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FUTURE GENERATION AUSTRALIA LIMITED Board/Management Information 2008

Dec 9, 2008

64916_rns_2008-12-09_6e9052a1-d2ab-41a1-89a4-aeacf079c8c8.pdf

Board/Management Information

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ASX Announcement

Australian Infrastructure Fund (AIX)

10 December 2008

Stephen Gibbs appointed to the Hastings Board

Hastings Funds Management Limited (Hastings) as responsible entity for AIX today announced that Stephen Gibbs has been appointed to the Hastings Board as a non-executive and independent director, with effect from 16 December 2008.

Stephen joins the Hastings Board following an extensive and successful career which included senior roles in industry, superannuation and investment management. Stephen was Chief Executive Officer of Australian Reward Investment Alliance (ARIA), a position he held from January 2000 until January 2008. During his eight year tenure, Stephen managed ARIA’s significant growth from approximately $10 billion in funds under management to nearly $20 billion.

Prior to his role at ARIA, Stephen was the Executive Officer of the Australian Institute of Superannuation Trustees and has previously held board positions with Boeing Australia Limited and Aerospace Technologies of Australia.

Stephen brings a deep knowledge of the issues facing investors, the management of asset portfolios and a range of other skills to the Hastings Board.

For further enquiries, please contact:

Jeff Pollock Chief Executive Officer

Australian Infrastructure Fund Tel: +61 3 9654 4477 Fax: +61 3 9650 6555 Email: [email protected] 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: [email protected] 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