FUTURE GENERATION AUSTRALIA LIMITED — Board/Management Information 2008

Jan 24, 2008

Total pages: 1

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ASX Announcement

Australian Infrastructure Fund (AIX)

25 January 2008

Jeff Pollock appointed as Chief Executive Officer of AIX

Hastings Funds Management (Hastings), the Responsible Entity for AIX, and Australian Infrastructure Fund Limited (AIFL) today announced that Jeff Pollock has been appointed as Chief Executive Officer (CEO) of AIX commencing 21[st] April 2008.

Jeff brings a wealth of transport infrastructure expertise to Hastings through his previous work experience. Jeff joins Hastings from Prime Infrastructure/Babcock and Brown Infrastructure (BBI) where he has been an integral part of the executive leadership team for the past six years, first as Prime Infrastructure/BBI’s Chief Financial Officer then as Chief Operating Officer for BBI Transport Infrastructure.

Jeff has made a significant leadership contribution to BBI’s strategy, focussing on management and operations of infrastructure and utilities in the transport and energy sectors. Jeff also has broad experience in asset management with his role as a Director on a range of BBI subsidiary boards in the transport sector.

Jeff has previously worked for the international accounting firms, Ernst and Young and PricewaterhouseCoopers and was a Director of the Queensland Government’s Office of Energy, managing complex stakeholder relationships dealing with energy reform issues. Jeff has a Bachelor of Accountancy from the University of Glasgow, and has been a member of the Institute of Chartered Accountants of Scotland since 1988.

Hastings’ Chief Executive, Steve Boulton said, “Jeff will create significant value for AIX. Jeff is an experienced transport infrastructure executive and provides an extensive working knowledge of transport assets. He also has strong funds management expertise and has worked on a number of successful M&A outcomes in his six years at Prime Infrastructure/BBI, delivering ongoing value to investors. Jeff’s exposure to the broader global transport infrastructure sector will complement the existing portfolio of AIX and will enhance the strong future growth opportunities which exist in the AIX business”

For further enquiries, please contact:

Steve Boulton	Paul Espie	Simon Ondaatje
Chief Executive Officer	Chairman	Head of Investor Relations
Hastings Funds Management	Australian Infrastructure Fund	Hastings Funds Management
Tel:+61 3 9654 4477	Tel:+61 2 9241 1000	Tel:+61 3 9654 4477
Fax:+61 3 9650 6555	Email:paul.espie@pacroad.com.au	Fax:+61 3 9650 6555
Email:investor_relations@hfm.com.au		Email:investor_relations@hfm.com.au
Website: www.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