FUTURE GENERATION AUSTRALIA LIMITED — Capital/Financing Update 2010

Oct 10, 2010

Hastings Funds Management Limite d ABN 27 058 69 3 388 AFSL No. 2383 0 9 Australian Infra s tructure Fund Limit e d ABN 97 063 93 5 553

Total p a ges: 4

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Level 1 6 , 90 Collins Street Melbo u rne VIC 3000 Australia T +61 3 8650 3600 F +61 3 8650 3701 www.h f m.com.au

ASX Announcement A ustralia n Infrastru c ture Fun d (AIX)

11 October 2010

A IX welc o mes co m pletion of Darwin I nternational Airpo r t negotia t ions

A ustralian In f rastructure Fund (AIX) to d ay welcome d Darwin International Air p ort’s agreem e nt with the Q antas Group regarding f u ture aerona u tical pricing. Darwin Inter n ational Airport today ann o unced that a new aviation pricing agre e ment struck with the Qantas Group would allow it to confidently inv e st more than $100 million in aviation facilities over t h e next 10 y e ars, including a $ 3 3.5 million t e rminal expa n sion.

T he Airport also announc e d that the Q a ntas Group w ould add new full servic e flights betw e en Melbourne a nd Darwin a s well as the introduction o f Jetstar’s Darwin-Manila services in e arly 2011.

A IX Chief Ex e cutive Offic e r Jeff Polloc k said the su c cessful com p letion of negotiations with the Qantas Group repre s ented a significant milest o ne in the on g oing evoluti o n of Darwin International A irport into a leading inter n ational gate w ay. “As a result o f completing these import a nt negotiati o ns with the Q antas Grou p , Darwin International Air p ort c an now acti v ely plan the next phase o f its growth. “As an active manager of o ur airports p ortfolio, AIX v iews the su c cessful com p letion of the s e negotiatio n s as a n encouraging indication that the different players in the sector a re prepared to take a lon g -term view i n w orking toge t her to their m utual benefi t . “Pleasingly, D arwin Intern a tional Airpo r t’s importan c e as a vital li n k between A ustralia and A sia is only going t o increase a s it now impl e ments its a m bitious plan s for growth o v er the next 1 0 years.” A ttached is a release fro m Darwin Inte r national Airp o rt dated 11 O ctober 201 0 . A IX holds a 2 8.2% interest in NT Airpo r ts, which ow n s and operates Darwin I n ternational A irport, Alice Springs Airp o rt and Tenn a nt Creek Air p ort.

For further enquiries, please contact:

Jeff Pollock Simon Ondaatje Chief Executive Officer Head of Investor Relations A ustralian In f rastructure Fund Ha s tings Funds Managemen t T el: +61 3 8650 360 0 Tel: +61 3 8650 3600 Fax: +61 3 8650 370 1 Fa x : +61 3 8650 3701 Email: inv e stor_relatio n s@hfm.com.au E m ail: invest o r_relations @ hfm.com.au W ebsite: ww w .hfm.com.a u /aix W e bsite: www. h fm.com.au/aix

Jane Frawley Company Secretary A ustralian In f rastructure Fund

About AIX

AIX is one of Australia's leading transport infrastructure funds. AIX's primary objective is to offer investors returns, through cash yield and capital growth, by actively managing a portfolio of transport infrastructure assets for the medium to long term.

AIX airport ownership interests comprise: 29.7% of Perth Airport; 12.4% of APAC; 49.1% of Queensland Airports Limited; 28.2% of NT Airports (Darwin, Alice Springs and Tennant Creek Airports); and 40.0% of HOCHTIEF AirPort Capital, comprising interests in Athens, Dusseldorf, Hamburg and Sydney Airports.

MEDIA RELEASE

Monday 11 October 2010

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LANDMARK AGREEMENT TO RESULT IN $100 MILLION CAPITAL INJECTION

Darwin International Airport today announced it had struck a new aviation pricing agreement with the Qantas Group and that it planned to invest more than $100 million into its airport facilities over the next 10 years, including a $33.5 million terminal expansion.

Darwin Airport Chief Executive Ian Kew said that the airport had reached an important agreement with the Qantas Group on airport charges.

“We are very pleased to announce that we have reached a long-term price agreement with the Qantas Group that both parties are happy with,” Mr Kew said.

“This gives both the Qantas Group and Darwin International Airport the certainty they need to grow their business and provides us with the confidence to proceed with our terminal expansion plans so we can provide better facilities to both airlines and passengers.”

Importantly, the Darwin market has remained resilient during the recent economic downturn, with Darwin Airport recording 11.3 per cent international and 6.2 per cent domestic passenger growth during the past financial year.

A key growth strategy for Darwin Airport is to be the primary narrow body hub between Australia and Asia, recognising the strategic importance of expanded domestic and international services to the Northern Territory’s economy, tourism and trade.

Mr Kew also welcomed the announcement by the Qantas Group to add new services, including Qantas’ full service flights between Melbourne and Darwin and Jetstar’s plans to introduce multiple weekly Darwin-Manila services.

“Qantas Airways direct Melbourne-Darwin flights will be welcome news to the business community and further demonstrates that our market is high yielding for our airline customers,” Mr Kew said. “Given Darwin Airport’s key role as a hub between Darwin and Asia, we would be keen to work with Qantas to extend this full service flight from Darwin to Singapore in line with the NT Government’s Aviation Strategy.”

Jetstar also announced it would add a new spoke to its Darwin hub with Manila services to commence in the near future, while also providing additional services on the Sydney, Adelaide, Melbourne and Bali sectors.

“Manila is a great addition to the Darwin network, given that over seven per cent of Darwin’s population is of Filipino heritage and the Philippines is a great holiday destination in its own right,” said Mr Kew.

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Darwin Airport’s 24-hour curfew-free operations and single terminal building means it is amongst Australia’s premier terminals for passenger convenience, particularly for connections between other Australian capitals and destinations in Asia.

“The ability for transfer passengers to arrive off one flight and connect to another in a single terminal with less than 100 metres to walk means that more and more Australians will be using Darwin as their airport of choice for connecting services,” said Mr Kew

The Qantas Group accounts for 85 per cent of Darwin Airport’s traffic but the increased fees will apply to all commercial flights.

“We have been negotiating with all airlines on a new pricing regime and hope to conclude all other negotiations shortly.”

Ian Kew, Chief Executive Officer Northern Territory Airports 08 8920 1808

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