16 November 2011

NCIG Investment Restructured

On 31 August 2011, EIT and DIT’s investments in NCIG Series A and B Hunter Infrastructure Preference Securities (‘SHIPS’) were converted into Hunter Infrastructure Perpetual Redeemable Securities (‘HIPRS’) as part of the overall funding for the third (Stage 2F) expansion of NCIG’s Coal Export Terminal.

The commercial terms of the HIPRS are in all essential respects identical to SHIPS. Stage 2F will increase capacity from 53Mtpa to 66Mtpa by approximately September 2013.