Profile: Brookfield Infrastructure Partners L.P. (BIP)

Brookfield Infrastructure Partners L.P. (the Partnership) was established by Brookfield Asset Management Inc. (Brookfield) as its primary vehicle to own and operate certain infrastructure assets on a global basis. The Partnership, through its related entities, operates assets that generate stable cash flows, require relatively minimal maintenance capital expenditures and, by virtue of barriers to entry and other characteristics, tend to appreciate in value over time. Its business consists of the ownership and operation of premier electricity transmission systems, timberlands and social infrastructure in North and South America, the United Kingdom and Australia, and it seeks acquisition opportunities in other infrastructure sectors with similar attributes. The Partnership’s sole material asset is its 60% limited partnership interest in Brookfield Infrastructure L.P. (Brookfield Infrastructure).

On March 12, 2008, Brookfield Infrastructure acquired 100% of the transmission division of Great Lakes Power Limited from Brookfield. On April 4, 2008, Brookfield Infrastructure acquired an additional 7.1% interest in Transelec, bringing its ownership interest to 17.8%. On December 5, 2008, Brookfield Infrastructure completed the acquisition of Brookfield Multiplex’s interest in two social infrastructure Public Private Partnerships (PPP)—the Peterborough Hospital in the United Kingdom and the Long Bay Forensic and Prison Hospitals in Australia.

Electricity Transmission

The Company’s operations include interests in electricity transmission assets held directly and through consortiums in Chile, Brazil and Canada. It includes a 17.8% interest in Transelec, which owns approximately 8,200 kilometers of transmission lines in Chile that serve 98% of the population of the country, which include 100% of Chile’s 500 kilovolt transmission lines, and approximately 45% and 95% of the 200 kilovolt and 154 kilovolt lines in Chile, respectively. It includes an ownership of 7% to 18% interests in a group of five related transmission investments comprising over 2,100 kilometers of transmission lines in Brazil, with one transmission line located in the south and the remaining four lines located in the northeast. Four of the lines are rated 500 kilovolt or higher and one line is rated at 230 kilovolt. The Company has a 100% interest in Great Lakes Power Transmission L.P., which owns approximately 550 kilometers of 44 kilovolt to 230 kilovolt transmission lines in Canada.

Timber

The Company’s operations also include interests in timberlands held in partnership with Brookfield and other consortium members in the coastal region of British Columbia, Canada and the Pacific Northwest region of the United States. It includes a 37.5% interest in Island Timberlands which owns approximately 634,000 acres of freehold timberlands located on Vancouver Island with a merchantable inventory of 58 million cubic meters primarily comprised of Douglas-fir, Hemlock and Cedar with a long-run sustainable yield of 1.8 million cubic meters, and approximately 33,163 acres of higher and better use properties (HBU) lands. It also includes a 30% interest in Longview, which owns approximately 655,000 acres of freehold timberlands in Oregon and Washington with an estimated merchantable inventory of 42.1 million cubic meters, comprised of Douglas-fir and Hemlock with a sustainable yield of 2.6 million cubic meters.

Social Infrastructure

Social infrastructure includes assets, such as hospitals, convention centers, court houses, schools and police stations. The assets include a 50% interest in Long Bay Forensic and Prison Hospitals located in Sydney, Australia comprised of a 135-bed forensic hospital, 85-bed prison hospital and administration building. It also includes a 30% interest in Peterborough Hospital located in Peterborough, United Kingdom comprised of a 612-bed acute hospital, 102- bed mental health unit and an integrated care center. The social infrastructure include a 50% interest in Royal Melbourne Showgrounds located in Melbourne, Australia consisting of a special purpose exhibition facility on a 19 ha site comprising office complexes, open air arenas and large scale tension structures.