PRIME INFRASTRUCTURE HOLDINGS LIMITED (PIH)

delisted following the Schemes of Arrangement (Schemes) implementation resulting in the merger of Prime and Brookfield Infrastructure Partners L.P.

the Schemes of Arrangement (Schemes) were implemented yesterday resulting in the merger of Prime and Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) (Brookfield Infrastructure). Prime also confirmed that the fully tax deferred Special Distribution of A$0.20 for each Prime stapled security held on the Special Distribution Record Date has been paid - Prime Securityholders not participating in the Liquidity Facility or Ineligible Foreign Securityholder Facility have received the default scheme consideration, comprising new limited partnership interests in Brookfield Infrastructure (BIP Interests) at an exchange ratio of 0.24 BIP Interests (rounded to the nearest whole BIP Interest) for each Prime stapled security held on the Scheme Record Date

name changed from Babcock & Brown Infrastructure Group

from 20 November 2009, Prime Infrastructure Group is comprised of Prime Infrastructure Holdings Limited (formerly known as Babcock & Brown Infrastructure Limited) (ABN 61 100 364 234), Prime Infrastructure RE Limited (formerly known as Babcock & Brown Investor Services Limited) (ACN 099 717 638; AFSL 219673) as responsible entity of each of the Prime Infrastructure Trust (formerly known as Babcock & Brown Infrastructure Trust) (ARSN 100 375 479) and Prime Infrastructure Trust 2 (formerly known as Prime SPARCS Trust) (ARSN 108 288 204) - Each Prime Infrastructure stapled security comprises a fully paid ordinary share in Prime Infrastructure Holdings Limited, a fully paid ordinary unit in Prime Infrastructure Trust and a fully paid ordinary unit in Prime Infrastructure Trust 2, all stapled together