MIG Completes $675 million Placement and Notification of Record Date for Security Purchase Plan

01 September 2005

Macquarie Infrastructure Group (MIG) advises that it has successfully completed a placement of approximately $675 million ordinary stapled securities to institutional and sophisticated investors.

MIG announced on 30 August 2005 its intention to invest in Dulles Greenway, a toll road located in Virginia, USA. The placement as well as a Security Purchase Plan (SPP) will fund the investment.  Financial close of the investment is anticipated to occur by mid-September 2005.

Mr Stephen Allen, Chief Executive Officer of MIG said, “The placement was well supported, with demand from a broad range of investors around the world.  An issue price of $3.87 per stapled security was achieved under the book build representing a 0.5% discount to MIG’s closing price on 29 August 2005.  A total of 174.4 million new stapled securities will be issued.”

The new stapled securities issued under the placement are expected to settle on 6 September 2005 and commence trading on 7 September 2005, ranking pari passu with existing MIG stapled securities.

MIG is now offering eligible stapled security holders the opportunity to subscribe for up to $5,000 worth of MIG stapled securities per stapled security holder at the price of $3.87, being the determined placement price, under a SPP. 

Participation in the SPP is open to all holders of MIG stapled securities as at 7.00pm (Sydney time) on 1 September 2005 (the record date) whose registered address is in Australia or New Zealand. Applicants under the SPP will not incur brokerage or other transaction costs. The SPP is not underwritten.

Further details of the SPP will be sent to eligible MIG security holders shortly.

The placement was joint lead managed by Macquarie Equity Capital Markets Limited and Credit Suisse First Boston Australia Limited.

These materials do not constitute an offer of securities for sale in the United States, and the securities referred to in these materials have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration.

For further information 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

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