MARKET RELEASE

OFFICE OF FAIR TRADING CLEARS BROOKFIELD'S ACQUISITION OF INEXUS 26 October 2012, Sydney - Challenger Infrastructure Fund (ASX:CIF) today announced that Brookfield has received notification from the UK Office of Fair Trading (OFT) that it has decided not to refer Brookfield's acquisition of Inexus Group Limited (Inexus) to the Competition Commission. Accordingly, Brookfield's proposed recapitalisation of Inexus is no longer subject to regulatory approval.

This decision by the OFT was an important precondition to Brookfield's planned recapitalisation and refinancing of Inexus. Brookfield is currently in discussions with its banking syndicate to progress its refinancing plans however its proposed refinancing of Inexus is still incomplete and consequently CIF's entitlement to the contingent payment is still uncertain.

ENDS


Further enquiry: Chantal Travers, Senior Manager, Investor Relations, Challenger Limited, 02 9994 7560

Nicole Webb, Corporate Communications Associate, Challenger Limited, 02 9994 7806

Challenger Infrastructure Fund (CIF Investment Trust 1 ARSN 114 139 703 and CIF Investment Trust 2 ARSN 114 139 632) Responsible Entity Challenger Listed Investments Limited ABN 94 055 293 644 AFSL 236887

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