Ann: HY 2009 Results Announcement , page-4

Happy with the 1/2 year results.

Gearing high end but look good to service debts A- CR.
Guidance is 13.56cp/s 2009.
Caution for 2010-15 preiod as regulation reset.(Capex)
Sept Divy 6.72c/sec ufr Ex 28/08/09 DRP 2.5% discount.
Underlying income up 26.1%
Operating costs -11.5%
NTA 170c

Seems MQG has jumped on a winner.
And so have we.

US infrastructure index still looking good.

Holding Holding,

until I sell.

P. Don't trade on these comments.