FUTURE GENERATION AUSTRALIA LIMITED — Capital/Financing Update 2010

Apr 5, 2010

Total pages: 1

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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)

6 April 2010

Port of Portland completes refinance of existing debt facilities

Hastings Funds Management Limited, as Manager and Responsible Entity for the Australian Infrastructure Fund (AIX), today confirmed the completion of the refinancing of Port of Portland’s existing senior secured debt facility. The facility of A$64.3 million, which is fully drawn, has a term of three years. The facility is provided jointly by Australia and New Zealand Banking Group and National Australia Bank.

Port of Portland Chief Executive Officer Scott Paterson said, “We are very pleased to have completed this important financing with our existing relationship bank, National Australia Bank, and also to introduce a new relationship with Australia and New Zealand Banking Group to our business.”

With the completion of the Port of Portland refinance, AIX’s assets have no further material debt facilities maturing in calendar year 2010 (excluding HTAC amortising debt, which is not required to be refinanced).

AIX owns 50.0 percent of Port of Portland, which represents 4.7 percent of the AIX portfolio (based on the latest independent valuations conducted as at 31 December 2009).

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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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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