Mitcham-Frankston Freeway Update

15 March 2004

Macquarie Infrastructure Group (MIG) today advised that it will not be participating in the ConnectEast consortium’s bid for the right to develop, maintain and operate the proposed Mitcham-Frankston Freeway (MFF) in Victoria.

MIG has looked at the projects it currently has under development and considers that it is appropriate to focus on the implementation and operation of its existing portfolio at this time.

For further information, please contact:

Alan Stockdale
Global Head, Investor and External Relations
Macquarie Infrastructure Group
Tel: 612 8232 6771
Mobile: 61 0 418 276 366
Email: alan.stockdale@macquarie.com

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