Change in minority shareholders at Thames Water

London, 12 Dec 2011

Macquarie infrastructure and Real Assets (MIRA) today announced the change in ownership of 9.9 per cent of Kemble Water Holdings Limited (Kemble), the ultimate holding company of Thames Water.

The combined 9.9 per cent stake has been sold by Macquarie European Infrastructure Fund (MEIF1), with smaller participation by another Macquarie–managed fund and a third party investor, to Infinity Investments S.A., a wholly owned subsidiary of the Abu Dhabi Investment Authority, for an undisclosed sum.

MIRA and Macquarie-managed funds, respectively, remain dedicated to the management and ownership of Thames Water. Following the transaction, Macquarie-managed funds together continue to be the largest shareholder in Thames Water.

The investors in Thames Water

Kemble Water Holdings Limited acquired Thames Water in December 2006. Kemble Water Holdings Limited comprises investments from Macquarie European Infrastructure Funds 1 and 2, certain other Macquarie-managed funds and various non-Macquarie investors, now including Infinity Investments S.A. alongside pension funds and other institutional investors from Europe, Canada and Australia.

MIRA manages the investment in Thames Water on behalf of all Kemble shareholders, and aims to manage investments in infrastructure assets profitably and responsibly.

About Macquarie

Macquarie Infrastructure and Real Assets (MIRA), part of Macquarie Group, is a leading global alternative asset manager specialising in infrastructure funds, other real asset funds and customised accounts. Established in 1996, it is the largest manager of infrastructure assets in the world with team of over 350 experienced professionals managing funds with £60bn of assets under management, including 88 infrastructure assets. MIRA’s in-depth operational expertise and active asset management, combined with access to deal sourcing capability, provide a unique competitive advantage for investors under a philosophy of responsible ownership.

Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie employs more than 15,000 people in 28 countries and has assets under management of £203bn*.

*As at 30 September 2011

For further information contact:
Karen Smith, Corporate Communication, Macquarie Group
+44 203 037 2420