Securitisation of Future Interlink Roads and Statewide Roads Cash Flows

20 December 2005

Macquarie Infrastructure Group (MIG) announced today that it has introduced new facilities in relation to its investment in Interlink Roads and Statewide Roads.

Interlink Roads (ILR) is the concession company for the M5 in which MIG has a 50.0% interest. Statewide Roads (SWR) is the concession company for the M4 in which MIG has a 50.6% economic interest.

The $125 million facilities are a securitisation of part of the expected future distributions from ILR and SWR and will be held in a funding trust wholly owned by MIG.

The facilities have a term of 3 years with a 100% bullet repayment on 31 December 2008 or can be repaid earlier without penalty. The facilities carry a margin of between 0.65% and 1.45% on a sliding scale depending on interest coverage ratios. MIG will execute interest rate swaps for the term of the facility that fix the base interest rate (excluding the margin) for at least 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 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