PPP Wealth Machine: UK and Global trends in trading project ownership

Appendix 5 Global PPP equity transactions 1998-2012* Owner Asset No Sold to % Price Profit Source of share paid /loss PPP stake m sold Republic of Ireland 2010 €m National Toll East Link Toll Bridge, 2 Dutch Infrastructure n/a 50.0 n/a NTR Press Roads Limited Dublin Fund ll 30/09/2010 (NTR plc) Dundalk Western n/a bypass National Toll North-Link (Dundalk), 3 Egis Projects n/a n/a n/a NTR Press Roads Limited South-Link (Waterford) () 30/09/2010 (NTR plc) Mid-Link (Portlaoise) 2007 1/2007 Hochtief Cork School of Music 1 Hochtief joint 49.0 n/a n/a Hochtief AR 2007 PPP Schools venture with PFI p31 Capital Ltd Infrastructure PFI Infrastructure Company Co. RNS 18/01/2007 PFI Infrastructure Co. Interim 07/03/2007 National Toll West-Link Toll 1 Government’s 100.0 488.0 n/a NTR Press Roads (NTR plc) National Roads 06/06/2007 Authority 2006 Jarvis plc Grouped Schools Pilot 1 Secondary Market n/a n/a n/a SMIF.com PPP Project Infrastructure Fund accessed and Barclays Bank 08/06/2006 2/5/2006 Cork Maritime College 1 Lend Lease joint 50/50 n/a n/a Lend Lease Lend Lease venture with Bank of equali Corporation Press Corporation & sation 04/05/2006 Bank of Scotland of Lend Lease equity Corporation AR in 2006 p26 project n/a 5 schools 1 Hochtief PPP 50.0 n/a n/a Hochtief AR 2006 Solutions p24 Continental Europe 2012 €m Skanska : E18 highway 1 50%/50% between n/a 19.0 n/a Skanska Press – Muuria to Skanska pension 30/11/2012 Lohjanharju fund: Trean Allmanna Pensionsstiftelse and Skanska pension trust John Laing : 1 John Laing 40.0 24.2 n/a JLIF Press Kromhout Barracks Infrastructure Fund 11/10/2012 ACS Group Spain: M-511 and M- 1 GlobalVia 33.3 n/a n/a GlobalVia Press 502 in Madrid region (now 30/10/2012 (Ruta de los has Pantanos) 100.0) Atlantia Italy: Autostrada 1 Sias Group 99.98 223.0 n/a INFRAPPP Torino-Savona 01/10/2012 Atlantia Press 28/09/2012 Skanska Norway: Soreide 1 100.0 29.7 n/a Skanska Press School, Bergen Pensjonsforsikring 21/09/2012 AS Sacyr Spain: Autovia del 1 Marguerite Fund 45.0 24.5 n/a INFRAPPP Vallehermoso Arlanzon, A-! 04/07/2012 Motorway Infrastructure Investor 04/07/2012 Burgers Ergon Netherlands: Dutch 1 DIF Inc n/a n/a Infrastructure Ministry of Finance stake Investor project to 94.0 27/04/2012 Bilfinger Berger : Unna 1 Bilfinger Berger 90.0 n/a n/a Bilfinger Berger Administration Centre Infrastructure Fund RNS 3299A, 29 PPP Wealth Machine: UK and Global trends in trading project ownership

March 2012 Bilfinger Berger Germany: Burg Prison 1 Bilfinger Berger 90.0 n/a n/a Bilfinger Berger Infrastructure Fund RNS 3877N, 28/09/2012 Plexy Ltd : M10 Moscow- 1 Mostotrest (Marc 50.0 193.0 n/a INFRAPPP toll O’Polo Investments 15/11/2012 highway – North-West (38.6%) CEE Bankwatch Concession Company Transfingroup Asset 2011 (see (Vinci has remaining Management references) 50.0%) (27.1%) 2011 n/a Netherlands: HSL 1 HICL Infrastructure 5.5 11.6 n/a HICL RNS Zuid – High Speed Company 15/03/2011 Rail PPP project. Atlantia S.p.A. Italy: Strada dei 1 Toto S.p.A. 60.0 89.0 n/a Atlantia Press Parchi S.p.A – A24 03/01/2011 & Rome–Teramo and 30/05/2011 A25 Torano-Pecara EIFFAGE France: Prisons in 4 DG Infra Yield 80.1 n/a n/a DG Infra News Roanne, Lyon, Nancy (GMIV and Dexia) 13/12/2011 and Beziers, Ballast Nedham Netherlands: 3 Benelux Secondary n/a n/a n/a DG Infra Yield Kromhout Barracks, PPP Fund 1 (DG News12/09/2011 Utrecht Infra Yield 80% and DUO2 offices for Ballast Nedham Ballast Nedham Information 20%) News 12/09/2011 management Dutch Tax Administration, Groningen and buildings for several government departments Struckton Netherlands 6 Dutch Infrastructure 30.0 n/a n/a Struckton News (Oranjewoud Kromhout Barracks in Fund (transfer of 27/10/2011 N.V.) Utrecht 80% of Struckton’s Regional Tax Office in holdings) 30.0 Groningen Montaigne Lyceum in 44.9 The Hague Ministry of Finance 5.0 DIF News office, The Hague 12/12/2011 Harnaschpolder- 5.0 Houtrust wastewater purification system in Den Hoom and Scheveningen Maasvlakte-Vaanplein 24.0 section of A15 motorway Municipalities of Italy: Autostrada 1 Fondi Italiani per le 7.4 64.8 n/a F2i News Padua and Brescia Verona infrastrutte (F2i) 17/11/2011 Vicenza Vicenza Padova SpA BAM No details of 3 3 PGGM/BAM joint €45.0 10.0 n/a BAM/PGGM Press projects (EU) venture 80/20 08/12/2011 interest Atlantia S.p.A. Italy: Autostrada 1 Banca Monte Paschi 69.1 67.7 50.0 Atlantia Press Tirrenica di Siena, Holcoa 28/11/2011 SpA, Vianco SpA & Autostrada Ligure Toscana SpA 2010 Atlantia S.p.A. Portgual: A8 1 Lena SGPS and 25.0 26.1 n/a Atlantia Press Autoestradas do Lena Engehharia e 28/02/2010 Oeste SA Costrucoes SA Skanska Norway: 1 Skanska Tean 50.0 18.1 10.7 Project Finance, Orkdalsvegen E39 Allman March 2010 PPP road, Pensionsstiftelse Skanska Press 25/02/2010 Banesto bank Spain: Soller Tunnel, 1 Globalvia 32.7 n/a n/a Globalvia Press Palma-Soller, Majorca 16/09/2011 Funds managed France: Autoroutes 1 Effiage and 13.7 854.0 n/a Infrastructure by Eliot Paris-Rhin-Rhone Macquarie Atlas Investor Management (APPR) Roads JVC 17/06/2010 Corp & Sandell ______2 ______

PPP Wealth Machine: UK and Global trends in trading project ownership

Asset Management Cintra (Spain) Spain: Autopista 1 Albertis and 50.0 67.0 n/a Cintra Press Trados 45, M-45 Finavias (AXA 21/07/2010 highway, Madrid Private Equity) Global Via, Caja Spain: Autovia del 1 RREEF (Deutsche 80.0 n/a n/a Infrastructure Navarra and nEC Camino Bank) Investor 21/07/2010 Sacyr Spain: 2 shadow toll 4 Eiser Infrastructure 49.0 61.0 n/a Sacyr RNS Vallehermoso roads & 2 fund 13/05/2010 interchanges Autovia del Noroeste (Aunor) Autovia del Turia 49.0 Moncloa (Itemosa) n/a Infra News Plaza Eliptica n/a 18/05/2010 BAM Deutschland Germany: Pforzheim 1 International Public 97.0 1.0 n/a INPP RNS AG Schools PPP Partnerships (now 14/05/2010 has 98%) John Laing Group Finland: E18 road 1 John Laing 100.0 19.1 n/a JLIF News Infrastructure Fund 21/12/2010 2009 Bovis Lend Lease Italy: Brescia Hospital 1 International Public 13.0 1.0 n/a INPP RNS Corporation Partnerships (now 31/07/2009 37%) Babcock Brown : Diabolo rail 1 International Public 10.0 3.0 n/a INPP RNS project, Brussels, Partnerships (now 13/10/2009 75.0) Citi Infrastructure Spain: Toll road AP- 1 Albertis 50.0 n/a n/a Albertis Press 68 Zaragoza-Bilbao Infraestructuras SA 26/06/2009 Citi infrastructure Portugal: 4 Atlantia S.p.A. n/a n/a n/a Sacyr Press Autoestradas do 01/12/2008 Atlantico (A-8 Sur, A-8 Norte, A-15) Via Litoral (ER-101) Puente Vasco do Gama Puente 25 de Abril Itinere Spain: Autopista 9 Sacyr Vallehermoso 40.0 478.3 n/a Sacyr Press Infraestructuras Madrid Levante (AP- (part of sale 01/12/2008 SA 36 agreement with Citi Autopista Madrid Sur Infrastructure) 35.0 (R-4) Madrid access (R-3) 25.0 and R-5) Madrid access (R-5) 25.0 Aunor (C-415) 100.0 Viastor (AS-2) 70.0 Pamasa (C-715) 35.0 Turia (CV-35) 89.0 Eresma (CL-601) 73.0 2008 Sacyr Itinere Infraestructuras 30 Citi Infrastructure 51.7 7,887.0 n/a Citi Alt Invest Vallehermoso SA. Includes projects 01/12/2008 in Spain, Portugal, Sacyr Press Ireland, Chile and 01/12/2008 Brazil Itinere AR 2009 p7-10 Macquarie Portugal: Lusoponte, 1 Mota-Engil 30.6 112.0 (15% Macquarie RNS Infrastructure two toll bridges in Concessoes de IRR) 30/09/2008 Group Lisbon Transporte (Mota) and Vinci Acciona Spain: Concesiones 5 Globalvia (FCC 33.3 101.3 n/a Acciona Press Infrastructure de Madrid SA, M45 Construccion and 02/09/2008 bypass Corporacion and Ruta de ls Pantanos Bankia joint venture 25.0 SA toll road Brunete- M40 Transportes 12.18 Ferroviarios de Madrid Metro line 9 Vicalvaro- Arganda Tranvia de Paria light 42.5

______3 ______

PPP Wealth Machine: UK and Global trends in trading project ownership

rail, Madrid Tunel D’Envalira, 40.0 Spain-Andorra Atlantia S.p.A Italy: A22 Brenner- 2 Compagnia di 5.51 80.0 18.3 Atlantia Press Modena Investimenti e 2008 Financial Autovie Venete - A4 Sviluppo SpA 4.29 Statement Venice-Trieste, A23 Palmanova-Udine South, and A28 Portogruaro- Pordenone- Conegliano Babcock & Brown Italy: Bresica Hospital 2 Babcock & Brown 24.0 n/a n/a BBPP RNS 2530T Belgium: Diabolo Rail Public Partnerships 27.5 28/04/2008 Link 2007 Atlantia S.p.A Italy: Brescia-Milan: 2 Intesa Sanpaolo 35.5 41.0 4.6 Atlantia Press Autostrade Lombarde S.p.A. 02/04/2007 Societa di Prgetto 1.0 Bre.Be.Mi. S.p.A. 2006 HSBC Netherlands: HSL 1 HSBC Infrastructure 24.5 n/a n/a HICL Prospectus Zuid high speed rail Company Limited 2006 link (HICL) flotation HICL AR 2007 2005 Groupo Spain: Autopistas del 4 Itinere 20.0 n/a n/a http://www.grupoiti Santander Atlantico (Audasa) nere.com Autopista Astur (accessed Leonesa (Aucalsa) 20/10/2012) Autoestradas de Galicia Autopistas de Navarra (Audenasa) 2004 Skanska and Poland: A1 Motorway 1 John Laing plc 30.0 11.5 n/a Laing News Intertoll 03/12/2004

2003 Mowlem : Arlanda 1 Macquarie 7.0 n/a 2.8 Mowlem AR 2003 Construction (7%) Express Infrastructure Group loss Vattenfall (20%) , Sweden: Arlanda 1 Macquarie 93.0 n/a n/a Sward 2008 (see Alstom (29%), Express Infrastructure Group references) NCC (44%) Canada 2012 C$m Bilfinger Berger Golden Ears Bridge 3 Bilfinger Berger 50.0 48.7 n/a Bilfinger Berger Project Kicking Horse Canyon Global Infrastructure 50.0 Global Infra RNS Infrastructure Highway 9947W 08/02/2012 North West Anthony 50.0 Bilfinger Berger Henday Drive, Alberta Global Infra RNS 3299A, 29/03/2012 2011 John Laing Abbotsford Regional 1 John Laing 20.0 n/a n/a JLIF News Hospital, British Infrastructure Fund (now 11/11/2011 Columbia 100.0) 2010 Macquaries Sea-to-Sky Highway 2 Fiera Axium 100.0 n/a n/a Fiera Axium Press Essential Assets Improvement Project Infrastructure, 02/12/2010 Partnership Anthony Henday Drive Regime de rentes Southeast Leg Ring du Mouvement Road Desjardins and Nova Scotia Pension Agency Bilfinger Berger North West Anthony 1 HICL Infrastructure 50.0 n/a n/a HICL RNS Henday Drive, Alberta Company 11/11/2010 Intoll (Macquarie 407 ETR Concession, 1 Canada Pension 30.0 3,438.0 n/a Intoll Scheme Group) Toronto expressway Plan Investment and 14/10/2010 and Intoll Group, Board 100.0 Intoll ASX Release Australia Intoll 18/11/2010 Cintra (Ferrovial, 407 ETR Concession, 1 Canada Pension 10.0 894.3 n/a Ferrovial News Spain) Toronto expressway Plan Investment 06/10/2010 ______4 ______

PPP Wealth Machine: UK and Global trends in trading project ownership

Board 2007 Macquarie Group Abbotsford Regional 1 John Laing 81.0 74.0 n/a Laing Press Hospital, British ABN 02/02/2007 Columbia AMRO retaine d 19.0 Macquarie Group Diamond Health Care 1 John Laing 100.0 22.6 n/a Laing Press Centre, Vancouver ABN 02/02/2007 General hospital AMRO retaine d 19.0 ABN AMRO Abbotsford Regional 1 John Laing 19.0 13.3 n/a Laing Press Hospital, British 02/02/2007 Columbia 2005 ABN AMRO Bank Abbotsford Regional 1 Macquarie Group 81.0 n/a n/a Macquarie Bank NV (retained Hospital, British Press, 28/12/2005 19.0%) Columbia ABN AMRO Bank Diamond Health Care 1 Macquarie Group 81.0 n/a n/a Macquarie Bank NV (retained Centre, Vancouver Press, 28/12/2005 19.0%) General hospital 2002 Capital Toronto 407 Express 1 Macquarie 18.4 495.0 Four Hrab 2004 (see D’Amerique Infrastructure Group times references) origin cost SNC-Lavalin Toronto 407 Express 1 Cintra 26.0 178.2 Four SNC-Lavalin times Press 19/03/2002 origin cost USA 2012 US$m ACS Group Interstate-595, Florida 1 Teachers Insurance 50.0 806.7 599.7 Project Finance, toll lanes, 17km and Annuity October 2011 Association-CREF Meridiam North Tarrant Express, 2 APG Dutch pension 12.3 n/a n/a INFRA PPP Infrastructure Dallas, Texas fund 06/08/2012 Lyndon B. Johnson 13.3 Project Finance Freeway, Texas August 2012 2010 Macquarie South Bay 1 Banks and Federal 100.0 n/a n/a www.fhwa.dot.gov/ Infrastructure Expressway – filed for Govt via TIFIA loan ipd/project_profiles Partners & bankruptcy under (Transportation /ca_southbay.htm Macquarie Chapter 11 of the Infrastructure (accessed Infrastructure Bankruptcy Code Finance and 22/10/2012 Group Innovation Act) Macquarie Atlas Road ASX Release 23/03/2010 Macquarie Indiana Toll Road 4 Macquarie Atlas 25.0 n/a A$ Macquarie Group Infrastructure Roads demerged 226.0 Press 30/10/2009 Group Chicago Skyway from Macquarie 22.5 Macquarie Atlas South Bay Infrastructure Group 50.0 Roads AR 2011 Expressway and listed on Dulles Greenway Australian Stock 50.0 (TRIP ll) Exchange 2006 Macquarie Indiana Toll Road 4 Macquarie 25.0 824.6 n/a MIG Management Infrastructure Infrastructure Report, half year, Group Partners, an unlisted 31/12/2006 Chicago Skyway infra fund – pension 22.5 Macquarie Group South Bay funds, insurance 50.0 Press 02/05/2007 Expressway companies, Dulles Greenway foundations & 50.0 (TRIP ll) wealthy individuals 2005 Shenandoah Dulles Greenway 1 Macquarie 100.0 617.5 n/a www.fhwa.dot.gov/ Group (86.7%) (TRIP ll) Infrastructure Group ipd/project_profiles Kellogg Brown & /va_dulles_greenw Root (13.3%) ay.htm (accessed 22/20/2012) 2003 Autostrade Dulles Greenway 1 Shenandoah Group 30.0 n/a n/a www.fhwa.dot.gov/ ______5 ______

PPP Wealth Machine: UK and Global trends in trading project ownership

International (TRIP ll) ipd/project_profiles /va_dulles_greenw ay.htm (accessed 22/20/2012) Latin America 2012 US$m OHL Group Brazil: 9 toll roads, 9 Abertis (51%) and 60.0 1,700.0 n/a Albertis Press 3,200km, Autovias, Brookfield 4/12/2012 Centrovias, Intervias, Infrastructure (49%) Vianorte, Autopista joint venture Brookfield Press Fluminense, Autopista 06/08/2012 Fernao Dias, Autopista Regis Bittencourt, Autopista Litoral Sul, Sutopista Planalto Sul OHL Group Chile: 3 toll roads 3 Albertis n/a 204.0 n/a Albertis Press Autopista Los Andes, 4/12/2012 Autopista del Sol, Autopista Los Libertadores Hochtief Chile: Vespucio Norte 1 Brookfield Asset 45.45 288.0 n/a Hochtief Press Express toll highway, Management 04/10/2012 Santiago Infraestructures Costa Rica: San 1 GlobalVia 17.0 20.0 n/a GlobalVia Press SDC Desarrollos Jose-Caldera 02/11/2012 Internacionales mortorway (Autopistas del Sol S.A.) Atlantia S.p.A. Chile: Grupo 5 Canada Pension 49.9 1,100.0 n/a Atlantia Press Constanera, operates Plan Investment 19/04/2012 Nororiente, Acceso Board Vial Amb, Vespucio CPPIB Press Sur, Constanera Norte 19/04/2012 toll roads in Santiago Project Finance and Litoral Central April 2012 Sias Chile: Autostrade Sud 5 Atlantia S.p.A 45.8 €565.2 n/a Atlantia Press America – Grupo 28/06/2012 Constanera Project Finance April 2012 Mediobanca Chile: Autostrade Sud 5 Atlantia S.p.A 8.5 €104.6 n/a Atlantia Press America – Grupo 28/06/2012 Constanera Project Finance April 2012 Grupo Omega Mexico: Barranca 1 Empresas ICA n/a n/a n/a Infrastructure Larga-Ventanilla Toll Investor Road, Oaxaca, Mexico 17/04/2012 Acciona Mexico: Universidad 1 Macquarie Mexican 100.0 46.3 n/a Acciona Press Infrastructure Politecnica de San Infrastructure Fund 31/07/2012 Luis Potosi PYCSA Panama: Corredor 1 Empresa Nacional 100.0 650.0 n/a Project Finance Norte highway de Autopista (ENA) April 2012 Panama Government 2011 Empresas ICA Mexico: Queretaro- 2 West Highway 100.0 167.7 n/a Empresas News Irapuato toll road Network (RCO) – 23/09/2011 Irapuato-La Piedad 54.5% owned by Mexican Business toll road Goldman Sachs Web 16/07/2012 Leao & Leao Brazil: Trangulo do 1 Atlantia S.p.A. 10.0 €30.0 n/a Atlantia Press Sol, 442km Sao Paolo 01/09/2011 10.0 €30.4 n/a Atlantia Press 14/09/2011 10.0 €29.1 n/a Atlantia Press 14/11/2011 Sacyr Chile: Concepcion- 2 Falabella Group 49.0 231.3 n/a Project Finance Concesiones Cabrero highway December 2011 Iquiique Access 49.0 highway Skanska Chile: Autopistas de 1 Inversiones 50.0 41.5 7.5 Skanska Press Antofagasta Infrasestructura Dos 09/09/2011 S.A., Las Americas, PENTA ACS Chile: Tunel San 2 Brookfield 50.0 290.8 n/a Infrastructure Cristobal Infrastructure Investor

______6 ______

PPP Wealth Machine: UK and Global trends in trading project ownership

Partners (Canada) 26/09/2011 Vespucio Norte 46.5 Project Finance September 2011 Acciona Chile: Vespucio South 2 Atlantia S.p.A. 50.0 305.0 n/a Acciona Press Motorway (Autopista 18/04/2011 Vespucio Sur) Central Coastal Road 50.0 Atlantia Press Network (Red Vial 30/06/2011 Litoral Central) Skanska Chile: Autopista 1 Alberta Investment 50.0 790.0 350.0 Skanska Press Central Highway Management 29/04/2011 Corporation InraAmericas (Canada) 13/05/2011 2010 Rpstec de Mexico Mexico: 10 toll free 1 Macquarie Mexican 100.0 125.0 n/a Macquarie MIF highway stretches, Infrastructure Fund 20/12/2010 Durango Mexican Govt Mexico: Tlaxcala-San 1 Pinfra (Promotora y 100.0 28.1 n/a Project Finance (earlier taken Martin Texmelucan toll Operadora de November 2010 control after long road Infraestructura) dispute with ICA) BRISA (Portugal) Brazil: CCR toll 7 CCR controlling 16.35 1,318.2 845.5 BRISA Results roader operator with shareholders (6.0%) 2010, 18/03/2011 seven concessions 10.35% privately BRISA Sale of sold via banks CCR equity stake 23/06/2010 Sacyr Chile: Vallenar- 1 Fondo de las 40.0 22.0 n/a Infra News Vallehermoso Caldera Americas 18/05/2010

ICA Panama: Corredor 1 Empresa Nacional 100.0 420.0 n/a Project Finance Sur highway de Autopista (ENA) March 2010 Panama Government Leao & Leao Ltda Brazil: Triangulo do 1 Atlantia S.p.A 10.0 n/a n/a Atlantia Press Sol Auto-Estradas SA, 11/06/2010 442km toll road Sao Paolo 2009 Cintra Spain Chile: Santiago Talca 5 ISA Group, 60.0 300.0 n/a Ferrovial News (100.0%) Columbia 29/12/2009 Talca Chillan (67.6%) Chillan Collipulli (100.%) Collipulli Temuco (100.0%) Temuco Rio Bueno (75.0%) Citi Infrastructure Chile: Toll roads 3 Atlantia SpA (Italy) n/a €420.0 n/a Lavca 06/06/2009 Vespucio Sur, (formerly Santiago Autostrade) Nororiene, Santiago Rio Bueno-Puerto Montt highway Itinere Chile: Rutuas del 4 Albertis (Spain) 50.0 €605.0 n/a Albertis Press Pacifico, North Chile 26/06/2009 Highway 5, Autopista del Elqui – 75.0 Los Vilos-La Serena Rutas ll and 50.0 Operadora del Pacifico Gestora de Autopistas 49.0 SA – management of 4 toll roads 2008 Bancomext Chile: SCADA toll 2 Globalvia (50/50 100.0 553.0 n/a Globalvia Press (Mexico) road Santiago-Los joint venture 03/06/2008 Vilos Fomento de SCADI toll road Construcciones y 100.0 Concepcion-Chillan Contratas (FCC) and Bankia. ACS Spain Chile: Toll Roads – 2 Albertis (57.7%) & 48.0 €700.0 €600.0 ACS Press Autopista Central Santander 04/01/2008 Rutas del Pacifico Infrastructure Fund 50.0 Reuters

______7 ______

PPP Wealth Machine: UK and Global trends in trading project ownership

(42.3%) 04/01/2008 2007 Skanska Brazil: Ponte de 1 Suez-Tractebel 50.0 85.0 45.0 Skanska Press Pedra hydroelectric 14/12/2007 power plant Business Wire 14/12/2007 Impregilo Brazil: Ponte de 1 Suez-Tractebel 50.0 n/a n/a Skanska Press Pedra hydroelectric 14/12/2007 power plant Business Wire 14/12/2007 Australia 2012 A$m Bilfinger Berger Victoria Prisons 1 Bilfinger Berger 100.0 55.0 n/a BBGI RNS Global Infrastructure 5729Y Fund 02/03/2012 Bilfinger Berger Royal Women’s 1 Bilfinger Berger 100.0 30.0 n/a BBGI RNS Hospital, Melbourne Global Infrastructure 7638X Fund 21/02/2012 Plenary Group Living Environment 1 Palisade Investment 49.9 n/a n/a Infrastructure Accommodation Partners via Investor Project (Leap 2) - Australia Social 21/08/2012 3,000 accommodation Infrastructure Fund units, 14 defence (PASIF) bases 2011 Various Eastlink toll road, 1 CP2 infrastructure 100.0 2,200.0 n/a ConnectEast shareholders Melbourne, investment: Funded ASX 27/09/2011 CoonectEast Group by UK Universities Superannuation Scheme, APG Business Netherlands, Spectator National Pension 22/07/2011 Service Korea, Leader Investment Corp, China, Teachers Insurance & Annuity US Various River City Motorway, 1 Pending 100.0 Not Not PPB Advisory shareholders Brisbane (CLEM7 applicable applicable 01/09/2011 Receivers Tunnel and (administrators) appointed AirportLink) Project finance March 2011 2010 Brookfield Long Bay Prison and 2 International Public 50.0 n/a n/a INPP RNS Multiplex and Forensic Hospital, Partnerships 5977Y Babcock & Brown New South Wales (now has 100.0 of 24/12/2010 Royal Melbourne each PPP) 50.0 Showgrounds Connector Lane Cove Tunnel 1 Transurban Group 100.0 630.5 n/a Transurban ASX Motorways, 9/8/2010 and (Leighton 10/05/2010 Holdings Ltd., Project Finance Mirvac Group & International Cheung Kong 10/05/2010 Infrastructure Holdings Ltd. Intoll Group M7, Sydney 1 Canada Pension 25.0 3,440.0 n/a Intoll Scheme (Macquarie) Plan Investment plus 14/10/2010 Board 100.0 Intoll Intoll ASX Release 18/11/2010 FreightLink Pty Adelaide to Darwin 1 Genesee & 100.0 334.0 n/a Genesee & Ltd 1,400m railroad, Wyoming Inc (USA) Wyoming News concession to 2004- 08/06/2010 2054 but company Clayton Utz went into receivership 16/03/2011 in November 2008 Queensland Brisconnections 1 n/a 1.48 n/a n/a Form 604, Investment AirportlinkM7 toll road Corporations Act Corporation (state 2001, QIC pension fund) 23/04/2010 2009 A$1.2bn public Brisconnections 1 Underwriters n/a n/a Whitfield 2010 ______8 ______

PPP Wealth Machine: UK and Global trends in trading project ownership

flotation in 2008 AirportlinkM7 toll road Macquarie Bank 45.6 p132-134 (see share price Deutsche Bank 35.4 references) collapse, dumping end up largest and speculation shareholders with Queensland 9.98 Investment Corp 2008 Macquarie Westlink M7 1 Western Sydney 50.0 805.0 (25.9 Macquarie RNS Infrastructure Road Group (50/50 (MIG return) 01/12/2008 Group joint venture MIG received Transurban ASX and Queensland 402.5) 13/01/2009 Investment Corp) rejects pre- emptive right to acquire MIG’s stake n/a Equity shareholding in 1 Canada Pension 10.0 659.0 Bloomberg Transurban Plan 19/06/2008 Babcock & Brown Orange and 1 Babcock & Brown 100.0 n/a n/a BBPP RNS Associated Health Public Partnerships 2530T Services, NSW 28/04/2008 2007 Motor Traders Airport Motorway 1 Transurban Group 3.8 46.5 n/a Transurban ASX Association of Group - Eastern 14/09/2007 Australia Distributor M1 Various Sydney Roads Group: 3 Transurban Group 100.0 1,250.0 n/a Transurban ASX shareholders Eastern Distributor M1 of 04/05/2007 (71.35%) SRG M4 motorway Transurban M5 motorway (50.0%) merger document & ASX 14/12/2006 CKI Lane Cove Lane Cove Tunnel, 1 Macquarie Bank 9.5 n/a n/a New South Holdings Sydney Wales Road (Malaysia) Ltd Transport Authority 2007 p11 (see references) Li Ka Shing Lane Cove Tunnel, 1 Macquarie Bank 9.5 n/a n/a New South (Overseas) Sydney Wales Road Foundation Transport Authority 2007 p11 Receivers Cross City Tunnel, 1 ABN AMRO (94%) 100.0 590.0 n/a TollRoads News Sydney and Leighton 21/06/2007 Holdings (6%) Receivers Airport Link Company, 1 Westpac Essential 100.0 n/a n/a Westpac Press appointed Sidney (A$600m Services (49.9%) 30/03/2007 30/11/2000 project b Transfield and Capital Partners and Bouygues) (51.1%) 2006 Macquarie Eastern Distributor, 3 Sidney Roads 100.0 n/a n/a Macquarie Infrastructure M4 motorway Group – Demerger Infrastructure Group M5 motorway from Macquarie Group 20/07/2006 n/a Westlink M7 1 Macquarie 2.5 34.3 n/a MIG Infrastructure Group Management Report, half year, 31/12/2006 Babcock & Brown Long Bay Prison and 3 Babcock & Brown 50.0 (part of n/a BBPP AR to Forensic Hospital, Public Partnerships £187.0 31/12/2006 NSW (listing on London flotation Royal Melbourne Stock Exchange) 50.0 with 19 BBPP Showgrounds UK Prospectus 2006 RiverCity Motorway 4.86 projects) 2005 Various Hills M2 motorway, 1 Transurban Group 91.9 2,070.0 n/a Transurban shareholders Sidney Offer 15/04/2005 2004 Various Hills M2 motorway, 1 Transurban Group 8.1 96.0 n/a Transurban ASX shareholders Sidney 19/04/2004 Transfield Lane Cove Tunnel 1 CKI Lane Cove 5.07 n/a n/a New South Infrastructure Holdings (Malaysia) Wales Road Ltd (40.0%) and Li Transport Ka Shing Authority 2007 ______9 ______

PPP Wealth Machine: UK and Global trends in trading project ownership

(Overseas) p11 Foundation (14.9%) (see references) ABM Amro Lane Cove Tunnel 1 CKI Lane Cove 28.61 n/a n/a New South Holdings (Malaysia) Wales Road Ltd (40.0%) and Li Transport Ka Shing Authority 2007 (Overseas) p11 Foundation (14.9%) (see references) AMP Life Lane Cove Tunnel 1 CKI Lane Cove 12.0 n/a n/a New South Holdings (Malaysia) Wales Road Ltd (40.0%) and Li Transport Ka Shing Authority 2007 (Overseas) p11 Foundation (14.9%) (see references) Theiss Pty Ltd Lane Cove Tunnel 1 CKI Lane Cove 4.6 n/a n/a New South (Leighton) Holdings (Malaysia) Wales Road Ltd (40.0%) and Li Transport Ka Shing Authority 2007 (Overseas) p11 Foundation (14.9%) (see references) John Holland Pty Lane Cove Tunnel 1 CKI Lane Cove 4.6 n/a n/a New South Ltd (Leighton) Holdings (Malaysia) Wales Road Ltd (40.0%) and Li Transport Ka Shing Authority 2007 (Overseas) p11 Foundation (14.9%) (see references) AMP Life Lane Cove Tunnel 1 Equipsuper Pty 0.88 n/a n/a New South Limited Wales Road Transport Authority 2007 p11 (see references) Group 4 Global Solutions Ltd 2 Englefield Capital 100.0 Part of n/a Group 4 Falck (GSL) operates 2 and Electra Partners £207.0 RNS 26/05/2004 prisons in Australia Europe deal Group 4 Falck Mount Gambier, South RNS 13/07/2004 Australia and Port Public Private Philip, Victoria Finance, June 2004 2003 John Laing plc Adelaide Airport, 1 Motor Trades of 14.5 33.0 7.6 Laing Press 2003 Australia Australia 19/11/2003, Association Pension Laing AR 2003 Fund p32 John Laing plc Northern Territory 1 Perpetual 14.6 15.5 5.0 Laing Press 2003 Airports Investment 2003, Management 19/11/2003, Laing AR 2003 p32 2000 State Wide Roads M4 motorway 1 Macquarie 50.6 157.0 n/a Macquarie M4 Infrastructure Toll Road Acquisition presentation 2000 1998 n/a Adelaide Airport 2 John Laing plc 14.5 10.1 n/a Laing AR 1998 Northern Territories p24, Airport Middle East 2010 Aecon (Canada) Israel: Cross-Israel 1 Israel Infrastructure 25.0 C$ n/a Infrastructure Highway, Dersch Management 77.8 Investor Eretz Highways 20/07/2010 Africa 2007 US$ Skanska Mozambique: Maputo 1 Grindrod, South 12.0 15.8 10.5 Business Wire Harbour Africa 14/12/2007 Group 4 South Africa: Global 1 Englefield Capital 100.0 n/a n/a Group 4 Falck Solutions Ltd (GSL) and Electra Partners RNS 26/05/2004 Prison Europe Group 4 Falck RNS 13/07/2004 Public Private Finance, June

______10 ______

PPP Wealth Machine: UK and Global trends in trading project ownership

2004 Asia US$ 2012 Supreme India: 4 tolls roads 4 3i India 49.0 61.0 n/a Infrastructure Infrastructure Infrastructure Fund Investor India 31/01/2012 Project Finance January 2012 Ramky India: Gwalior Bypass 1 Era Infra 25.0 n/a n/a INFRA PPP Infrastructure Ltd BOT Road Project, Engineering Ltd 17/08/2012 Madhya Pradesh Ashoka Buildcon India: Toll roads – 7 Ashoka n/a 150.0 n/a Project Finance Jaora Nayagaon, Concessions - August 2012 Pimpalgaon Gonde, Macquarie SBI Infra Belgaum Dharwad, Fund Bhandara, Durg, Sambalpur Baragarh, Dhankuni Kharagpur Coastal Rod Philippines: Manila- 1 Thornhedge Equity 30.0 n/a n/a Philippine Daily Corporation Cavite toll road Investments (US) Inquirer 18/04/2012 2011 HCC India: 6 road projects 6 Xander Group 14.5 375.0 n/a Xander Group & Infrastructure Co. Nirmal BOT, Andhra HCC Press Ltd. Pradesh, Delhi 28/07/2011 Faridabad Elevated Infrastructure Expressway, Dhule- Investor Palesner Highway, 03/10/2011 Baharampore-Farakka http://www.project Highway, Farakka- smonitor.com/RO Raiganj Highway, ADWAY/road- Raiganj-Dalkhola sector-has- Highway evolved-positively- in-ppp-space Natpac Graha Indonesia: Kertosono 1 Astratel Nusantara 95.0 88.0 n/a Astra International Arthamas – Mojokerto, East Press 06/09/2011 Java toll road 2010 Plus Expressways Malaysia: 8 8 State owned UEM 100.0 7,460.0 n/a UEM Group Bhd expressways Group (51%) and Press Release Employees 09/11/2010 Provident Fund Board, state pension fund (49%) Source: European Services Strategy Unit PPP Database, 2012. * 11months to end November 2012. Coding • AR – Annual Report and Accounts • ASX – Australian Stock Exchange • IR – Interim Report • RN – Regulatory Notice to Stock Exchange • SEC 8K – US Securities & Exchange Commission 8K Filing • Press – Press release issued by company Also see Appendix 1: Methodology and design of the database

______11 ______