Distributions

Distributions

All outstanding TICkETS were redeemed for cash on 31 December 2009. The final TICkETS distribution and redemption proceeds were paid on 31 December 2009.

Distributions on TICkETS were paid by MAREST from distributions derived from MAp’s portfolio of airports.

Holders of TICkETS were entitled to a cumulative, semi-annual, preferred distribution of 6.475% per annum until 1 January 2010, whereafter certain terms of TICkETS may be varied.

The Distribution Entitlement Date fell on 30 June and 31 December each year and payment was made on or around 18 August and 18 February respectively except in the case of the distribution for the six months to 31 December 2009 which was paid on 31 December 2009.

Latest distributions

MIT Notice

December 2009 distribution and redemption



This is a proforma notice using 1 unit as a basis. For example if you held 10,000 securities your fund payment for the distribution paid on 31 December 2009 is $52,600.00 [10,000 x $5.2600].

This is a proforma notice using 1 unit as a basis. For example if you held 10,000 securities your fund payment for the distribution paid on 31 December 2009 is $52,600.00 [10,000 x $5.2600].

Notice from managed investment trust re "fund payment"

MAp Airports Limited (MAPL), the trustee of MAREST, considers that the trust is a managed investment trust

1 in relation to its income year ended 30 June 2010, and gives the following notice2 to relevant recipients of a distribution paymentof $108.5241 per unit paid on 31 December 2009:

1. the fund payment, being the part of the payment from which an amount would have been required to be withheld under Subdivision 12-H of Schedule 1 to the Taxation Administration Act 1953 if the payment had been made to an entity covered by section 12-410 of that Schedule, is $5.2600 per unit;


2. the fund payment was not worked out by reference to any discount capital gain;


3. the fund payment the subject of this notice relates to the income year of MAREST ended on 30 June 2010.

MAPL also notes that, where the payment of $108.5241 per unit is being made by it direct to a foreign resident, MAPL is treating the other (non-fund payment) parts of the payment as follows:

1 for the purposes of section 12-395 of Schedule 1 to the Taxation Administration Act 1953, as relevant for MAREST


2 for the purposes of section 12-415 of Schedule 1 to the Taxation Administration Act 1953, as relevant for MAREST

June 2009 distribution

Note for custodians and other intermediaries: all of the distribution paid by MAREST on 19 August 2009 consists of Australian sourced interest income, which when paid to a non-resident of Australia for tax purposes is subject to interest withholding tax at 10%. None of the distribution paid on 19 August 2009 is a fund payment and MAREST is therefore not a Managed Investment Trust for the purposes of Subdivision 12-H of Schedule 1 to the Taxation Administration Act 1953.

December 2008 distribution

Note for custodians and other intermediaries: all of the distribution paid by MAREST on 19 February 2009 consists of Australian sourced interest income, which when paid to a non-resident of Australia for tax purposes is subject to interest withholding tax at 10%. None of the distribution paid on 19 February 2009 is a fund payment and MAREST is therefore not a Managed Investment Trust for the purposes of Subdivision 12-H of Schedule 1 to the Taxation Administration Act 1953.

June 2008 distribution

Note for custodians and other intermediaries: all of the distribution paid by MAREST on 19 August 2008 consists of Australian sourced interest income, which when paid to a non-resident of Australia for tax purposes is subject to interest withholding tax at 10%. None of the distribution paid on 19 August 2008 is a fund payment and MAREST is therefore not a Managed Investment Trust for the purposes of Subdivision 12-H of Schedule 1 to the Taxation Administration Act 1953.