FUTURE GENERATION AUSTRALIA LIMITED — Capital/Financing Update 2010

Nov 30, 2010

Total pages: 2

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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, San Antonio, Sydney ABN 97 063 935 553

ASX Announcement

Australian Infrastructure Fund (AIX)

1 December 2010

AIX announces continued strong monthly passenger growth

Australian Infrastructure Fund (AIX) today reported continuing growth at its airports with a 7.6% increase in AIX-weighted passenger numbers across its airport portfolio for the month of October 2010, when compared with the same period last year.

Growth rates for the financial year to 31 October 2010 demonstrate the consistency of this strong growth, with an 8.3% increase in AIX-weighted passenger numbers across the portfolio, when compared to the prior corresponding period.

The table below highlights the growth in passenger numbers for each airport group in the AIX portfolio for October 2010 when compared to October 2009:

		Growth (%)
AIX Airport	Domestic	International	Total
Perth Airport	8.6	9.3	8.8
Australia Pacific Airports Corporation1	9.3	14.2	10.2
Queensland Airports Limited2	7.9	5.6	7.0
NT Airports3	4.4	10.9	5.7
Sydney Airport4	4.1	2.9	3.7
Athens Airport	(14.6)	1.8	(4.4)
Dusseldorf Airport5	7.1	12.1	11.0
HamburgAirport5	7.7	12.2	10.4
Total weighted by AIX interest	7.2	9.1	7.6

AIX Chief Executive Officer, Jeff Pollock, said, “Yet another month of strong passenger growth supports the continuing positive outlook on AIX’s airport portfolio . We expect future performance to be driven by this continued passenger growth and enhanced by the developments planned at our Australian airports.

“In Europe, passenger numbers at Athens Airport have improved, with international passengers registering growth this month. Meanwhile, the German airports, Dusseldorf and Hamburg, have delivered double digit passenger growth.”

1 Total includes international transits (not shown separately) as reported by Melbourne Airport.

2 Total includes transits (not shown separately) at Gold Coast Airport.

3 Total includes transits (not shown separately) at Darwin International Airport.

4 Total includes domestic-on-carriage (not shown separately) as reported by MAP Airports.

5 International includes transits as reported by ADV German statistics.

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For further enquiries, please contact:

Jeff Pollock

Chief Executive Officer

Australian Infrastructure Fund Tel: +61 3 8650 3600 Fax: +61 3 8650 3701 Email: investor_relations@hfm.com.au Website: www.hfm.com.au/aix

Simon Ondaatje Head of Investor Relations

Hastings Funds Management Tel: +61 3 8650 3600 Fax: +61 3 8650 3701 Email: investor_relations@hfm.com.au Website: www.hfm.com.au/aix

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Jane Frawley

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.