REG-Macquarie Korea I F: Record date and estimated 2nd half distribution

MACQUARIE KOREA INFRASTRUCTURE FUND
RECORD DATE AND ESTIMATED 2nd HALF DISTRIBUTION

14 December 2007. Macquarie Korea Infrastructure Fund ("MKIF") today announced
that a distribution record date of 31 December, 2007 ("Record Date") has been
set in accordance with the MKIF Articles of Incorporation to identify holders
of its ordinary shares for the purposes of a planned 2nd half distribution
payment of 2007. The MKIF share register will be closed for 15 days from 1
January 2008 to 15 January 2008 to facilitate identification of MKIF
shareholders as at the Record Date.

In addition, under the Listing Rules of the Korea Exchange ("KRX"), listed
investment companies such as MKIF are required to announce an estimate of the
amount of the proposed 2nd half distribution of 2007. In order to comply with
the requirements of the KRX Listing Rules, MKIF advises that the estimated
amount of the 2nd half distribution of 2007 will be KRW 220 per share,
consistent with the distribution guidance for the 2007 year previously provided
by MKIF. MKIF notes that the amount of the distribution to be declared is
subject to the approval of the MKIF Board of Directors.

MKIF notes further that, in accordance with the KRX Listing Rules applicable to
listed investment companies, the KRX will reset the MKIF share price prior to
the commencement of trading on 27 December 2007 to reflect this estimated 2nd
half distribution amount.

For further information, please contact:

Jason Pak John Larkin

Investor Relations Corporate Communications

Macquarie Korea Macquarie International
Infrastructure Fund Limited Seoul Branch

+ 82 2 3705 8550 + 82 2 3705 8726

Jason.Pak@macquarie.com John.Larkin@macquarie.com

This release is not an offer for sale of the securities of Macquarie Korea
Infrastructure Fund(`MKIF') in the United States or in any jurisdiction where
any offer, sale or solicitation in respect of such securities is not permitted.
Securities may not be offered or sold in the United States absent registration
or an exemption from registration under the U.S. Securities Act of 1933, as
amended, or in any jurisdiction where such offer or sale is not permitted. MKIF
does not intend to register any portion of any contemplated offering in the
United States or to conduct a public offering of securities in the United
States.

Not for distribution in the United States or in any jurisdiction where any
offer, sale or solicitation in respect of the contemplated securities is not
permitted.

This document is only being distributed to and is only directed at (i) persons
who are outside the United Kingdom or (ii) investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other
persons to whom it may lawfully be communicated, falling within Article 49(2)
(a) to (d) of the Order (all such persons together being referred to as
"relevant persons"). Any securities will only be available to, and any
invitation, offer or agreement to subscribe, purchase or otherwise acquire any
securities will be engaged in only with, relevant persons. Any person who is
not a relevant person should not act or rely on this document or any of its
contents.

MKIFor Macquarie Shinhan Infrastructure Asset Management Co., Ltd. is not an
authorised deposit-taking institution for the purposes of the Banking Act 1959
(Commonwealth of Australia). The obligations of this entitydo not represent
deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542
(MBL). MBL does not guarantee or otherwise provide assurance in respect of the
obligations of these entities.

Investments in MKIF are subject to investment risk, including possible delays
in repayment or loss of income and/or capital investment. Neither MKIF, nor any
member of theMacquarie Bank Group, including MSIAM, guarantees the performance
of MKIF, the repayment of capital or the payment of a particular rate of return
on MKIF securities.

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Macquarie Korea Infrastructure Fund

11th Floor Hanwha Bldg Telephone (82 2) 3705 8500
110 Sogong-dong Facsimile (82 2) 3705 8555
Chung-gu, Seoul Internet www.macquarie.com/mkif
100-755 Korea

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