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FUTURE GENERATION AUSTRALIA LIMITED Capital/Financing Update 2009

Jul 1, 2009

64916_rns_2009-07-01_f280f12e-d039-4ede-ad78-c98362ad8749.pdf

Capital/Financing Update

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Hastings Funds Level 16, 90 Collins Street Management Limited Melbourne VIC 3000 Australia ABN 27 058 693 388 T +61 3 8650 3600 AFSL No. 238309 F +61 3 8650 3701 Australian Infrastructure www.hfm.com.au Fund Limited Melbourne, London, New York, Sydney ABN 97 063 935 553

ASX Announcement

Australian Infrastructure Fund (AIX)

2 July 2009

Update: May 2009 and year to date passenger numbers

AIX today announced passenger numbers for May 2009 and for the year to 31 May 2009 (YTD) for the airports in which AIX has an ownership interest. Passenger numbers for the prior corresponding periods (pcp) are also provided for comparison. This release updates the previous AIX announcement on 22 June 2009 to include passenger data received for European airports.

For the month of May, total passengers weighted by AIX’s interest declined 2.4 percent compared to the pcp; meanwhile AIX’s share of passengers at the Australian airports grew 2.8 percent on the prior period. The Australian airports represent approximately 75 percent of the AIX portfolio by value.

For the year to 31 May 2009, again weighted by AIX’s interest, passenger numbers grew by 3.0 percent on pcp. Passenger numbers at Australian airports have remained resilient, with 4.7 percent growth for the year to date when weighted by AIX’s interest.

For further enquiries, please contact:

Jeff Pollock Simon Ondaatje Chief Executive Officer Head of Investor Relations Australian Infrastructure Fund Hastings Funds Management Tel: +61 3 8650 3600 Tel: +61 3 8650 3600 Fax: +61 3 8650 3701 Fax: +61 3 8650 3701 Email: [email protected] Email: [email protected] Website: www.hfm.com.au/aix Website: www.hfm.com.au/aix

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Kim Rowe 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 including Westpac Banking Corporation ABN 33 007 457 141, 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.

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AIX Airport Statistics May 2009

Perth Airport - Airstralia Development Group (ADG-WA)

(000's) May Year to date
2009 2008 Growth 2009 2008 Growth
Passengers
- Domestic 584 560 4.2% 6,557 6,126 7.0%
- International 200 184 8.9% 2,404 2,314 3.9%
Total Passengers 784 744 5.4% 8,961 8,440 6.2%

Melbourne Airport and Launceston Airport - Australia Pacific Airports Corporation (APAC)

(000's) May Year to date
2009 2008 Growth 2009 2008 Growth
Melbourne Passengers
- Domestic 1,562 1,595 (2.1%) 18,253 17,812 2.5%
- International 377 361 4.4% 4,507 4,390 2.7%
Launceston Passengers
- Domestic 88 85 4.4% 1,021 1,002 1.9%
Total Passengers 2,027 2,041 (0.7%) 23,781 23,204 2.5%

Note: Excludes international transits for Melbourne Airport.

Queensland Airports - Queensland Airports Limited (QAL)

(000's) May Year to date
2009 2008 Growth 2009 2008 Growth
Gold Coast Passengers
- Domestic 331 337 (1.8%) 3,799 3,708 2.5%
- International 51 25 104.7% 467 235 98.8%
Townsville & Mount Isa Passengers
- Domestic 149 145 3.0% 1,573 1,535 2.5%
Total Passengers 530 506 4.7% 5,839 5,478 6.6%

Note: Excludes international transits for Gold Coast Airport.

Northern Territory Airports - Airport Development Group (ADG-NT)

(000's) May Year to date
2009 2008 Growth 2009 2008 Growth
Passengers
- Domestic 188 182 3.1% 1,956 1,863 5.0%
- International 22 16 33.6% 223 190 17.3%
Total Passengers 210 199 5.6% 2,179 2,053 6.1%

Note: Excludes international transits for Darwin International Airport.

Athens Airport - HOCHTIEF AirPort Capital (HTAC)

(000's) May Year to date
2009 2008 Growth 2009 2008 Growth
Passengers
- Domestic 516 525 (1.8%) 5,281 5,394 (2.1%)
- International 860 996 (13.6%) 9,232 9,674 (4.6%)
Total Passengers 1,376 1,521 (9.5%) 14,513 15,068 (3.7%)

Düsseldorf Airport - HOCHTIEF AirPort Capital (HTAC)

(000's) May Year to date
2009 2008 Growth 2009 2008 Growth
Passengers
- Domestic 360 376 (4.3%) 3,895 4,080 (4.5%)
- International 1,238 1,310 (5.5%) 12,089 12,440 (2.8%)
Total Passengers 1,598 1,686 (5.2%) 15,984 16,520 (3.2%)

Note: International includes transits for Dusseldorf Airport.

Hamburg Airport - HOCHTIEF AirPort Capital (HTAC)

(000's) May Year to date
2009 2008 Growth 2009 2008 Growth
Passengers
- Domestic 456 473 (3.6%) 4,880 5,130 (4.9%)
- International 620 688 (9.8%) 6,355 6,827 (6.9%)
Total Passengers 1,076 1,160 (7.2%) 11,235 11,957 (6.0%)

Note: International includes transits for Hamburg Airport.

Sydney Airport - HOCHTIEF AirPort Capital (HTAC)

(000's) May Year to date
2009 2008 Growth 2009 2008 Growth
Passengers
- Domestic 1,713 1,799 (4.8%) 20,309 20,312 0.0%
- International 757 780 (2.9%) 9,468 9,704 (2.4%)
Total Passengers 2,479 2,592 (4.4%) 29,896 30,206 (1.0%)

Note: Total Passengers comprises Domestic and International, as well as Domestic-On-Carriage (not shown) for Sydney Airport.

Note: In accordance with disclosure policies at some AIX assets, revenue and EBITDA information have not been provided. Passenger numbers have been calculated using the most accurate sources available, however any rates or totals manually calculated may differ from those shown due to rounding.