Auckland International Airport Limited (AIA)

[Toddy]

Nothing as yet according to AIA. Interesting trading has been going on with IFT also. I wonder if they are related.

AIA
19/09/2007
GENERAL

REL: 1005 HRS Auckland International Airport Limited

GENERAL: AIA: Announcement by CPP Investment Board

Auckland International Airport Limited ("Auckland Airport") is aware that CPP
Investment Board ("CPPIB") has made an announcement in respect of its
intentions in relation to Auckland Airport. A copy of the announcement
follows.

No proposal has been received by Auckland Airport from CPPIB. Auckland
Airport will continue to keep shareholders fully informed of developments on
a regular basis.

Should a proposal be received from CPPIB, the directors of Auckland Airport
will consider the proposal and obtain expert advice on its merits before
being in a position to make a recommendation to shareholders. This could
take some time.

ends

For further information, please contact:

Lucy Powell
Head of Communications
Ph: +64 21 995 710

CPP Investment Board's Intentions in Relation to Auckland International
Airport Limited

AUCKLAND, NZ (September 19, 2007) In response to continued speculation and
market activity, the CPP Investment Board today confirmed that it intends to
submit a proposal under which it would acquire a significant minority stake
in Auckland International Airport Limited (AIAL).

Following on from the statement made on September 3, the CPP Investment Board
confirms that it has formulated a framework for an amalgamation that it will
discuss with AIAL at a meeting scheduled for September 20.

The framework for amalgamation formulated by the CPP Investment Board would
provide shareholders with the choice of three options, one of which will be
an all cash option of $3.70 per share. The other two options, which will
provide a value of up to $3.90 per share, would involve a combination of cash
and the issue of new securities that provide enhanced returns
whilst preserving the investment grade rating of AIAL. Each of these three
options could be subject to some scaling, depending on shareholder take-up of
the various options.

The CPP Investment Board also advises that it has received committed
financing in respect of its proposal.

CPP Investment Board

The CPP Investment Board invests the funds not needed by the Canada Pension
Plan to pay current benefits on behalf of 16 million Canadian contributors
and beneficiaries. As at June 30, 2007, the CPP Fund was C$120.5 billion
(NZ$162.5 billion). In order to build a diversified portfolio of CPP assets,
the CPP Investment Board is investing in publicly-traded stocks, private
equities, real estate, inflation-linked bonds, infrastructure and fixed
income.

The CPP Investment Board is accountable to the Canadian Parliament and the
federal and provincial finance ministers.

Based in Toronto, the CPP Investment Board is governed and managed
independently of the Canada Pension Plan and at arm's length from
governments.