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Bristol International Shareholders

Bristol International Airport

Bristol International Airport is 100% owned by South West Airports Limited (SWAL), a joint venture holding company owned by Bristol Airport (Bermuda) Limited (BABL) and Macquarie European Infrastructure Fund (MEIF). BABL is 71% owned by Macquarie Airports, a fund listed on the Sydney Stock Exchange, and 29% owned by Ontario Teachers Pension Plan, a major infrastructure investor. Both BABL and MEIF are managed by Macquarie Capital Funds (Europe) Limited (MCFEL), a subsidiary of Macquarie Group Limited.

Since acquiring an initial stake in Bristol International Airport in January 2001 Macquarie has increased its portfolio of airport investments through its specialised funds and now has stakeholdings in Sydney, Copenhagen and Brussels Airports, and a long term strategic investment in Japan Airport Terminal.

MEIF is an investor in major infrastructure assets and its current holdings include Thames Water, Wales & West Utilities and the Arlanda Express rail link.

www.macquarie.com/eu