MANAGER'S CREDENTIALS

Morrison & Co has proven that it has the necessary skills to perform all the roles required to manage Infratil and, in addition, Infratil benefits by having access to specialist skills of an experienced investment bank and niche advisor to key infrastructure sectors.

Niche Investment Bank Advising the Infrastructure Sector

Morrison & Co has significant experience in mergers and acquisitions, public tenders, IPOs, public and private capital placements, project finance and company valuations gained as a niche advisor to the infrastructure sector. Furthermore, several executives of Morrison & Co have previous transaction experience from many years as former employees in leading investment banks.

Specialist Consultant to the Energy Sector

Morrison & Co is a leading advisor to the energy sector in both Australia and New Zealand with a proven record of success in a comprehensive range of investment banking transactions and in major strategic advisory roles for both industry participants and governments.

Significant Experience in Airports

Morrison & Co's Airport Group has been the advisor on numerous airport acquisitions. Presently the Group is directly involved in managing Infratil's investments in Wellington International Airport Limited and Glasgow Prestwick International Airport.

Successful Funds Manager

Morrison & Co has successfully created and managed a number of funds, the majority of which were listed on the NZX. These included: Utilico International, The Greenstone Fund and Infratil Australia (which was acquired by an Australian infrastructure fund in June 2000).