FUTURE GENERATION AUSTRALIA LIMITED — Capital/Financing Update 2007

Aug 26, 2007

Total pages: 3

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ASX Announcement

Australian Infrastructure Fund (AIX)

27 August 2007

Melbourne Airport announces $330m upgrade for its international terminal

Attached is a release from Melbourne Airport.

AIX owns 8.1 percent of Melbourne Airport.

AIX will announce its annual results on Wednesday 29 August 2007 at 9.00am.

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

M:\Marketing - Reporting\AIF\Announcements\Final ASX announcements for lodgement\AIF ASX Ann\2007\August\AIX_Mel_Airport_27_08_07.doc

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MEDIA RELEASE

Monday 27 August, 2007

AN UNRIVALLED PASSENGER EXPERIENCE:

$330m EXPANSIONS FOR MELBOURNE’S

INTERNATIONAL TERMINAL

Melbourne Airport is set for the largest upgrade of its international terminal (T2) since the airport was built in the late 1960s.

Consisting of a number of individual projects, the expansions will make enormous changes to T2 – adding a total of 25,000m² of new space - and will roll out over the next 5 years at a combined total cost of over $330m.

The first of these key projects will be completed in 2010, with the construction of a new outbound international passenger security and Customs processing zone. Creating a new outbound passenger screening area, this project will increase security stations from 6 to 10, and increase Customs desks from 18 to 24. Security will also now be located before Customs – reversing the current sequence and improving passenger flows into the international passenger area.

Melbourne’s international baggage capabilities will also be enhanced to improve efficiency, with space for an additional two A380 baggage carousels being created as part of the expansion projects. Baggage delivery for outbound flights will improve by 50% - from 3000 bags per hour to 4500 bags per hour by 2012.

A completely new 7,000m² passenger concourse will be also added to T2, providing 5 new aircraft parking bays – including three gates with dual-level aerobridges, which will each be able to accommodate one A380 or two smaller aircraft. This area has been designed to maximize parking space for aircraft and will provide the closest views of runway activity passengers have ever seen.

An entire new international passenger precinct will be created by 2011, which – along with a major redevelopment of existing facilities – will add more than 5,000m² of new passenger lounge, café, duty free and specialty shop space to T2. The new precinct will feature 10-metre high windows providing spectacular views into the airfield, and has been designed to incorporate signature elements and design features of Melbourne architecture.

Incoming Melbourne Airport CEO, Chris Woodruff, said that the expansion plans for T2 would set a new benchmark for airports in Australia.

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“These developments are set to revolutionise the international passenger experience at Melbourne Airport,“ said Mr Woodruff. “By late 2011, passengers will have unrivalled views of the Melbourne airfield, and an international terminal that is above and beyond anything seen in this country.”

Construction on the first stage of the T2 expansion is set to commence in November this year. The various projects are being undertaken at different times over the next 5 years to ensure passengers are not affected by the works.

Mr Woodruff also signaled the critical importance for Melbourne Airport’s to deliver the highest of construction safety standards during the development projects.

“The safety record for Melbourne Airport’s A380 developments over the past 4 years has been industry leading. Work to upgrade our runway, for example, was delivered without a single workplace injury. Construction safety will remain an absolute priority for us throughout these major developments.”

To find out more about the expansion of T2, including videos and photos, visit www.melbourneairport.com.au.

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Media information:

Melbourne Airport Corporate Affairs – (03) 9335 3666

Images and video of the T2 expansion projects are available on request.