MCG Upgrades 2006 Distribution Guidance to 39 Cents

19 October 2005

Macquarie Communications Infrastructure Group (MCG) today announced an upgrade of its distribution guidance for the year ended 30 June 2006 to 39 cents per stapled security.  The upgrade represents an increase of 3 cents, or 8.3% from the previous guidance for 2006 and a 34.5% increase on the total distribution for 2005.

MCG Chief Executive Officer, Mr Scott Davies said, “Strong performances from our enhanced communications infrastructure portfolio are continuing to drive MCG’s ability to increase returns to our investors.  Today’s upgraded distribution guidance of 39 cents per stapled security for the year ended 30 June 2006 represents a 34.5% increase on the 2005 distribution of 29.0 cents per stapled security.

“The outlook for MCG in 2006 remains positive.  Broadcast Australia and Arqiva are both well positioned, with substantial revenues already locked in through long-term customer contracts as well as numerous opportunities for growth.  MCG’s management team will continue to work closely with the operational management teams to pursue these value-add opportunities.”

MCG’s 2005 AGM presentation has also been released to the Australian Stock Exchange and is available on the MCG website: www.macquarie.com.au/mcg

For further information, please contact:

Richard Nelson
Investor Relations
Macquarie Group
Tel: (612) 8232 5008
Email: richard.nelson@macquarie.com

Media Enquiries
Suzanne Mercer
Public Affairs Manager
Tel: (612) 8232 8525
Email: suzanne.mercer@macquarie.com