Australian Infrastructure Fund Ltd. : AIX passenger numbers achieve growth in November

Hastings Funds Management Limited ABN 27 058 693 388

AFSL No. 238309

Australian Infrastructure

Fund Limited

ABN 97 063 935 553

Level 27, 35 Collins Street Melbourne VIC 3000 Australia T [phone]

F [phone]

www.hfm.com.au

Melbourne, London, San Antonio, Sydney

ASX Announcement

Australian Infrastructure Fund (AIX) Total pages: 2

13 January 2012

AIX passenger numbers achieve growth in November

Australian Infrastructure Fund (AIX) today reported passenger growth for its airport portfolio for the month ended 30 November 2011.
Overall, AIX-weighted passenger numbers recorded moderate growth increasing 1.3 percent compared to the previous corresponding period (pcp). AIX's Australian airports experienced growth of 1.8 percent on the pcp, with international traffic climbing 5.2 percent and domestic traffic increasing by 1.5 percent, supported by strong domestic growth of 12.6 percent at Perth Airport. AIX's Australian airports comprised 83.2 percent of the AIX portfolio by value, as at 30 June 2011.
AIX's German airports achieved solid international numbers and maintained overall growth, while Athens
Airport experienced continued weakness, reflecting the wider macro-economic environment in Greece.
AIX Chief Executive Officer, Jeff Pollock, said: "Achieving relatively solid growth in international passenger numbers in a difficult global operating environment, reinforces the benefits of AIX's well constructed and diversified portfolio of airport assets".
"It is also pleasing to see an improvement in domestic passenger numbers, supported by another standout
performance at Perth Airport", Mr Pollock added.
The table below highlights the year on year November month comparisons:

Unless otherwise stated, the information contained in this document is for informational purposes only. It does not constitute an offer of securities and should not be relied upon as financial advice. The information has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person or entity. Before making an investment decision you should consider, with or without the assistance of a financial adviser, whether any investments are appropriate in light of your particular investment needs, objectives and financial circumstances. Neither Hastings, nor any of its related parties including Westpac Banking Corporation ABN 33 007 457 141, guarantees the repayment of capital or performance of any of the entities referred to in this document and past performance is no guarantee of future performance. Hastings, as the Manager or Trustee of various funds, is entitled to receive management and performance fees.

Growth (%)

AIX Airport	Domestic	International	Total
Perth Airport	12.6	7.5	11.2
Australia Pacific Airports Corporation1	(3.2)	10.1	(0.6)
Queensland Airports Limited 2	(1.7)	(14.4)	(3.0)
NT Airports 3	1.6	39.3	(0.6)
Sydney Airport 4	(2.8)	1.8	(1.4)
Athens Airport	(20.5)	(10.8)	(14.5)
Dusseldorf Airport 5	(1.3)	7.0	4.6
Hamburg Airport 5	(3.7)	7.6	2.2
Total weighted by AIX interest	0.8	4.0	1.3

For further enquiries, please contact:

Jeff Pollock

Chief Executive Officer

Australian Infrastructure Fund
Tel: [phone]
Fax: [phone]
Email: [e-mail]
Website: www.hfm.com.au/aix

Simon Ondaatje

Head of Investor Relations

Hastings Funds Management
Tel: [phone]
Fax: [phone]
Email: [e-mail]
Website: www.hfm.com.au/aix

Jane Frawley Company Secretary Australian Infrastructure Fund

1 Total includes international transits (not shown separately) as reported by Melbourne Airport.

2 Total includes transits (not shown separately) at Gold Coast Airport.

3 Total includes transits (not shown separately) at Darwin International Airport.

4 Total includes domestic-on-carriage (not shown separately) as reported by Sydney Airport.

5 International includes transits as reported by ADV German statistics.