30 June 1999 Estimated Distribution

21 June 1999

The Directors of Macquarie Infrastructure Investment Management Limited (MIIML), the Manager of the ITA Group, today announced the following estimated distribution in respect of the ITA Group for the period ending 30 June 1999.

Distribution

The distribution rate will be confirmed following the audit of the results.

This will bring the total distribution paid for the financial year 1998/99 to 10 cents.

Distribution Reinvestment Plan

A distribution reinvestment plan is in operation for this distribution. A 2.5% discount will be applied to the weighted average price per stapled security of all sales on the five business days commencing 1 July 1999. Notice in relation to election to participate in the distribution reinvestment plan must be lodged with the Registry at National Registry Services Pty Limited by Thursday 24 June 1999.

For further information, please contact:

Dennis Eagar
Division Director
Macquarie Infrastructure Investment Management Limited
Tel: (02) 8232 6771
Mobile: 0414 345 176
Email: dennis.eagar@macquarie.com