Macquarie European Infrastructure Fund II stake in Techem AG reaches 91.5 per cent following successful Offer

07 December 2007

Presseerklärungen - Deutsch

• ADDITIONAL ACCEPTANCE PERIOD TO EXPIRE ON 21 DECEMBER 2007, 24:00 HOURS CET

Macquarie European Infrastructure Fund II (MEIF II) through its subsidiary MEIF II Energie Beteiligungen GmbH & Co. KG today announced the interim result of its all-cash voluntary public tender offer for Techem AG (the Offer).

By 24:00 CET on 3 December 2007, the expiration of the acceptance period, the total number of Techem shares tendered into the Offer combined with shares already held by or attributed to MEIF II is 22,601,385 shares totalling 91.5 per cent of Techem’s share capital.

The additional acceptance period commences on 8 December and will expire at 24:00 CET on 21 December 2007. Shareholders who have not yet accepted the Offer but intend to do so should note that the Offer can only be accepted on or before 21 December. After 21 December, the Offer can no longer be accepted. Shareholders who intend to accept the Offer during the additional offer period should contact their depository bank at their earliest possible convenience for further instructions. Shareholders are also reminded of Section 11 of the Offer Document, "Execution of the Takeover Offer" (page 27). Shareholders who do not currently intend to accept the offer should carefully consider the risks involved with not tendering their shares (as outlined in Section 12 of the Offer Document, “Effects of the Takeover Offer on Techem Shareholders who do not accept the Offer” (page 30)).

The final result of the Offer will be published as soon as possible after expiration of the additional acceptance period.

“We are delighted with this strong result, which reflects the attractiveness of the offer for investors,” said Mr Martin Stanley, Executive Director of Macquarie Group with responsibility for its European infrastructure funds.

“We will provide a committed and supportive investor base for Techem. We now look forward to working with Techem’s management and staff to continue to grow the business, according to the company’s established plans,” Mr Stanley said.

Mr Horst Enzelmüller, Techem’s Chief Executive Officer said, “I am pleased with this result and believe it is in the best interest of shareholders, employees, and customers. Macquarie has proven during the last year that it is an investor pursuing the long-term interest of the company and we look forward to working together going forward”.

MEIF II announced the supported all-cash offer for Techem AG on Monday 22 October 2007. The Offer is unconditional.

Notes to Editor
MEIF II is a €4.6 billion wholesale infrastructure fund that seeks long-term investments in European infrastructure and essential service businesses. MEIF II’s investors include European pension funds and institutions, as well as more than 12,500 German individuals via a closed-end fund vehicle. MEIF II’s investment portfolio includes:

• Thames Water, the largest water and wastewater company in the UK
• National Car Parks, the UK’s leading provider of off-street car parks
• Airwave, the purpose built communications network used by key public safety bodies in the UK
• Arqiva/National Grid Wireless, which provide broadcast and transmission services in the UK.

MEIF II is managed by a Macquarie Group company and benefits from the experience and expertise offered by a global leader in the infrastructure sector. Macquarie’s European infrastructure funds have a team of 46 infrastructure professionals, many with senior level industrial backgrounds, that focuses on supporting acquired businesses over the long term. This approach brings a high degree of stability, resources, expertise and experience.

The Macquarie Group is a leading global investor and manager of infrastructure businesses. Members of the Macquarie Group manage more than €36 billion in equity invested in infrastructure and essential service assets around the world including assets in the energy, water, telecommunications and transportation sectors in Germany, the UK, Portugal, France, Sweden, Denmark, the Netherlands, Belgium, Canada, US, Australia, South Korea, Japan and South Africa. Macquarie aims to manage investments in infrastructure assets profitably and responsibly.

FOR FURTHER INFORMATION
Alison Jefferis
Corporate Communication, Macquarie Group
Tel: +44 (0)20 7065 2335
Mob: +44 (0)79 1938 2958
Alison.Jefferis@macquarie.com

Alexander H. Engelhardt
Brunswick Group, Frankfurt
Tel: +49 (0)69 2400 5537
Mob: +49 (0) 17 2690 3557
aengelhardt@brunswickgroup.com

Important information
This is neither an offer to purchase nor a solicitation of an offer to sell shares in Techem AG, nor an offer to purchase or sell any other securities. The terms and conditions of the offer were published in the offer document. Investors and holders of shares in Techem AG are strongly advised to read the relevant documents regarding the takeover offer which have been published by MEIF II Energie Beteiligungen GmbH & Co. KG because they contain important information. Investors and holders of shares in Techem AG can review these documents at the web site www.macquarie.com/meif2energie. The offer document is available free of charge at a specified location and will be mailed to investors and holders of shares in Techem AG free of charge upon request.