MIG Full Year Results to 30 June 1999 Infrastructure Group

13 August 1999

The Directors of Macquarie Infrastructure Investment Management Limited, the Manager of the Macquarie Infrastructure Group ("MIG") are pleased to announce an underwriting agreement has been signed with Macquarie Equity Capital Markets Limited in respect of a capital raising of $428.1 million by way of a one for two renounceable rights issue of 285.4 million Stapled Securities at an issue price of $1.50.

Under the agreement the Underwriter has no right of termination in respect of stock market or interest rate changes.

Details of the rights issue timetable will be announced on registration of the prospectus which is anticipated to be lodged with the Australian Securities and Investment Commission next week.

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