Brookfield Infrastructure Responds to Asciano Announcement

HAMILTON, BERMUDA--(Marketwired - June 30, 2015) - Brookfield Infrastructure (NYSE:BIP)(TSX:BIP.UN) has been advised of the announcement made by Asciano Limited today (Australian time) disclosing its receipt of a proposal by and on behalf of Brookfield Infrastructure and its institutional partners. Brookfield Infrastructure notes that the indicative proposal is non-binding and conditional and that exclusive discussions with Asciano in furtherance of a potential transaction are ongoing. There can be no assurance that a transaction will be completed or of the final terms thereof. Brookfield Infrastructure does not intend to provide further updates in relation to the proposal until appropriate.

Brookfield Infrastructure operates high quality, long-life 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 current business consists of the ownership and operation of premier utilities, transport, energy and communications infrastructure assets in North and South America, Australia, and Europe. It also seeks acquisition opportunities in other infrastructure sectors with similar attributes. The payout policy targets 5% to 9% annual growth in distributions. Units trade on the New York and Toronto Stock Exchanges under the symbols BIP and BIP.UN, respectively. For more information, please visit Brookfield Infrastructure's website at www.brookfieldinfrastructure.com.

Note: This news release contains forward-looking information within the meaning of Canadian provincial securities laws and "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. The words "will", "tend to", "target" "future", "growth", "expect", "believe", "goal", "plan", "potential", derivatives thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify the above mentioned and other forward-looking statements. Forward-looking statements in this news release include statements regarding the non-binding and conditional proposal made to Asciano Limited, the likelihood of successfully completing the transaction referred to in this news release, statements with respect to our assets tending to appreciate in value over time, the future performance of acquired businesses and growth initiatives, and the level of distribution growth over the next several years. Although Brookfield Infrastructure believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward looking statements or information in this news release. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties.