Macquarie Infrastructure Group (MIG) Financial Results to 30 June 1999

13 August 1999

The Directors of Macquarie Infrastructure Investment Management Limited, the Manager of the Macquarie Infrastructure Group (MIG) are pleased to announce the following:

MIG Financial Performance - 1998/99 (Unaudited)

Details of the unaudited MIG financial results are as follows:

Distributions and Net Income

The MIG net operating result after abnormal items and income tax for 1998/99 was $179.7 million, a 116.8% increase on the previous corresponding period of $82.9 million.

A distribution of 5.00 cents per stapled security was made for the December 1998 half year and a distribution of 5.00 cents will be paid on 18 August 1999 for the June 1999 half year. These distributions represent a return of 6.8% on the closing price of ITA securities at 30 June 1999.

Assets

The Group’s net assets as at 30 June 1999 were $787.1 million giving an NTA per Stapled Security of $1.41 The corresponding figures as at 30 June 1998 were $545.4 million and $1.13

Revaluations

During the period the following assets were revalued in line with the Group’s accounting policies.

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