Brisbane, 30 March 2009
Macquarie Group Limited provides this update in relation to BrisConnections (ASX: BCSCA):
BrisConnections was awarded a 45 year concession to design, construct, operate, maintain and finance the Airport Link tollroad in Brisbane.
Stapled securities in BrisConnections are partly paid securities. There are two further instalments of $1.00 each per stapled security payable by 29 April 2009 and 29 January 2010, respectively.
The instalments are underwritten in accordance with an Underwriting Agreement dated 9 May 2008. Under the terms of the Underwriting Agreement, MCAL and Deutsche Bank AG, Sydney Branch each underwrite 50% of the instalments due by 29 April 2009 and 29 January 2010.