MIG & Ferrovial Appointed Joint Global Coordinators for Cintra IPO

29 June 2004

Not for distribution in the United States, Canada or Japan.

Macquarie Infrastructure Group (MIG) today advised that MIG and Grupo Ferrovial (Ferrovial) have appointed BBVA, Citigroup, Grupo Santander and Merrill Lynch as the joint Global Coordinators for the proposed initial public offering (IPO) of Cintra Concesiones de Infraestructuras de Transporte, S.A. (Cintra).

The IPO of Cintra on the Spanish Stock Exchanges is expected to take place during the fourth quarter of the 2004 calendar year, subject to market conditions remaining favourable.

The appointment of the four joint Global Coordinators was agreed by MIG and Ferrovial, following consideration of detailed proposals from select international investment banks.

MIG and Ferrovial will now work with the joint Global Coordinators to finalise the structure for the IPO, within the parameters outlined in the MIG ASX release regarding the Cintra IPO on 4 June 2004.

MIG will be investigating options to facilitate participation in the Cintra IPO for existing MIG security holders.

MIG currently holds a 40% interest in Cintra. Ferrovial holds the remaining 60%.

This release does not constitute an offer of Cintra's securities for sale in the United States. Cintra's securities may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended, or an exemption from registration. No public offering of Cintra's securities is being made in the United States.

NOTICE
This document is not an offering of securities or a request for the acquisition of securities in the United States. The shares (the “Shares”) of Cintra Concesiones de Infraestructuras de Transporte, S.A. (“Cintra”) cannot be offered or sold in the United States either for, or on behalf of, or to benefit persons in the United States (as defined in Regulation S of the US Securities Act 1933 ("US Securities Act 1933"), unless those Shares are registered in accordance with the US Securities Act 1933 or are exempt from registration. The Shares have not been and will not be registered in accordance with the US Securities Act 1933. This document or any copy of it may not be taken or sent to the US, Canada or Japan and may not be distributed, either directly or indirectly, in the US, Canada or Japan or to any resident of these countries.

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