FUTURE GENERATION AUSTRALIA LIMITED — Board/Management Information 2007

Aug 22, 2007

Total pages: 1

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ASX Announcement

Australian Infrastructure Fund (AIX)

23 August 2007

Alan Freer appointed to the Hastings Board

Hastings Funds Management Limited (Hastings) as responsible entity for AIX today announced that Alan Freer has been appointed to the Hastings Board as a non-executive and non-independent director, with effect from 1 September 2007.

Alan joins the Hastings Board following a career spanning nearly 35 years in both the public and private sectors. Alan has a broad background with extensive experience in the energy and logistics industries and expertise in managing multi-divisional and geographically dispersed businesses.

Most recently, Alan was Managing Director of the Hastings managed Epic Energy from July 2004 to July 2007 and made a valuable contribution by transforming Epic Energy into one of Australia’s best performing gas pipeline organisations. Alan has also held executive positions at AUSDOC Group Ltd, Email Limited and the State Electricity Commission of Victoria.

For further enquiries, please contact:

Peter McGregor Chief Operating Officer

Australian Infrastructure Fund Tel: +61 3 9654 4477 Fax: +61 3 9650 6555 Email: investor_relations@hfm.com.au Website: www.hfm.com.au

Simon Ondaatje

Head of Investor Relations

Hastings Funds Management Tel: +61 3 9654 4477 Fax: +61 3 9650 6555 Email: investor_relations@hfm.com.au Website: www.hfm.com.au

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Claire Filson Company Secretary

Australian Infrastructure Fund

Unless otherwise stated, the information contained in this document is for informational purposes only. It does not constitute an offer of securities and should not be relied upon as financial advice. The information has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person or entity. Before making an investment decision you should consider, with or without the assistance of a financial adviser, whether any investments are appropriate in light of your particular investment needs, objectives and financial circumstances. Neither Hastings, nor any of its related parties, guarantees the repayment of capital or performance of any of the entities referred to in this document and past performance is no guarantee of future performance. Hastings, as the Manager or Trustee of various funds, is entitled to receive management and performance fees.

www.hfm.com.au

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