FUTURE GENERATION AUSTRALIA LIMITED — Earnings Release 2010

Apr 29, 2010

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

Total pages: 3

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ASX Announcement

Australian Infrastructure Fund (AIX)

30 April 2010

Impressive passenger growth continues for AIX’s Australian airports

AIX today announced passenger numbers for its Australian airports for the quarter ended 31 March 2010.

AIX’s Australian airports continued their impressive growth in passenger numbers, both for the quarter and the financial year to date. The increase in international passengers has been a particular highlight, with double-digit passenger growth experienced through the international terminals of each of AIX’s Australian airports.

Total growth in passenger numbers for the quarter and for the financial year to March, compared to total passenger numbers for the prior corresponding period (pcp), was as follows:

	Growth on pcp (%) Marchquarter	Growth on pcp (%) Financial YTD
Perth Airport	8.3	7.1
APAC	7.1	4.8
Queensland Airports Limited	11.1	9.6
NT Airports	12.8	7.8
SydneyAirport	9.4	5.8
AIX weightedgrowth	9.2	7.2

When weighted by AIX’s interest, the airports achieved total passenger growth of 9.2 percent for the quarter ended 31 March 2010 compared to pcp. For the nine months to 31 March 2010, these airports achieved passenger growth of 7.2 percent compared to pcp, when weighted by AIX’s interest.

AIX Chief Executive Officer, Jeff Pollock, said: “AIX’s Australian airports continued their impressive performance in the March quarter, with the rate of passenger growth outpacing both the prior quarter and the pcp. Strengthening demand from both leisure and business travellers, together with greater retail and property revenues, have contributed to the increasing value of the AIX portfolio.”

The Australian airports represent 79.0 percent of the AIX portfolio by value.

Detailed passenger growth statistics are attached.

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

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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.

AIX Airport Statistics March Quarter 2010

Perth Airport - Airstralia Development Group (ADG-WA)

(000's)		March Quarter			March YTD
	2010	2009	Growth %	2010	2009	Growth %
Passengers
- Domestic	1,823	1,736	5.0	5,594	5,359	4.4
- International	773	660	17.2	2,268	1,982	14.4
Total Passengers	2,596	2,396	8.3	7,862	7,341	7.1

Melbourne Airport - Australia Pacific Airports Corporation (APAC)

(000's)		March Quarter			March YTD
	2010	2009	Growth %	2010	2009	Growth %
Melbourne Passengers
- Domestic	5,162	4,904	5.3	15,462	15,027	2.9
- International	1,459	1,253	16.4	4,211	3,710	13.5
Launceston Passengers
- Domestic	300	306	(2.0)	852	848	0.5
Total Passengers	6,956	6,497	7.1	20,621	19,677	4.8

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)		March Quarter			March YTD
	2010	2009	Growth %	2010	2009	Growth %
Gold Coast Passengers
- Domestic	1,141	1,046	9.1	3,313	3,118	6.3
- International	205	157	30.4	582	368	58.1
Townsville & Mount Isa Passengers
- Domestic	408	377	8.4	1,329	1,281	3.8
Total Passengers	1,754	1,580	11.1	5,224	4,767	9.6

Note: Excludes transits for Gold Coast and Townsville Airports.

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

(000's)		March Quarter			March YTD
	2010	2009	Growth %	2010	2009	Growth %
Passengers
- Domestic	491	441	11.2	1,687	1,590	6.1
- International	72	58	24.5	222	181	22.3
Total Passengers	563	499	12.8	1,909	1,772	7.8

Note: Excludes transits for Darwin International Airport.

Sydney Airport - HOCHTIEF AirPort Capital (HTAC)

(000's)		March Quarter			March YTD
	2010	2009	Growth %	2010	2009	Growth %
Passengers
- Domestic	5,820	5,386	8.1	17,588	16,760	4.9
- International	2,893	2,587	11.8	8,482	7,845	8.1
Total Passengers	8,744	7,994	9.4	26,146	24,709	5.8

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.