Ann: Announces Sale of Northbridge, WA , page-21

Hi Kasper,

I would be interested to hear your thoughts on CEU in some detail as to how you view this stock and what you think about its growth prospects.

I can see how it would attract interest amongst investors being Australia's largest infrastructure road project and Melbourne's second fully electronic tollway company comprising 39+km in the rapidly growing south-eastern suburbs of Melbourne.

I might well consider this stock as an alternative to TCL and MIG as they might well be out of my price range.I think toll roads provide important diversification within a portfolio of infrastructure stocks, and they complement rail, ports, airports, and gas pipelines very well I think.