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Media releaseMACQUARIE GROUP ANNOUNCES IPO OF SECOND CLOSED-END FUND ON NEW YORK STOCK EXCHANGENEW YORK, August 26 2005 - The Macquarie group today announced the successful pricing of the initial public offering of common shares in a new closed-end fund, the Macquarie Global Infrastructure Total Return Fund (the Fund). The Fund has issued 17,000,000 common shares at an initial price of $25.00 per share, resulting in gross proceeds of $425,000,000 (exclusive of the underwriters’ overallotments). In addition, underwriters' overallotments of up to 15% of the total fund size may be exercised. The Fund’s shares will begin trading today on the New York Stock Exchange (NYSE: MGU) and the Fund’s listing will be formally announced with the ringing of the NYSE opening bell of trading. MGU is a closed-end management investment company, investing globally in predominantly listed infrastructure companies that own or operate infrastructure assets. The Fund’s investment objective is to provide to its investors a high level of total return consisting of dividends and other income, and capital appreciation. The Fund will be advised by Macquarie Infrastructure Fund Adviser, LLC (MIFA).MIFA is a member of the Macquarie group. “The listing of this Fund provides US retail investors the opportunity to gain access to a broad global portfolio of predominantly listed infrastructure companies,” said Oliver Yates, Chairman of MGU and an Executive Director of Macquarie Bank Limited. “MGU is the second US-listed closed-end fund to bear the Macquarie name and once fully invested, will take total US closed-end fund assets under management by members of the Macquarie group and its affiliates to over $1.6 billion,” Mr Yates said. The underwriting syndicate for the Fund was led by Citigroup and co-led by Merrill Lynch & Co. For more information about the Fund, including risk considerations, charges and expenses, please call 800-910-1434 for a prospectus. For further information, please contact: Alex Doughty, |
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| Macquarie Fund Adviser, LLC |