Invite to Investor Update

14 November 2003

Dear MCG investor

Macquarie Communications Infrastructure Group (MCG) would like to invite you to an investor update on the outlook for MCG and recent developments at Broadcast Australia. Broadcast Australia is the100% owned cornerstone asset of MCG.

Some of the topics that will be covered include:

1. Broadcast Australia’s role in digital television
2. Update on new revenue opportunities for Broadcast Australia
3. Outlook for MCG

Please feel free to invite your stockbroker or financial adviser to attend with you. After the presentation light refreshments will be provided and there will be an opportunity to meet with management and ask questions.

Presentations will be held in Sydney, Melbourne and Brisbane. The details are as follows:

If you would like to attend, please RSVP to mcig@macquarie.com or telephone Karen Mullaney on (02) 8232 7936 by Friday 28 November.

Yours sincerely

Scott Davies
Chief Executive Officer