FUTURE GENERATION AUSTRALIA LIMITED — Capital/Financing Update 2008

Oct 2, 2008

Total pages: 2

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ASX Announcement

Australian Infrastructure Fund (AIX)

3 October 2008

Queensland Airports Limited records strong performance for August

Attached is an announcement from Queensland Airports Limited (QAL).

AIX owns 49.1 percent of QAL and QAL represents 14.3 percent of the AIX portfolio.

For further enquiries, please contact:

Jeff Pollock Chief Executive 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

MEDIA RELEASE

1 October 2008

QUEENSLAND AIRPORTS LTD RECORDS STRONG

PERFORMANCE FOR AUGUST

The three airports owned and operated by Queensland Airports Ltd at Townsville, Mount Isa and Gold Coast have all again reported continued growth for August 2008.

Passenger movement figures for the month of August 2008, and the growth compared to August 2007 is summarised below:

Airport	August 2008	August 2008
	Passengers	Growth
Gold Coast	369,162	14.29%
Townsville	133,278	5.89%
Mount Isa	17,771	2.14%
QAL Group	520,211	11.57%

Queensland Airports Limited Managing Director, Mr Dennis Chant, said the figures were positive across the board.

“The average growth of more than 11.5 per cent across our airports is more than satisfactory at a time when both domestic and international airline networks are experiencing much lower growth figures.

It is positive record a growth of more than 11 per cent this month compared to August last year across the QAL group.

“It is particularly pleasing to note the increase in passengers in the Gold Coast. While Qantas withdrew its twice-daily service to Sydney on 31 July, the increases in capacity by our other airline partners has ensured growth in passenger numbers for Gold Coast Airport continues.

“It is clear that Gold Coast Airport’s focus on the low cost carrier market has positioned it well to withstand the loss of this service. With announcements on new international services starting this week, we look forward to seeing continued growth for this port.

“Townsville Airport also continues to have robust growth, highlighting the importance of the resourced-driven business market for the destinations.

“As Mount Isa Airport has faced reduced regional airline capacity over the past month, its more modest growth is not surprising,” Mr Chant said.

ENDS

Media enquiries:

Elissa Keenan, General Manager Corporate Affairs ph: 5589 1196 Mb: 0448 866 049 Melissa Pearce, Communications Coordinator ph: 5589 1107 Mb: 0437 331 557