Macquarie International Infrastructure Fund Limited - Issue of New Shares in Relation to the Performance Fee for Period Ended 30 June 2005

22 August 2005

Further to the announcement on 6 July 2005 in relation to the performance fee of S$28.1 million payable to Macquarie Infrastructure Management (Asia) Pty Limited (the “Manager”), for the period ended 30 June 2005, by the issue of new shares in the capital of Macquarie International Infrastructure Fund Limited (“MIIF” or “Company”) to the Manager (“New Shares”), the Board of Directors of MIIF is pleased to announce that MIIF has obtained in-principle approval from the Singapore Exchange Securities Trading Limited (the “SGX-ST”) for the listing and quotation of the New Shares.

In accordance with the calculation disclosed in the MIIF Prospectus dated 27 May 2005, 23,728,421 New Shares will be issued to the Manager.

The in-principle approval of the SGX-ST is not to be taken as an indication of the merits of the New Shares, the Company or its subsidiaries.

The initial public offering of the ordinary shares of MIIF was sponsored by Macquarie Securities (Asia) Pte Limited.

By order of the Board of MIIF
Name:  Gregory Kenneth Osborne
Designation: Alternate Director and Authorised Signatory
Date:  20 August 2005  

For further information, please contact:

Media Enquiries
Jane Rotsey
Public Affairs Manager
Mobile: (61) 401 997 160
Email: jane.rotsey@macquarie.com

Investor Enquiries
Lianne Buck
Macquarie International Infrastructure Fund
Tel: (61 2) 8232 3965
Email: lianne.buck@macquarie.com