Macquarie International Fund Limited (MIIF) - DUET increases 2006 Distribution Guidance to 23.5 cents

28 October 2005

Diversified Utility and Energy Trusts (DUET) announced yesterday an increase of its distribution guidance for the year ended 30 June 2006 to 23.5 cents per stapled security.  This represents an increase of 6.8% on the total distribution paid for the financial year ending 30 June 2005.

Mr Gregory Osborne, Managing Director of MIIF's manager, said "MIIF’s investment portfolio continues to perform well, meeting or exceeding MIIF’s initial share offer forecasts. DUET’s increase in distribution guidance is an example of the value that we expect each of our assets to contribute to MIIF.

“The strength of the assets within our portfolio underpins MIIF’s focus on increasing dividend payments to MIIF shareholders over time,” Mr Osborne said.
MIIF has an interest in approximately 17.6 million DUET stapled securities, which is approximately 4.2% of the DUET stapled securities on issue.

DUET

DUET is an investment fund established to invest in energy utility assets, principally in Australia and New Zealand. DUET aims to provide investors with an attractive yield and associated stable distribution profile, backed by a portfolio of assets that have strong competitive positions and a track record of predictable earnings and cash flows. Listed on the Australian Stock Exchange Limited, DUET has a market capitalisation of approximately A$1.7billion.

For further information, contact:

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

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