Correction to Annual General Meeting Presentation

28 October 2003

At the Macquarie Communications Infrastructure Group (MCG) Annual General Meeting held on Wednesday 22 October 2003 it was stated that the distribution forecasts of 22.4 cents and 28.8 cents, for 2004 and 2005 respectively, will amount to a 6% increase payable to security holders in both years.

This should have read as a 7% increase payable to security holders in both 2004 and 2005. As outlined in an MCG ASX release dated 12 September 2003, this increase is due to the number of securities on issue increasing from 155 million at IPO to more than 165 million securities on issue currently.

For further information please contact:

Investor Enquiries
Geetika Marwaha
Investor Relations Manager
Tel: (61 2) 8232 5301
Email: geetika.marwaha@macquarie.com

Media Enquiries
Jane Rotsey
Public Affairs Manager
Mobile: (61) 401 997 160
Email: jane.rotsey@macquarie.com