Paul McClintock appointed to Board of Macquarie Infrastructure Investment Management Limited

12 May 2003

Macquarie Infrastructure Group (MIG) is pleased to announce the appointment of Mr Paul McClintock to the Board of Macquarie Infrastructure Investment Management Limited (MIIML). MIIML is primarily responsible for the management of MIG.

Chairman of MIIML Mr Mark Johnson said, "Mr McClintock brings with him extensive investment banking, commercial, legal and government expertise.  He has an ideal combination of skills that will further enhance the board of MIIML.

"Mr McClintock was principal of the private investment banking firm McClintock Associates since 1985.  From July 2000 to March 2003  he was Secretary to the Cabinet and Head of the Cabinet Policy Unit for the Australian Government, after which he has returned to the private sector.

"In line with Macquarie Bank's corporate governance guidelines there are a majority of independent directors on the board of MIIML," Mr Johnson said.

Paul McClintock has also held a number of company directorships, including:

• Chairman of Ashton Mining (1998-2000),
• Director of Homestake Mining (1998-2000)
• Chairman of Plutonic Resources (1996-1998)
• Director of WA Diamond Trust (1997 - 2000)
• Director of Tower Life Aust. Ltd (1994 - 2000) and
• President of the Australia-Malaysia Business Council (1994-1999).

Prior to his career in finance he was Senior Private Secretary to Prime Minister John Howard who at that time was the Minister for Business and Consumer Affairs, and subsequently Treasurer, from 1976-1978.

He graduated from Sydney University with a Bachelor of Arts and a Bachelor of Law.

Mr McClintock joins independent directors Tony Bancroft, Michael Easson and David Mortimer.  The Macquarie Bank Executives on the Board are Mark Johnson (Chairman), Anthony Kahn and Nicholas Moore.

Macquarie Infrastructure Group (MIG) is one of the world's largest private toll road operators, with assets in Australia, North America and Europe.  MIG is a ASX top 25 company with a current market capitalisation of about $6.4 billion.

Media Enquiries
Jane Rotsey
Public Affairs Manager
Mobile: (61) 401 997 160
Email: jane.rotsey@macquarie.com