Macquarie Atlas Roads Limited Macquarie Atlas Roads International Limited

ACN 141 075 201 EC43828

No. 1 Martin Place Telephone 612 8232 3333 Rosebank Centre

SYDNEY NSW 2000 Facsimile 612 8232 4713 11 Bermudiana Road
GPO Box 4294 Internet: www.macquarie.com/mqa Pembroke HM08
SYDNEY NSW 1164 DX 10287 SSE BERMUDA
AUSTRALIA

21 January 2011

ASX RELEASE

Macquarie Atlas Roads

REVENUE AND TRAFFIC STATISTICS

4th Quarter 2010

Macquarie Atlas Roads (MQA) has today released its December 2010 quarter revenue and
traffic statistics for each of its portfolio toll roads.

Traffic for the December 2010 quarter has been impacted by severe weather conditions
particularly in France and the UK. This has muted what would otherwise have been stronger
performance for the quarter for APRR and the M6 Toll. Notwithstanding this, weighted
average traffic and toll revenue increased across the portfolio by 0.7% and 4.1% respectively.

Traffic and toll revenue growth for the twelve months to 31 December 2010 were 2.1% and
4.6% respectively. These full year numbers also include the impact of adverse weather in the
first quarter.

During the fourth quarter, revenue increased on all portfolio roads except Chicago Skyway,
reflecting improving traffic trends and the positive impact of the changes to tolling structures
implemented during 2010.

The table below provides a summary of the traffic and revenue growth against the prior
corresponding period (pcp).

Revenue vs pcp Traffic vs pcp

Qtr YTD Qtr YTD
Oct-Dec Jan-Dec Oct-Dec Jan-Dec
Traffic Metric
2010 2010 2010 2010
Core APRR Total VKT 3.4% 1.3%
4.3% 2.6%
Assets
M6 Toll ADT 3.4% 6.2% (0.5%) 3.2%

Dulles Greenway ADT 7.8% 1.8% (2.5%) (3.5%)

Non Core Chicago Skyway ADT (6.8%) (5.3%)
(5.8%) (4.9%)
Assets
1
Indiana Toll Road FLET 13.8% 9.5% (1.2%) (0.1%)

Warnow Tunnel ADT 19.2% 12.6% 13.2% 8.8%

1. Full Length Equivalent Trips (FLET) for Indiana Toll Road is derived by taking a weighted average of the Ticket and
Barrier systems’ average daily traffic (ADT).

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Macquarie Atlas Roads = O=

1 AUTOROUTES PARIS-RHIN-RHÔNE (APRR)

At the completion of the anticipated acquisition of the remaining minority interests in APRR by
Eiffarie SAS, MQA will own an estimated 19.4% ownership interest in Autoroutes Paris-Rhin-
Rhône (APRR), in France.

Table 1: Autoroutes Paris-Rhin-Rhône – APRR – Traffic Statistics

Category Quarter to Date

Oct-Dec 2009 Oct-Dec 2010 Change vs. pcp

Toll Revenue

Revenue (€m) 420.3 434.5 3.4%

Total Vehicle Kilometres Travelled
(VKT) (millions)
Light Vehicles 3,866 3,876 0.3%
Heavy Vehicles 772 822 6.5%
Total 4,638 4,698 1.3%
Workdays in Period 64 64 +0
Non Workdays in Period 28 28 +0

During the December 2010 quarter, total traffic (VKT) increased by 1.3% on pcp, with growth
in both light and heavy vehicle volumes. Light vehicle traffic grew by 0.3% while heavy vehicle
volumes grew by 6.5%.

Light vehicle traffic was disrupted by heavy snowfalls from late November and, to a lesser
extent, by petrol shortages caused by strikes staged against the French pension reform,
which coincided with the autumn school holidays in France.

Despite this, total light vehicle volume for the quarter was 0.3% above pcp, indicating an
encouraging underlying performance.

While the improvement in heavy vehicle traffic reflects the continued recovery of industrial
production in France, volumes remain 10.3% below 2007 levels.

Toll revenue continued its positive trend, with a total €434.5 million collected over the quarter,
an increase of 3.4% over pcp. Annual toll revenues for 2010 were 4.3% higher than 2009.

MQA ASX Traffic Release – December Quarter 2010

Macquarie Atlas Roads = P=

2 MIDLAND EXPRESSWAY LIMITED – M6 TOLL

MQA owns 100% of the equity in Midland Expressway Limited, the owner of the concession
for the M6 Toll in the West Midlands, United Kingdom.

Table 3: Midland Expressway Limited – M6 Toll – Traffic Statistics

Category Quarter to Date

Oct-Dec 2009 Oct-Dec 2010 Change vs. pcp

Average Daily Revenue

Revenue (£) 161,352 166,814 3.4%

Average Daily Traffic

Average Workday Trips 42,921 43,104 0.4%

Weekends/Public Holidays 28,745 27,666 (3.8%)
All Days 38,607 38,405 (0.5%)
Non-cash transactions 57.9% 62.8% 4.9%
Workdays in Period 64 64 +0
Non Workdays in Period 28 28 +0

Traffic was negatively impacted in the fourth quarter of 2010 by the severe weather conditions
experienced in the UK. Heavy snow significantly affected traffic levels in both November and
December, resulting in an average daily traffic level that was 0.5% lower than pcp for the
quarter.

Despite the impact of severe weather conditions during both the first and fourth quarters of
2010, full year revenue increased by 6.2% on pcp due to a combination of higher overall
traffic volumes and higher average tolls.

MQA ASX Traffic Release – December Quarter 2010

Macquarie Atlas Roads = Q=

3 DULLES GREENWAY, VIRGINIA

MQA owns an estimated 50% economic interest in TRIP II LP, the owner of the concession
for the Dulles Greenway in Virginia, United States.

Table 2: TRIP II – Dulles Greenway – Traffic Statistics

Category Quarter to Date

Oct-Dec 2009 Oct-Dec 2010 Change vs. pcp

Average Daily Revenue

Revenue (US$) 170,049 183,348 7.8%

Average Daily Traffic

Average Workday Trips 56,403 54,588 (3.2%)

Weekends/Public Holidays 29,084 30,176 3.8%
All Days 48,089 46,893 (2.5%)
Non-cash transactions 86.9% 88.1% 1.2%
Workdays in Period 64 63 -1
Non Workdays in Period 28 29 +1

Dulles Greenway’s average daily traffic over the December 2010 quarter was 2.5% below
pcp, primarily as a result of the new toll schedule which came into effect on 1 July 2010.
Traffic on the adjoining Dulles Toll Road (DTR) fell by 3.7% during the same quarter
compared to pcp.

Revenue for the quarter performed strongly, increasing 7.8% compared to the pcp.

Over the full year, revenue was 1.8% higher than 2009. This includes the impact of unusually
harsh winter weather (50 inches of accumulated snowfall) in the first quarter of 2010.

MQA ASX Traffic Release – December Quarter 2010

Macquarie Atlas Roads = R=

4 CHICAGO SKYWAY, ILLINOIS

MQA owns 22.5% of the equity in Skyway Concession Company LLC, the owner of the
concession for the Chicago Skyway in Illinois, United States.

Table 4: Skyway Concession Company LLC – Chicago Skyway – Traffic Statistics

Category Quarter to Date

Oct-Dec 2009 Oct-Dec 2010 Change vs. pcp

Average Daily Revenue

Revenue (US$) 165,956 154,748 (6.8%)

Average Daily Traffic

Average Workday Trips 44,556 42,205 (5.3%)

Weekends/Public Holidays 47,009 44,376 (5.6%)
All Days 45,303 42,889 (5.3%)
Non-cash transactions 57.8% 58.8% 1.0%
Workdays in Period 64 63 -1
Non Workdays in Period 28 29 +1

Average daily traffic over the December 2010 quarter was 5.3% below pcp. Skyway traffic
volumes continue to be negatively impacted by ongoing construction works on the Indiana
Toll Road barrier system, the closure of the Cline Avenue Bridge on State Road 912, and the
completion of construction on the major competing route.

Skyway traffic remains in line with 2008 volumes with minimal growth as a result of continued
corridor disruptions.

MQA ASX Traffic Release – December Quarter 2010

Macquarie Atlas Roads = S=

5 INDIANA TOLL ROAD, INDIANA

MQA owns 25% of the equity in ITR Concession Company LLC, the owner of the concession
for the Indiana Toll Road in Indiana, United States.

Table 5: ITR Concession Company LLC – Indiana Toll Road – Traffic Statistics
Category Quarter to Date
Oct-Dec 2009 Oct-Dec 2010 Change vs. pcp

Average Daily Revenue

Revenue (US$) 405,118 461,084 13.8%

Average Daily Traffic
2
Ticket – FLET 22,620 22,902 1.2%
2
Barrier – FLET 51,462 47,750 (7.2%)
Non-cash – Ticket 60.0% 65.1% 5.1%
Non-cash – Barrier 63.6% 67.4% 3.8%
Workdays in Period 64 63 -1
Non Workdays in Period 28 29 +1
2. FLET - Full Length Equivalent Trips

Indiana Toll Road’s system-wide average daily traffic (FLET) during the December 2010
quarter was 1.2% below pcp. Ticket system trips were up 1.2% compared to pcp with growth
in both light and heavy vehicles. Barrier traffic was down 7.2% over the same period as the
system continued to be negatively impacted by corridor disruptions also experienced on
Skyway as well as reduced construction on competing routes.

The strong performance of the Ticket system and the toll increase on 1 July 2010 resulted in
revenue growth of 13.8% in the December 2010 quarter compared to pcp.

MQA ASX Traffic Release – December Quarter 2010

Macquarie Atlas Roads = T=

6 WARNOW TUNNEL

MQA owns 70% of the equity in Warnowquerung GmbH & Co. KG, the owner of the
concession for the Warnow Tunnel in Rostock, Germany;

Table 6: Warnowquerung GmbH & Co. – Warnow Tunnel – Traffic Statistics

Category Quarter to Date

Oct-Dec 2009 Oct-Dec 2010 Change vs. pcp

Average Daily Revenue

Revenue (€) 18,281 21,783 19.2%

Average Daily Traffic

Workdays 10,730 12,231 14.0%

Weekends/Public Holidays 6,937 7,485 7.9%
All Days 9,617 10,890 13.2%
Workdays in Period 64 66 +2
Non Workdays in Period 28 26 -2

Average daily traffic over the December 2010 quarter was 13.2% above pcp as the
construction works on the competing road (L22) continued until late November. The impact of
this construction was also reflected in the YTD traffic growth figure of 8.8% despite the severe
winter weather conditions experienced during the March 2010 quarter.

The increased traffic through the Warnow tunnel has resulted in a 19.2% increase in average
daily revenue relative to the corresponding quarter last year.

For further information, please contact:

Mary Nicholson Amanda Gilbert

Chief Financial Officer Public Affairs Manager
Tel: +61 2 8232 7455 Tel: +61 2 8232 8647
Email: Mary.Nicholson@macquarie.com Email: Amanda.Gilbert@macquarie.com

MQA ASX Traffic Release – December Quarter 2010