Macquarie International Infrastructured Fund Limited - Miif JV Announces Acquisition of Landfill Gas Assets

21 October 2005

Novera Macquarie Renewable Energy (NMRE) today announced the acquisition of landfill gas assets in the UK with total value of GBP11 million excluding transaction costs. The acquisition further strengthens NMRE's position as the UK's second largest landfill gas power generator.

NMRE is a 50:50 joint venture between Macquarie International Infrastructure Fund Limited and Novera Energy Limited.

Consistent with MIIF's investment policy, the acquisition is expected to deliver a high and predictable level of return by way of dividends, and also presents opportunities for further capital growth. The first year yield is expected to be greater than 10% and to grow over time.

Mr Gregory Osborne, Managing Director of MIIF's Manager, said: “This acquisition is another yield accretive addition to our renewable energy infrastructure asset portfolio. With similar high quality assets in the deal pipeline, we expect a number of similar additions to be made in the future.”

About Macquarie International Infrastructure Fund Limited

MIIF is an infrastructure fund formed to own, operate and invest in a diversified group of infrastructure businesses around the world. MIIF listed on the Singapore Exchange Securities Trading Limited on 27 May 2005. MIIF offers the opportunity to access investments in, amongst others, airports, communications and transport infrastructure, utility and energy assets and water and gas distribution assets located across Australia, Europe and the US. Further information about MIIF can be found at: www.macquarie.com/miif.

For further information, contact:

Investor Enquiries
Stuart Green
Head of Investor Relations
Tel: (61 2) 8232 8845
Email: stuart.green@macquarie.com

Lotte Pang
Macquarie Group Public Relations
Tel: (852) 6401 8859
Email: lotte.pang@macquarie.com