MIG - Securitisation of Future Airport Motorway Group Cash Flows

08 July 2005

Macquarie Infrastructure Group (MIG) announced today that it has introduced new facilities in relation to its 71.35% investment in Airport Motorway Group (AMG), the concession company for the Eastern Distributor.

The $150 million facilities are a securitisation of part of the expected future distributions from AMG and will be held in a funding trust wholly owned by MIG.

The facilities have a term of 4.3 years with a 100% bullet repayment on 1 November 2009 or can be repaid earlier without penalty.  The facilities carry a margin of between 0.70% and 1.50% on a sliding scale depending on interest coverage ratios.  MIG will execute interest rate swaps that fix the base interest rate (excluding the margin) for 80% of the facilities when funds are drawn down.

It is expected that the facilities will be drawn down over the next 12 months.

Westpac Banking Corporation and Commonwealth Bank of Australia have provided the new facilities.

For further information, please contact:

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

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

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