Loy Yang A Sold to GEAC

08 April 2004

Macquarie Infrastructure Group (MIG) notes that the Great Energy Alliance Corporation (GEAC) Sale Agreement was completed today and Horizon Energy Investment Group (Horizon) has received $35,750,000, being its share of the proceeds.

MIG owns 170,000,000 staples securities in Horizon.

As a result of the sale, Horizon has advised that security holders can expect to receive just over 9 cents per stapled security.

MIG expects to receive $15.3 million as proceeds from the sale.

For further information, please contact:

Bianca Francis
Investor Relations Manager
Mobile: (61) 413 279 523
Email: bianca.francis@macquarie.com

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