FUTURE GENERATION AUSTRALIA LIMITED — Major Shareholding Notification 2009

Aug 19, 2009

Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder

To: AUSTRALIAN INFRASTRUCTURE FUND ACN: 063 935 553 ASX Code: AIX

1. Details of substantial holder

Name: IOOF Holdings Limited ACN: ACN 100 103 722

This notice is given by IOOF Holdings Limited on behalf of itself and its subsidiaries.

There was a change in the interest of the substantial holder on: 17/08/09 The previous notice was given to the company on: 06/08/09 The previous notice was dated: 04/08/09

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in when last required and when now required to give a substantial holding notice to the company or scheme, are as follows:

Class of securities	Previous notice		Present notice
	Person's votes	Voting Power	Person's votes	Voting Power
Ordinary	29,664,028	5.143%	35,565,797	6.166%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date	Person	Nature	Consideration	Class & number (ord)	Person's votes
5/08/2009	Perennial Investment Partners Limited (ACN 087901 620)	Purchased on market	$875,916.40	585,980	585,980
6/08/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$1,195,366.68	825,822	825,822

2

7/08/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$648,338.55	438,497	438,497
10/08/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$1,544,684.29	1,050,000	1,050,000
11/08/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$1,675,774.31	1,150,000	1,150,000
12/08/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$150,998.33	103,787	103,787
13/08/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$1,439,686.00	955,000	955,000
14/08/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$612,875.09	400,000	400,000
17/08/2009	Perennial Investment Partners Limited (ACN 087 901 620)	Purchased on market	$598,681.21	392,683	392,683

4. Present Relevant Interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder	Registered holder of securities	Person Entitled to be holder	Nature of relevant interest	Class & Number (Ord)	Person's votes
Perennial Investment Partners Limited (ACN 087 901620)	State Street		Investment Manager	1,824,888	1,824,888
Perennial Investment Partners Limited (ACN 087 901620)	NAB Custodian Services		Investment Manager	8,389,455	8,389,455
Perennial Investment Partners Limited (ACN 087 901620)	NAB Custodian Services		Investment Manager	9,066,777	9,066,777
Perennial Investment Partners Limited (ACN 087 901 620)	JP Morgan		Investment Manager	5,311,380	5,311,380
Perennial Investment Partners Limited (ACN 087 901620)	Citigroup		Investment Manager	10,084,111	10,084,111
Perennial Investment Partners Limited (ACN 087 901620)	BNP		Investment Manager	651,536	651,536
IOOF Investment Management Limited (ACN 006 695 021)	NAB Custodian Services		Investment Manager	237,650	237,650

3

5. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name & ACN Nature of association

Not applicable

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
IOOF Holdings Limited	Level 29, 303 Collins Street Melbourne Victoria 3000
IOOF Investment Management Limited	Level 29, 303 Collins Street Melbourne Victoria 3000
Perennial Investment Partners Limited	Level 29, 303 Collins Street Melbourne Victoria 3000
Australian Infrastructure Fund	Level 16,90 Collins Street Melbourne Victoria 3000