FUTURE GENERATION AUSTRALIA LIMITED — Director's Dealing 2002

Nov 10, 2002

$T - 145$ P.001/003 F-228

Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

AUSTRALIAN STOCK EXCHANGE

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity Australian Infrastructure Fund Limited (ABN: 97 063 935 553) Hastings Funds Management Limited (ABN. 27 058 693 388) as responsible entity for Australian Infrastructure Fund trust (ARSN. 089 889 761)
ABN

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Michael Clifford Fitzpatrick
Date of last notice	7/1/02

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder)	241,011 securities held by Hastings Funds Management Limited of which the director is
Note: Provide details of the circumstances giving rise to the relevant interest.	director and beneficial owner of 49%. 175,000 securities held by Squitchy Lane Holding Pty Ltd (trustee of Fitzpatrick
	Family Trust) of which director is a beneficiary
Date of change	Refer below
No. of securities held prior to change	416,011
Class	Ordinary fully paid stapled securities
Number acquired	$110,022$ comprising:
	$4/11/02 - 21,080$
	$5/11/02 - 4,820$
	$5/11/02 - 25,000$
	$6/11/02 - 59.122$
Number disposed	n/a

G:\comp_secretary\AIFI\BOARD\ASX requirements re directors\2002\ASX LR 3Y notification MCF - 10_11_02.doc + See chapter 19 for defined terms.

AppGhdix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director's Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$147,916.00 comprising:
	$4/11/02 - $28,340.41$
	$5/11/02 - $6,480.12$
	5/11/02 - \$33,610.55
	$6/11/02 - $79,484.92$
No. of securities held after change	241,011 securities held by Hastings Funds Management Limited of which Michael Fitzpatrick is a director and a beneficial owner.
	175,000 securities held by Squitchy Lane Holding Pty Ltd (trustee of the Fitzpatrick Family Trust) of which director is a beneficiary
	110,022 securities held by Log Creek Pty Ltd (trustee of Log Creek Trust) of which director is a beneficiary
Nature of change Example: nn-market trade, off-market trade, exercise of options, issue of securities under dividend reinvesmient plan, participation in buy-back	On-market trade

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired

G:\comp_secretary\AIFL\BOARD\ASX requirements re directors\2002\ASX LR 3Y notification MCF - $10 - 11 - 02$ .doc

• See chapter 19 for defined terms.

Appendix 3Y
Change of Director's Interest Notice

Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

G:\comp_secretary\AIFL\BOARD\ASX requirements re directors\2002\ASX LR 3Y notification MCF - 10_11_02.doc

⁺ See chapter 19 for defined terms.