CAPITAL MARKETS

Capital Market Transaction Summary

Morrison & Co has arranged capital raisings (bank debt, bond and convertible note issues, project financings and equity raising) for a number of companies across most infrastructure sectors. Specific examples include:

Energy-Related Capital Markets Transactions

	Debt and Equity Arranged for a Queensland GOC/Private Sector Generation Project
	Arrangement of NZD Debt Facilities for TrustPower, New Zealand
	NZD200 million Refinance of Southpower, New Zealand
	Initial Public Listing of CentralPower and TrustPower, New Zealand
	AUD267 million Refinance of Southern Hydro, Victoria, Australia

Airport-Related Capital Markets Transactions

	NZD65 million Bond Issue for Infratil to Buyout other Consortium Members in Wellington International Airport
	NZD185 million Refinance of Wellington International Airport