Restructure Complete

20 January 2005

Macquarie Infrastructure Group (MIG) announced today that the High Court in London has confirmed the previously announced reduction of the share premium account of Macquarie European Infrastructure plc (MEIP) at a hearing on 18 January 2005.  The reduction is effective 19 January 2005 (UK time).

The reduction relates to part of the proceeds from the Cintra Initial Public Offer, the details of which were confirmed in November 2004 and approved by security holders at the MIG Annual General Meeting (AGM) on 30 November 2004.  At that meeting, MIG announced distribution guidance for the half year to 30 June 2005  of 13.75 cents per stapled security, 10 cents of which is subject to the confirmation above by the High Court in London.

This is the final step in the MIG restructure which was approved by security holders at the AGM.

For further information, please contact:

Investor Enquiries
Peter Johnston
Head of Investor Relations
Mobile: (61) 413 994055
Email: peter.johnston@macquarie.com

Media Enquiries
Suzanne Mercer
Public Affairs Manager
Tel: (612) 8232 8525
Email: suzanne.mercer@macquarie.com

Investor Enquiries
Bianca Francis
Investor Relations Manager
Tel: 61 2 8232 5007
Email: bianca.francis@macquarie.com