic Loop subsea network with
AEC-1 and AEC-2, both owned and operated by D9’s Aqua Comms
• NO-UK subsea cable, operated by D9’s Aqua Comms
Delivering on D9’s alignment to the UN SDG 9 by improving connectivity
globally - in this case, to the North East of England

NO:UK Operated by
Aqua Comms

10.6 MW 25 year 6.14%

North Sea Connect Inflation-linked Net initial yield
Installed capacity
Owned and operated lease income at acquisition
by Aqua Comms

13
 Portfolio: Contract terms and inflation linkage

Recurring Revenue
by Contract Length SeaEdge UK1
100% 100% 100%

7.3 years 75% 75% 75%

50% 50% 50%

Weighted average
contract term for
recurring revenue 25% 25% 25%
across the portfolio
0% 0% 0%
1 – 3 years 3 – 5 years 5 – 10 years 10+ years 1 – 3 years 3 – 5 years 5 – 10 years 10+ years 1 - 3 years 3 - 5 years 5 - 10 years 10+ years

Recurring Revenue
by Indexation
SeaEdge UK1

Index
85% linked -
97%
Index
linked -
Of contracted recurring Other - 45%
revenues are inflation 55%
linked Index
linked -
Other -
100%
3%

* For the purposes of this analysis we have excluded short-term contracts with terms of less than 3 years 14
 Asset investment 5: TETRA Ireland
Exclusive, long-standing operator of public safety wireless communication networks in Ireland
Overview
Conditional agreement to acquire a majority (56%) stake in TETRA Ireland for ~600
approximately €76m, the exclusive operator of public safety wireless
sites across
communication networks in Ireland since 2006
Ireland
Long-term, inflation-linked pricing agreement with the RoI Government

Network offers >98% geographical coverage across the ROI with 99.97% network
uptime and 24/7 customer care
Opportunity to improve future service by coupling best of breed broadband
together with the high reliability of the Tetra service 24k
97% of revenue from Irish Government public bodies, with customer base
comprising c. 70 government agencies and 24,000 active subscribers principally Active
subscribers
across emergency services, local government and public services
Tetra is D9’s first investment in its target wireless subsector and the opportunity
is in line with the Company’s focus on UN Sustainable Development Goal 9

97% of users from Irish Government entities

Subscribers as at Sept 2021
c.10%
Average 10 year
Government 97% dividend yield

Charity 2%

Enterprise 1%

Garda National Prison Fire Mountain Coast

Siochana Ambulance Service Departments Rescue Guard
(Police) Services
17 years with renewal options at the same terms every 6 months for a further 2 years.
2 Past performance is not indicative of future performance 2 Subscribers as at Sep-2021 15
Near-term pipeline: Illustrative asset
Enabling mission-critical services to the local population

Asset overview
Mission-critical wireless infrastructure providing 99%+ population coverage

Fast growing, yielding IOT platform serving the utilities sector, opportunity
to expand into other B2B

Strong visibility of future revenues and high cash generation through long-
term (>10 years), inflation-linked contracts with blue chip customers

Delivering on D9’s mission to address the digital divide and improving

connectivity, the opportunity is in line with the Company’s focus on UN
Sustainable Development Goal 9.

10m+ > 10 years 50m

Premises can connect Weighted average Data points delivered
to IoT platform contract term daily on IoT platform

1 This
is included for illustrative purposes. There is no guarantee that an agreement will be entered into in
16
respect of this opportunity
 Indicative Portfolio: Combining the existing portfolio with new opportunities

Recurring Revenue
by Contract Length Immediate Pipeline1
D9 Indicative Portfolio2 100% 100%
100%

7.6 years 75%

75% 75%

Weighted average 50% 50%

50%
contract term for
recurring revenue 25% 25%
across the indicative 25%
portfolio
0% 0%
0% 1 - 3 years 3 - 5 years 5 - 10 years 10+ years 1 - 3 years 3 - 5 years 5 - 10 years 10+ years
1 - 3 years 3 - 5 years 5 - 10 years 10+ years

Recurring Revenue
Immediate Pipeline
by Indexation D9 Indicative Portfolio

81%
Index
83%
Linked
83% Index
Linked
100%
Of contracted revenues
Index 19% Other
are inflation linked 17% linked
contracts across the Other
indicative portfolio

* For the purposes of this analysis we have excluded short-term contracts with terms of less than 3 years (1) Proforma for the immediate pipeline (2) D9 has agreed to acquire a 56% stake in Tetra Ireland. The Company may have the opportunity to increase the acquisition up to 100% and this slides assumes
100% ownership. This slide contains illustrations assuming (and taking into account on an illustrative basis only) the successful acquisition of Tetra Ireland and immediate pipeline opportunities. No guarantees can be placed on the successful completion of these assets. 17
Indicative portfolio including opportunities in immediate pipeline

D9 pro forma GAV by sector1 Implied acquisition multiple – proforma for leverage and platform growth
Subsea
Data centre 26%
30%

Adding £300m of debt

Wireless reduces the average
44% multiple of the pro
forma fund to 9.4x
Investing an additional
40MW into our existing
data centre platform
reduces the average
D9 pro forma currency exposure multiple of the pro
forma fund to 7.4x

EUR
23%

GBP USD
40% 36%
Benefit of leverage
ISK D9 pro forma Adding leverage Levered Investing in 40MW DC
& platform to
1% avg. multiple multiple platform expansion
EBITDA

1 D9portfolio GAV £'m (including deals in immediate pipeline)

The information contained in this slide contains illustrative comparisons only and assumes (and takes into account on an illustrative basis only), the successful completion on the acquisition of Tetra Ireland and immediate pipeline opportunity. No guarantees
can be placed on the successful completion of these assets. The data is based on a combination of actual and estimated figures reviewed by TPIM based on certain assumptions. Platform expansion akes into account management calculations and estimations of 18
EBITDA per MW across all of Verne's facilities, and not just the additional 40MW. No undue reliance should be placed on these graphs .
Illustrative portfolio cashflow per share

40MW Verne
£300m debt expansion
deployed
@11.2x
Immediate
pipeline

Tetra Ireland

Cashflow as at 30 Jun 21 SeaEdge UK1 Tetra Ireland Immediate pipeline £300m debt deployment 40MW Verne expansion Total

This slide is illustrative only and shows potential routes to the generation of value in the future. This is not a profit forecast or a target return to shareholders. No undue reliance should be placed on this slide. There is no guarantee that any of the
potential events set out in this slide will happen, or that they will generate the additional cash flow as set out in this slide. Platform expansion takes into account management calculations and estimations of EBITDA per MW across all of Verne's
facilities, and not just the additional 40MW. Jun-21 Cashflow adjusted for the impact of £200m equity raise @ 108p and £275m equity raise @ 107.5p. Debt deployment assumes a £300m RCF is in place generating EBITDA at our average pro forma
fund multiple of 11.2x (which is a pro forma metric assuming immediate pipeline is acquired), less interest costs. Verne expansion assumes 40MW is constructed at the existing Verne Global site, adjusted for the impact of $100m equity raise to 19
fund capex and 60% leverage.
Portfolio: Illustrative valuation using comparable multiples
EBITDA multiples Illustrative D9 NAV, reaching 150p if using a comparable market multiples methodology
Subsea Fibre
50x
Verne Global
40x @ Green Mountain
multiple
30x
23.1x
20x
11.6x
10x

0x
Aqua Comms GCX (legacy Aqua Comms
(modern cables) cables) @ GCX
multiple

EBITDA multiples
Data Centres
50x
38.4x
40x

30x
20.1x
20x

10x Illustrative enhanced NAV: Illustrative enhanced NAV:

D9 NAV as at Illustrative D9 NAV
Aqua Comms Verne Global
30 Jun 2021
0x @ GCX multiple @ Green Mountain multiple
Verne (HPC) Green Mountain
(Colocation)

1 This chart illustrates D9’s latest published NAV of 103.34p as at 30 June 2021. This chart is a hypothetical exercise undertaken by the investment manager, where Aqua Comms and Verne are revalued, for illustrative purposes only, by using the multiples from recent transactions in comparable
sectors (as set out in the two charts on the left of this page) to the most recently declared EBITDA numbers. This chart is illustrative only and is based on EBITDA multiples paid for Global Cloud Xchange (in relation to Aqua Comms) and Green Mountain (in relation to Verne). Lower multiples have also
been paid for businesses in similar sectors in recent transactions. This graph provides an illustration of the potential positive impact on D9's NAV of these higher multiples and is based on models and assumptions prepared by the investment manager, noting that D9’s actual NAV valuation
methodology is based on audited discount cash flows analysis and multiples are only used as a sense check. D9's NAV, as published, will therefore not reflect these numbers, and there is no guarantee that the assets could be sold for similar multiples. The information contained in this slide is 20
illustrative only and is not a profit forecast. There is no guarantee that any such valuations can or will be achieved. No undue reliance should be placed on these graphs.
 Pipeline: People, Purpose, Platform
Not in an
No. of Not in an
Near term £’m %
assets
auction process
Wider term £’m %
No. of
auction process
£’m Europe assets
£’m
Data centre 80 16% 3 10 & UK
Data centre 322 24% 4 276
Subsea fibre 28 6% 1 28
Subsea fibre2 664 50% 3 364
Terrestrial - - - -
Terrestrial 355 26% 2 50
Wireless 392 78% 3 286
Wireless - 0% 0 -
Total 500 100% 7 324
Total 1,341 100% 9 690

SeaEdge UK1
North
America

EMIC-1

APAC,
Middle
East
& Africa

Note: there are no legally binding agreements in place concerning the acquisition of the investments identified with the pipeline of investment opportunities and there can be 2 One subsea fibre deal includes terrestrial fibre component
no guarantee that any such agreements will be entered into or that the Company will acquire all or any of the pipeline investments referred to in this presentation 21
 Key terms
The Company Digital 9 Infrastructure plc (Ticker: DGI9) Target dividend 6p per share p.a. payable in year 1, equivalent to 4.5 pence per share for
the nine month period from IPO to 31 December 2021. 3.0p per share
declared and paid during 2021 relating to the period from IPO to 30
Structure Jersey-incorporated and UK tax-domiciled Investment Trust
September 2021

Issue Targeting £200m Gross Proceeds raised via a placing of new ordinary The new Ordinary Shares issued under the Placing will rank pari passu
shares with existing Ordinary Shares, including the right to receive dividends
and distributions declared after admission of the new Ordinary Shares. In
Market Specialist Fund Segment of the Main Market of the LSE particular, the new Ordinary Shares will have the right to receive the
dividend in respect of Q4 2021, expected to be in the order of 1.5p per
Market Capitalisation £877.1 million1 share
Target total return 10% target NAV total return (net) on Issue Price
Manager/AIFM Triple Point Investment Management LLP
Valuation The valuation is driven by the fair value of the Company’s investments in
Digital Infrastructure assets calculated in accordance with IPEV
Investment Policy Investing solely in key resilient digital infrastructure assets (International Private Equity and Venture Capital) valuation guidelines
where appropriate to comply with IAS 39
Providing key infrastructure for global data transfer and storage
Valuation of Initial Assets and future pipeline assets to be independently
Long-term contracts underpinned by high-quality counterparties
verified when acquired from development partner

Management Fee 1.0% of NAV up to £500m Discount control and If the Ordinary Shares trade at an average discount of 10%+ over any
continuation vote given six-month period, it will be the Board's intention to use
0.9% of NAV between £500m - £1bn uncommitted cash to undertake share buybacks

Gearing
1 Figures as at 1 February 2022
0.8% of NAV on £1bn+
No performance fees or any other ongoing fees
No structural gearing at D9 level (although may utilise short-term RCF
for acquisition purposes)
Gearing at the investee company level - only at a prudent level,
appropriate for the investee company and specific sub-sector
A continuation vote will be proposed at the AGM in 2026 and each fifth
AGM thereafter
Governance An independent board of directors; compliant with the AIC Corporate
Governance Code
The dividend and return targets stated above are Sterling denominated returns targets only and not a profit forecast. There
can be no assurance that these targets will be met and they should not be taken as an indication of the Company's expected
future results. Accordingly, potential investors should not place any reliance on these targets in deciding whether or not to
invest in the Company and should decide for themselves whether or not the target dividend and target net total accounting
return are reasonable or achievable.

22
Digital 9 Infrastructure Plc Overview

Pure play exposure to a critical and growing £400 billion asset class: Digital Infrastructure, listed on the LSE with ticker DGI9

Platform-driven approach already being proved in subsea fibre and green data centres, with expansion and capital deployment

Portfolio revenue is contracted on average for over 7 years with 85% inflation indexation

Unique purpose driven approach, aligned to UN Sustainable Development Goal 9: improving connectivity and decarbonisation

Investment Manager transaction experience of >$250bn in digital infrastructure

£500m+ near term pipeline, capable of completion within 6 months

In depth relationships across the FAANGs and global telecoms companies, driving further D9 portfolio synergies

Annualised total shareholder return of 23.1% in 20211, with a target 10% total NAV return and 6p dividend

1 Source: Thomson Reuters Eikon, total annualised shareholder return for the period from IPO, 31 March 2021, to 31 December 2021 assuming an initial acquisition price of 100p per share and reinvestment of dividends 23
Appendix

24
Investment Manager: Triple Point Investment Management LLP

Extensive industry and execution

experience across the management E S
team, Board and portfolio companies
G
$250bn 180+ Our purpose is at the heart of our investment strategy, which we
of digital infrastructure
transaction experience
employees have aligned around the UN’s Sustainable Development Goal 9:
• Increase connectivity to the internet and reducing the
PEOPLE PURPOSE digital divide
• Environmentally sustainable investment, including
decarbonisation of digital infrastructure

42% £2.5bn ESG implementation:

IRR on realised
Assets under Pre transaction: identify improvements against D9’s scorecard
infrastructure
management PROFIT
investments1 Post transaction:
• Implement and track across best practices and guidelines
(UN Global Compact) & D9’s scorecard
• Integrate into our portfolio management best practices
(including risk assessment)
• Demonstrate sector leadership within our portfolio
companies

1 Past performance is not an indication of future performance 25

ESG alignment

Our ESG policy was guided by relevant frameworks, D9’s Memberships

regulations, best practices and global initiatives Triple Point is a member of the
Sustainable Digital Infrastructure
Alliance (SDIA) which guides our
data centre net-zero expectations
and assessment

D9 via Aqua Comms is applying to

become a member of the World
Triple Point has been a Triple Point is compliant Triple Point is applying to Ocean Council, the alliance for
signatory to the United with and discloses in line become a B Corp, which corporate ocean responsibility
Nations’ Principles for with the UK’s formalises our
Responsible Investing Sustainability Disclosure consideration of social
(PRIs) since 2019 Requirements (SDRs) and environmental impact D9’s Initiatives
Aqua Comms has partnered with
the ITU/UN’s Taskforce on SMaRT
Submarine Cables to encourage
the use of cables for seismic
monitoring

D9 is compliant with and D9 applies an additional Triple Point is compliant Aqua Comms is supporting NYU
discloses in line with the review of the climate risk with and discloses in line research into the carbon
EU’s Sustainable Financial exposure of investments, with the EU Taxonomy efficiency of subsea cables and
Disclosure Regulation aligning to the TCFD’s Article 8, which guides our maximising the environmental
(SFDR) Article 8, which is framework of integration of ESG and sustainability of digital
publicly available on our Governance, Strategy, account of sustainability infrastructure
website Risk Management and within all our investments
Metrics and Targets
26
Global Leading Expertise in Digital Infrastructure
$250 billion of digital infrastructure transaction experience
Board of Directors
Jack Waters – Independent Chairman
Former COO of Zayo Group Holdings Inc, NYSE listed, $14bn acquisition
in 2020 by EQT and Digital Colony.
During his tenure Zayo owned c.13million miles of fibre and 45 data
centres in the US and Europe. Jack led the operations of the Group and
had a key role in the growth by acquisition strategy.
Investment Manager
Thor Johnsen, Head of Investments, D9
Thor is the Fund Manager for D9. He has over 15 years’ experience in
infrastructure investment and over 22 years in M&A, deploying over $3
billion, including as head of infrastructure investment for Arcapita Bank
across Europe. He has been responsible for managing digital
infrastructure portfolios for 7 years, covering subsea fibre, wireless 5G
networks and data centres.
Operating Partners
Alan Harper
12 years at Vodafone Plc including as Group Strategy Director, led c.$200bn
of acquisitions. Co-founded/CEO Eaton Towers, a leading tower company,
acquired by American Tower for c.$1.9bn in 2019.
Ed McCormack
8 years at FLAG Telecom including as CEO, led the development of
c.52,000km global portfolio of sub-sea fibre. Currently also a senior
adviser to Ciena, a telecoms equipment supplier with market
capitalisation of over $8bn.
Steve Andrews
25 years as an Executive at BT Plc, including as President of Global Carrier
business, responsible for managing BT’s Network Operations across 125
countries and was a member of BT Group Capital Investment Committee.
Previously chairman of PE backed Azzurri Communications until successful
exit in 2016.
Simon Beresford-Wylie
Ex-CEO of Arqiva, led sale of Arqiva’s telecoms division for c.£2bn, and Indoor
Networks portfolio sale to Wireless Infrastructure Group (WIG), a 3i
Infrastructure company. Previously VP at Networks Business Unit of Samsung
Electronics and founding CEO of Nokia Siemens Networks.
27
Board of Directors

John (Jack) Waters Jr. – Independent Chairman

Jack Waters has significant experience in the digital infrastructure sector with an executive career spanning over 30 years. Most recently, Jack was President of Zayo Networks and Chief Operating Officer at
Zayo Group Holdings Inc (“Zayo”) which was listed on the New York Stock Exchange prior to its US$14.3 billion take private in 2019. During his tenure, Zayo owned c. 13m miles of fibre and 45 data centres in
the US and Europe.. Prior to joining Zayo, Jack was Chief Technology Officer and one of the founding senior executives at Level 3 Communications, where he was focused on global network technology,
architecture, engineering, process and security. He also held management positions at MCI Communications and the Southeastern University Research and Academic Network. Jack has served on the board of
directors for the Colorado Technology Association and the U.S. Federal Communications Commission Technical Advisory Council

Lisa Harrington
Lisa Harrington is a tech executive and has spent 25 years growing and transforming business across a range of sectors including telecommunications, technology and utilities, advising companies such as
Hyperoptic Limited. Joining British Telecom ("BT") in 2007, Lisa spent 10 years in a range of leadership positions with her final role being Chief Customer Officer BT Group, reporting to the CEO. Lisa is
currently a Non-Executive Director of Post Office Limited, and has previously held non-executive posts on the boards of Southern Water and West London NHS Mental Trust. She started her career at
Accenture in Ireland and the UK and, more recently, was managing director Tech Learning Division of QA Limited, one of the biggest tech and cyber skills providers in the UK

Charlotte Valeur
Charlotte Valeur has over 35 years’ experience in finance, primarily in Denmark and the UK. Charlotte’s previous non-executive roles include Chairing Kennedy Wilson Europe Real Estate Plc (FTSE 250) and
DW Catalyst Fund Ltd, and Non-executive Director on the boards of 3i Infrastructure Plc (FTSE 250), NTR Plc, Renewable Energy Generation Limited and JPMorgan Convertibles Income Fund Ltd. She is
currently Chair of Blackstone/GSO Loan Financing Ltd, a Non-executive Director of Laing O’Rourke plc and a member of the Primary Markets Group of the London Stock Exchange.

Monique O’Keefe
Monique O’Keefe has over 25 years’ experience in finance and law. She is currently a Non-executive Director on two listed boards, Foresight Solar Fund Limited (FTSE 250) and Phoenix Spree Deutschland
Limited, as well as a select number of private funds. She also sits on the Board of Commissioners at the Jersey Financial Services Commission and is the co-founder of investment consultancy business, Kairos
Wealth Limited. Prior to this, Monique was at Merrill Lynch and Goldman Sachs in London and New York working in structured finance, and previously a structured finance lawyer at Clifford Chance in London.

Keith Mansfield - Head of Audit Committee

Keith Mansfield is a Chartered Accountant by background and brings extensive accountancy experience, having worked at PricewaterhouseCoopers LLP ("PwC") for over 30 years, during which time he served
as Chairman of PwC in London responsible for assurance, tax and advisory services. As a partner for 22 years, he advised many public and private companies across a range of industry sectors. Keith is a Non-
executive Director (and Chair of the Audit Committee) of Tritax EuroBox plc (of which he is also Senior Independent Director) and Motorpoint Group plc. He was also a Non-executive Director of Tarsus Plc
until its management buyout in August 2019 and was previously a non-executive director of Real Time Sports Bingo Limited. He is Chairman of the board of Albermarle Fairoaks Airport Limited and also sits on
the investment advisory board of Nexus Investment Ventures Limited.

28
 Disclaimer
THIS DOCUMENT IS STRICTLY CONFIDENTIAL AND IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION IN CONNECTION WITH THE PROPOSED ADMISSION OF NEW ORDINARY SHARES IN THE SHARE CAPITAL OF DIGITAL 9 INFRASTRUCTURE PLC (“D9") ON THE SPECIALIST FUND SEGMENT
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ECONOMIC AREA ("EEA") (OTHER THAN ANY MEMBER STATE OF THE EEA WHERE SECURITIES MAY BE LAWFULLY MARKETED
Important information

This document is issued by Triple Point Investment Management LLP ("TPIM") in relation to the proposed placing by Digital 9 Infrastructure plc ("D9") pursuant to D9's placing programme (the details of which are set out in its prospectus dated 8 March 2021 as supplemented by a supplementary
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