MIG Announces Completion of Acquisition of Additional Interest in Highway 407

29 April 2002

Not for release in the United States, Canada or Japan. This information does not constitute an offer or solicitation in the United States or to any US person (as defined in Regulation S under the US Securities Act of 1933, as amended) or in any other jurisdiction in which such an offer or solicitation is not authorised or to any other person to whom it is unlawful to make such an offer or solicitation.

Macquarie Infrastructure Group (MIG) today announced that it had completed the acquisition of an additional direct and indirect fully diluted 18.45% interest in 407 International Inc. - the concession owner for Highway 407. As a result of the finalisation of the acquisition, MIG's fully diluted direct and indirect interests total 42.97%, making MIG a significant investor in the asset.

As announced on 20 March 2002, MIG entered into several agreements for the acquisition, namely:

As a result of the finalisation of the acquisition, the fully diluted interests are as follows:

Commenting on the completion of the acquisitions, MIG Managing Director, Anthony Kahn, said "we are very pleased to have increased our interest in Highway 407 and are committed to continuing the high standard of service delivery to the growing 407 customer base."

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