FUTURE GENERATION AUSTRALIA LIMITED — Capital/Financing Update 2010

Oct 24, 2010

Total pages: 4

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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)

25 October 2010

Strong international passenger numbers fuel continued growth for AIX

Australian Infrastructure Fund (AIX) today reported that its Australian airports achieved strong passenger growth for the quarter ended 30 September 2010 – including a double-digit jump in AIX-weighted international passenger numbers.

During the September quarter, AIX’s Australian airports, which comprise 81.7 per cent of the portfolio by value, recorded AIX-weighted passenger growth of 9.9 per cent compared with the prior corresponding period (pcp). During the period, domestic passenger numbers across AIX’s Australian airports increased 9.5 per cent on pcp, while international passenger numbers surged 13.5 per cent on pcp.

AIX Chief Executive Officer, Jeff Pollock, said, “Passenger growth is fundamental to the ongoing success of any airport and the Australian airports in AIX’s portfolio have continued to outperform long-term historical averages.

“Continued passenger growth, along with planned expansion projects at assets in the portfolio, is expected to drive further earnings and valuation upside for AIX.”

Growth in total passenger numbers for the month and quarter ended 30 September 2010 were as follows:

	Growth on pcp (%) September 2010	Growth on pcp (%) September Quarter
Perth Airport	9.3	9.3
APAC	11.3	11.8
Queensland Airports Limited	8.4	9.8
NT Airports	6.9	7.3
SydneyAirport	7.8	8.2
AIX weightedgrowth	9.3	9.9

Detailed passenger growth statistics are attached.

For further enquiries, please contact:

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: investor_relations@hfm.com.au	Email: investor_relations@hfm.com.au
Website: www.hfm.com.au/aix	Website: www.hfm.com.au/aix

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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Hastings Funds Management Limited ABN 27 058 693 388 AFSL No. 238309 Australian Infrastructure Fund Limited ABN 97 063 935 553

Level 16, 90 Collins Street Melbourne VIC 3000 Australia T +61 3 8650 3600 F +61 3 8650 3701 www.hfm.com.au Melbourne, London, San Antonio, Sydney

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Jane Frawley Company Secretary Australian Infrastructure Fund

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AIX Airport Statistics September 2010

Perth Airport - Airstralia Development Group (ADG-WA)

(000's)		September month	September month		September quarter	September quarter
	2010	2009	Growth %	2010	2009	Growth %
Passengers
- Domestic	677	627	7.9	2,017	1,877	7.5
- International	275	244	12.8	806	706	14.0
Total Passengers	951	871	9.3	2,823	2,583	9.3

Melbourne Airport - Australia Pacific Airports Corporation (APAC)

(000's)		September month	September month		September quarter	September quarter
	2010	2009	Growth %	2010	2009	Growth %
Melbourne Passengers
- Domestic	1,888	1,704	10.8	5,607	5,032	11.4
- International	519	449	15.6	1,515	1,311	15.6
Launceston Passengers
- Domestic	91	91	0.7	268	266	0.6
Total Passengers	2,508	2,253	11.3	7,420	6,637	11.8

Note: Total Passengers comprises Domestic (including Domestic-on-Carriage) and International, as well as International Transits (not shown) for Melbourne Airport.

Queensland Airports - Queensland Airports Limited (QAL)

(000's)		September month	September month		September quarter	September quarter
	2010	2009	Growth %	2010	2009	Growth %
Gold Coast Passengers
- Domestic	408	370	10.3	1,209	1,077	12.3
- International	69	63	9.9	202	180	12.1
Townsville & Mount Isa Passengers
- Domestic	168	152	10.4	508	472	7.6
Total Passengers	651	600	8.4	1,936	1,762	9.8

Note: Total includes transits (not shown) for Gold Coast and Townsville Airports.

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

(000's)		September month	September month		September quarter	September quarter
	2010	2009	Growth %	2010	2009	Growth %
Passengers
- Domestic	217	206	5.4	697	655	6.5
- International	28	25	12.7	88	76	16.3
Total Passengers	266	249	6.9	839	782	7.3

Note: Total includes transits (not shown) for Darwin International Airport.

Sydney Airport - HOCHTIEF AirPort Capital (HTAC)

(000's)		September month	September month		September quarter	September quarter
	2010	2009	Growth %	2010	2009	Growth %
Passengers
- Domestic	2,051	1,913	7.2	6,169	5,688	8.5
- International	945	868	8.9	2,860	2,658	7.6
Total Passengers	3,003	2,787	7.8	9,052	8,363	8.2

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.