**Macquarie        Infrastructure Company LLC**

| **MACQUARIE                INFRASTRUCTURE COMPANY REPORTS****FULL                YEAR 2006 FINANCIAL RESULTS** |  |
|----------------------------------------------------------------------------------------------------------------|--|

**Increased      Fourth Quarter Distribution of $0.57 Per Share Declared**

**New      York, NY - March 1, 2007**-      Macquarie      Infrastructure Company (NYSE: MIC), a leader in the ownership and operation      of      US infrastructure businesses, reported consolidated revenue and operating income      for 2006 of $520.3 million and $26.1 million, respectively. Revenue increased      70.7 percent and operating income increased 2.9 percent over      2005.

|  | · | **Acquisitions                -**The                Company successfully concluded acquisitions of 100 percent of two                businesses and 50 percent of a third business in 2006. |
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|  | o | A                50 percent interest in the company that owns International-Matex                Tank                Terminals (bulk liquid storage terminal business) in May 2006 for                $257.1                million. |
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|  | o | The                Gas Company (gas production and distribution business) in June 2006,                for                $262.7 million. |
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|  | o | Trajen                Holdings’ portfolio of 23 fixed base operations (addition to the Company’s                airport services business) in July 2006 for $363.1                million. |
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|  | · | **Distribution                Increases -**For                each of the second, third and fourth quarters, the Company’s board of                directors approved an increase in the distribution to shareholders.                For                the second quarter the increase was to $0.525 per share from $0.50,                for                the third quarter the increase was to $0.55 per share from $0.525                and for                the fourth quarter the increase was to $0.57 per share from                $0.55. |
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|  | · | **Capital                Raising -**                In                the fourth quarter of the year, the Company successfully completed                a                public offering of 10.35 million shares of trust stock, including                the                underwriter’s over allotment, at a price of $29.50. The offering generated                net proceeds of $290.9 million the majority of which were used to                repay                indebtedness incurred in connection with the businesses acquired                in 2006.                The Company now has 37.56 million shares outstanding. |
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|  | · | Gross                profit in the Company’s **airport                services business**                was $166.5 million for the year, an increase of 52.6 percent over                2005. |
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|  | o | Gross                profit at comparable locations (excluding acquisitions of EAR in                August                2005 and Trajen in July 2006) increased 11.8                percent. |
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|  | o | EBITDA                increased 57.6 percent to $70.8 million. Excluding the effects of                non-cash                losses related to interest rate hedges, EBITDA would have increased                70.6                percent over 2005. |
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|  | o | Dollar                based margins per gallon of fuel sold and the volume of fuel sold                increased at existing locations. |
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| **AIRPORT                  SERVICES BUSINESS**            |   |                               |      |                               |   |                                     |   |                                 |   |                                 |   |                                           |   |
|-----------------------------------------------------------|--------|------------------------------------|-----------|------------------------------------|--------|------------------------------------------|--------|--------------------------------------|--------|--------------------------------------|--------|------------------------------------------------|--------|
|                                                      |   | **Full                  year2006** |      | **Full                  Year2005** |   | **Year                  onYearGrowth %** |   | **Dec                  Quarter2006** |   | **Dec                  Quarter2005** |   | **Quarter                  onQuarterGrowth %** |   |
| **Revenue                  ($ Millions)**                 |   |                               |      |                               |   |                                     |   |                                 |   |                                 |   |                                           |   |
| Fuel                                                      |   |                               | 225.6     |                               |   | 142.8                                    |   |                                 | 58.0   | %                                    |   | 67.9                                           |   |   | 42.2 |   |   | 61.0 | % |
| Non                  Fuel                                 |   |                               | 87.3      |                               |   | 58.7                                     |   |                                 | 48.7   | %                                    |   | 28.2                                           |   |   | 17.9 |   |   | 58.1 | % |
| **Total                  Revenue**                        |   |                               | **312.9** |                               |   | **201.5**                                |   |                                 | 55.3   | %                                    |   | **96.2**                                       |   |   | **60.0** |   |   | 60.1 | % |
| **EBITDA**                                                |   |                               | **70.8**  |                               |   | **44.9**                                 |   |                                 | 57.6   | %                                    |   | **20.6**                                       |   |   | **12.1** |   |   | 70.9 | % |
| *Reconciliation                  of net income to EBITDA* |   |                               |      |                               |   |                                     |   |                                 |   |                                 |   |                                           |   |   |   |   |   |   |   |
| **Net                  Income**                           |   |                               | **13.5**  |                               |   | **5.8**                                  |   |                                 | 132.6  | %                                    |   | **6.5**                                        |   |   | **(2.2** | **)** |   | NM |   |
| Interest                  Expense, Net                    |   |                               | 25.7      |                               |   | 18.3                                     |   |                                 | 40.1   | %                                    |   | 4.1                                            |   |   | 8.3 |   |   | -51.0 | % |
| Provision                  for income taxes               |   |                               | 6.3       |                               |   | 5.1                                      |   |                                 | 22.8   | %                                    |   | 1.7                                            |   |   | 1.5 |   |   | 11.5 | % |
| Depreciation                  and amortization            |   |                               | 25.3      |                               |   | 15.7                                     |   |                                 | 61.5   | %                                    |   | 8.4                                            |   |   | 4.4 |   |   | 88.8 | % |
| **EBITDA**                                                |   |                               | **70.8**  |                               |   | **44.9**                                 |   |                                 | 57.6   | %                                    |   | **20.6**                                       |   |   | **12.1** |   |   | 70.9 | % |

|  | · | The                Company’s                **bulk                liquid storage terminal business**                paid MIC a fixed dividend distribution of $7.0 million for each of                the                second, third and fourth quarters (MIC acquired its interest in this                business in the second quarter). The dividend payment for the fourth                quarter was accrued at year-end and cash was received on January                25,                2007. |
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|  | o | The                Company expects to receive a fixed dividend of $7.0 million per quarter,                or approximately 10.9 percent annually based on $257.1 million of                equity                invested, through the end of 2008. Beginning with the first quarter                in                2009, the Company expects to receive 50 percent of the cash from                operations, less maintenance and environmental remediation capital                expenditures, generated by this business, subject to satisfaction                of                certain conditions. |
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|  | o | Cash                flow from operations in the bulk liquid storage business increased                29.2                percent to $66.8 million from $51.7 million in                2005. |
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|  | o | Gross                profit and operating income in the bulk liquid storage business for                2006                were $104.4 million and $51.0 million, respectively, representing                increases of 7.8 percent and 14.6 percent over 2005. As a 50 percent                owner                of the business, the Company does not consolidate the financial results                of                the bulk liquid storage terminal business with those of its controlled                businesses. |
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| **BULK                  LIQUID STORAGE TERMINAL BUSINESS** |   |                               |      |                               |   |                                     |   |                                 |   |                                 |   |                                           |   |
|------------------------------------------------------------|--------|------------------------------------|-----------|------------------------------------|--------|------------------------------------------|--------|--------------------------------------|--------|--------------------------------------|--------|------------------------------------------------|--------|
|                                        |   | **Full                  year2006** |      | **Full                  Year2005** |   | **Year                  onYearGrowth %** |   | **Dec                  Quarter2006** |   | **Dec                  Quarter2005** |   | **Quarter                  onQuarterGrowth %** |   |
| **Revenue                  ($ Millions)**                  |   |                               |      |                               |   |                                     |   |                                 |   |                                 |   |                                           |   |
| Terminal                  Revenue                          |   |                               | 193.7     |                               |   | 182.5                                    |   |                                 | 6.1    | %                                    |   | 50.5                                           |   |   | 49.4 |   |   | 2.1 | % |
| Heating                  Revenue                           |   |                               | 17.3      |                               |   | 20.6                                     |   |                                 | -16.2  | %                                    |   | 4.5                                            |   |   | 8.3 |   |   | -45.6 | % |
| Other                  Revenue                             |   |                               | 28.3      |                               |   | 47.5                                     |   |                                 | -40.4  | %                                    |   | 5.6                                            |   |   | 25.3 |   |   | -77.9 | % |
| **Total                  Revenue**                         |   |                               | **239.3** |                               |   | **250.6**                                |   |                                 | -4.5   | %                                    |   | **60.6**                                       |   |   | **83.1** |   |   | -27.1 | % |
| **Operating                  Income**                      |   |                               | **51.0**  |                               |   | **44.5**                                 |   |                                 | 14.6   | %                                    |   | **14.4**                                       |   |   | **17.8** |   |   | -19.5 | % |

|  | · | The                Company’s **gas** **production                and distribution business**                generated combined utility and non-utility contribution margin of                $57.6                million in 2006. |
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|  | o | Utility                revenue increased on slightly higher sales, primarily to a single                commercial customer, while non-utility revenue increased as a result                of                price increases. |
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|  | o | The                contribution margin for the year is net of $5.1 million in customer                rebates and fuel adjustment charges - the Company agreed to the rebates                and the adjustments as a condition of its acquisition of the business.                MIC                has been fully reimbursed for these expenses from escrow accounts                established for that purpose and funded primarily by the seller of                the                business. Adjusting for the reimbursement of the expenses, contribution                margins for the full year would have increased by 5.6 percent over                2005. |
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|  | o | Excluding                the effects of the non-cash losses relating to interest rate hedges                and                non-recurring items, EBITDA would have increased by approximately                7.4                percent over 2005. |
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| **GAS                  PRODUCTION AND DISTRIBUTION BUSINESS**          |   |                               |      |                               |   |                                     |   |                                 |   |                                 |   |                                           |        |
|------------------------------------------------------------------------|--------|------------------------------------|-----------|------------------------------------|--------|------------------------------------------|--------|--------------------------------------|--------|--------------------------------------|--------|------------------------------------------------|-------------|
|                                                         |   | **Full                  year2006** |      | **Full                  Year2005** |   | **Year                  onYearGrowth %** |   | **Dec                  Quarter2006** |   | **Dec                  Quarter2005** |   | **Quarter                  onQuarterGrowth %** |        |
| **Revenue                  ($ Millions)**                              |   |                               |      |                               |   |                                     |   |                                 |   |                                 |   |                                           |        |
| Utility                                                                |   |                               | 93.6      |                               |   | 85.9                                     |   |                                 | 9.0    | %                                    |   | 24.0                                           |        |   | 23.6 |   |   | 2.5 | % |
| Non-utility                                                            |   |                               | 67.3      |                               |   | 61.6                                     |   |                                 | 9.2    | %                                    |   | 16.6                                           |        |   | 15.5 |   |   | 7.1 | % |
| **Total                  Revenue**                                     |   |                               | **160.9** |                               |   | **147.5**                                |   |                                 | 9.1    | %                                    |   | **40.7**                                       |        |   | **39.0** |   |   | 4.3 | % |
| **EBITDA**                                                             |   |                               | **17.3**  |                               |   | **28.1**                                 |   |                                 | -38.2  | %                                    |   | **0.6**                                        |        |   | **6.3** |   |   | -91.1 | % |
| *Reconciliation                  of net income before taxes to EBITDA* |   |                               |      |                               |   |                                     |   |                                 |   |                                 |   |                                           |        |   |   |   |   |   |   |
| **Net                  Income before taxes**                           |   |                               | **2.6**   |                               |   | **18.7**                                 |   |                                 | -86.1  | %                                    |   | **(3.4**                                       | **)**  |   | **3.8** |   |   | -189.0 | % |
| Interest                  expense, net                                 |   |                               | 8.7       |                               |   | 4.1                                      |   |                                 | 110.2  | %                                    |   | 2.3                                            |        |   | 1.2 |   |   | 94.3 | % |
| Depreciation                  and amortization                         |   |                               | 6.1       |                               |   | 5.2                                      |   |                                 | 16.3   | %                                    |   | 1.6                                            |        |   | 1.3 |   |   | 22.6 | % |
| **EBITDA**                                                             |   |                               | **17.3**  |                               |   | **28.1**                                 |   |                                 | -38.2  | %                                    |   | **6.5**                                        |        |   | **6.3** |   |   | -91.1 | % |

|  | · | **District                energy business**gross                profit declined by $44,000, or 0.3 percent in 2006 versus                2005. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------|

|  | o | Gross                profit declined as a result of a slightly cooler summer, and lower                demand                for cooling, relative to 2005. Higher electricity costs from new                power                purchase contracts executed early in the year also reduced gross                profit. |
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|  | o | Declines                in consumption revenue were partially offset by expected increases                in                capacity revenue resulting from inflation-based escalation of                rates. |
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|  | o | EBITDA                declined 4.2 percent year over year as a result of the lower revenue                and                higher selling, general and administrative expenses. The SG&A expenses                increase primarily in connection with activities relating to power                deregulation in Illinois. |
|--|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| **DISTRICT                  ENERGY BUSINESS**             |   |                               |     |                               |   |                                     |   |                                 |   |                                 |   |                                           |   |
|-----------------------------------------------------------|--------|------------------------------------|----------|------------------------------------|--------|------------------------------------------|--------|--------------------------------------|--------|--------------------------------------|--------|------------------------------------------------|--------|
|                                                      |   | **Full                  Year2006** |     | **Full                  Year2005** |   | **Year                  onYearGrowth %** |   | **Dec                  Quarter2006** |   | **Dec                  Quarter2005** |   | **Quarter                  onQuarterGrowth %** |   |
| **Revenue                  ($ Millions)**                 |   |                               |     |                               |   |                                     |   |                                 |   |                                 |   |                                           |   |
| Capacity                                                  |   |                               | 17.4     |                               |   | 16.5                                     |   |                                 | 5.3    | %                                    |   | 4.6                                            |   |   | 4.2 |   |   | 9.5 | % |
| Consumption                                               |   |                               | 17.9     |                               |   | 18.7                                     |   |                                 | -4.4   | %                                    |   | 2.1                                            |   |   | 2.3 |   |   | -10.9 | % |
| Lease                  and Other                          |   |                               | 8.3      |                               |   | 8.2                                      |   |                                 | 1.5    | %                                    |   | 2.1                                            |   |   | 2.2 |   |   | -8.0 | % |
| **Total                  Revenue**                        |   |                               | **43.6** |                               |   | **43.4**                                 |   |                                 | 0.4    | %                                    |   | **8.7**                                        |   |   | **8.7** |   |   | -0.4 | % |
| **EBITDA**                                                |   |                               | **15.4** |                               |   | **16.1**                                 |   |                                 | -4.2   | %                                    |   | **2.9**                                        |   |   | **2.9** |   |   | -0.1 | % |
| *Reconciliation                  of net income to EBITDA* |   |                               |     |                               |   |                                     |   |                                 |   |                                 |   |                                           |   |   |   |   |   |   |   |
| **Net                  Income (Loss)**                    |   |                               | **1.1**  |                               |   | **0.5**                                  |   |                                 | 144.2  | %                                    |   | **0.4**                                        |   |   | **(1.2** | **)** |   | -132.8 | % |
| Interest                  Expense, Net                    |   |                               | 8.3      |                               |   | 8.3                                      |   |                                 | 0.7    | %                                    |   | 2.1                                            |   |   | 2.0 |   |   | 0.0 | % |
| Provision                  (benefit) for income taxes     |   |                               | (1.1     | )                                  |   | 0.3                                      |   |                                 | NM     |                                 |   | (1.3                                           | )      |   | 0.3 |   |   | NM |   |
| Depreciation                                              |   |                               | 5.7      |                               |   | 5.7                                      |   |                                 | 0.3    | %                                    |   | 1.4                                            |   |   | 1.4 |   |   | 0.3 | % |
| Amortization                  of intangibles              |   |                               | 1.4      |                               |   | 1.4                                      |   |                                 | 0.0    | %                                    |   | 0.3                                            |   |   | 0.3 |   |   | 0.0 | % |
| **EBITDA**                                                |   |                               | **15.4** |                               |   | **16.1**                                 |   |                                 | -4.2   | %                                    |   | **2.9**                                        |   |   | **2.9** |   |   | -0.1 | % |

|  | · | Gross                profit at the Company’s **airport                parking business**increased                45.0 percent to $21.4 million in 2006. The increase was driven, in                part,                by the full year contribution from new sites acquired in late                2005. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | o | Revenue                at comparable locations increased 7.2 percent year over year and                gross                profit percentage increased to 27.9 percent from 25.44                percent. |
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|  | o | EBITDA                  increased by 45.3 percent over 2005. Adjusting for unrealized (non-cash)                  loss on interest rate hedges, EBITDA would have increased 52.6                  percent. |
|--|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | o | The                increases reflect the ongoing execution of a strategy to increase                average                revenue per car out and average length of stay - up 10.0 percent                and 3.5                percent, respectively, year over year at comparable                locations. |
|--|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | o | Net                income was reduced by a non-cash impairment charge of $23.5 million                related to the write-down of trade name values as a result of the                re-branding of the business as FastTrack Airport                Parking. |
|--|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **AIRPORT                  PARKING BUSINESS**           |   |                               |      |                               |   |                                     |   |                                 |   |                                 |   |                                           |   |
|---------------------------------------------------------|--------|------------------------------------|-----------|------------------------------------|--------|------------------------------------------|--------|--------------------------------------|--------|--------------------------------------|--------|------------------------------------------------|--------|
|                                                    |   | **Full                  year2006** |      | **Full                  Year2005** |   | **Year                  onYearGrowth %** |   | **Dec                  Quarter2006** |   | **Dec                  Quarter2005** |   | **Quarter                  onQuarterGrowth %** |   |
|                                                    |   |                               |      |                               |   |                                     |   |                                 |   |                                 |   |                                           |   |
| **Revenue                  ($ Millions)**               |   |                               | **76.1**  |                               |   | **59.9**                                 |   |                                 | 27.1   | %                                    |   | **19.1**                                       |   |   | **17.8** |   |   | 7.5 | % |
| **EBITDA**                                              |   |                               | **19.4**  |                               |   | **13.4**                                 |   |                                 | 45.3   | %                                    |   | **4.2**                                        |   |   | **3.9** |   |   | 8.3 | % |
| *Reconciliation                  of net loss to EBITDA* |   |                               |      |                               |   |                                     |   |                                 |   |                                 |   |                                           |   |   |   |   |   |   |   |
| **Net                  Loss**                           |   |                               | **(14.6** | **)**                              |   | **(3.2**                                 | **)**  |                                 | NM     |                                 |   | **(13.5**                                      | **)**  |   | **(2.5** | **)** |   | NM |   |
| Interest                  Expense, Net                  |   |                               | 17.3      |                               |   | 10.3                                     |   |                                 | 67.3   | %                                    |   | 4.2                                            |   |   | 3.6 |   |   | 14.5 | % |
| Income                  tax benefit                     |   |                               | (12.4     | )                                  |   | 0.1                                      |   |                                 | NM     |                                 |   | (11.6                                          | )      |   | 0.1 |   |   | NM |   |
| Depreciation                  and amortization          |   |                               | 29.1      |                               |   | 6.2                                      |   |                                 | NM     |                                 |   | 25.2                                           |   |   | 2.8 |   |   | NM |   |
| **EBITDA**                                              |   |                               | **19.4**  |                               |   | **13.4**                                 |   |                                 | 45.3   | %                                    |   | **4.2**                                        |   |   | **3.9** |   |   | 8.3 | % |

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|  | · | The                Company recorded a net $9.1 million during 2006 as its share of the                earnings of the Yorkshire Link, net of amortization                expense |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | Cash                dividends received for the full year 2006 were approximately $5.2                million |
|--|--------|--------------------------------------------------------------------------------------------------------------|

|  | · | Net                proceeds from the sale of MIC’s interest in Yorkshire Link totaled $83.0                million and the Company recorded a gain on the sale of approximately                $3.4                million |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | Cash                distributions for the full year 2006 totaled approximately $4.6 million                net of withholding taxes |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------|

|  | · | Net                proceeds from the sale of MIC’s investment in MCG totaled $76.4 million                and the Company recorded a gain on the sale of approximately $6.7                million |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | For                the full year 2006 the Company received dividends of approximately                $6.0                million relating to its investment in                SEW |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | Net                proceeds from the sale of MIC’s interest in SEW totaled $89.5 million and                the Company recorded a gain on the sale of $49.9                million |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                           |   | ($                  millions) |     |
|----------------------------------------------------------------|--------|-------------------------------|----------|
| **Cash                  from operations**                      |   | **$**                         | **46.4** |   |
|                                                           |   |                          |     |   |
| **Cash                  from operations adjustments**          |   |                          | **5.3**  |   |
|                                                           |   |                          |     |   |
| **CAD                  from investing activities**             |   |                          | **8.3**  |   |
|                                                           |   |                          |     |   |
| **CAD                  from financing activities**             |   |                          | **0.9**  |   |
|                                                           |   |                          |     |   |
| **Net                  change in working capital**             |   |                          | **10.8** |   |
| **Estimated                  Cash Available for Distribution** |   | **$**                         | **71.7** |   |

**Airport      services business**

**Bulk      liquid storage terminal business**

**Gas      production and distribution business**

**District      energy business**

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**Airport      parking business**

**When:**

**How:**

**Slides:**

**Replay:**

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| Investor                enquiriesJay                A. DavisInvestor                RelationsMacquarie                Infrastructure Company(212)                231-1825 | Media                enquiriesAlex                DoughtyCorporate                CommunicationsMacquarie                Infrastructure Company(212)                231-1710 |
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**MACQUARIE      INFRASTRUCTURE COMPANY TRUST**

|                                                                           |   | **December                  31, 2006**                  |      |  **December                  31, 2005** |   |
|--------------------------------------------------------------------------------|--------|---------------------------------------------------------|-----------|----------------------------------------------|--------|
|                                                                           |   | ($                  in thousands, except share amounts) |      |
| **Assets**                                                                     |   |                                                    |      |                                    |   |
| Current                  assets:                                               |   |                                                    |      |                                    |   |
| Cash                  and cash equivalents                                     |   | $                                                       | 37,388    |                                         | $      | 115,163 |   |
| Restricted                  cash                                               |   |                                                    | 1,216     |                                         |   | 1,332 |   |
| Accounts                  receivable, less allowance for doubtful accounts     |   |                                                    |      |                                         |   |   |   |
| of                  $1,435 and $839, respectively                              |   |                                                    | 56,785    |                                         |   | 21,150 |   |
| Dividends                  receivable                                          |   |                                                    | 7,000     |                                         |   | 2,365 |   |
| Other                  receivables                                             |   |                                                    | 87,973    |                                         |   | - |   |
| Inventories                                                                    |   |                                                    | 12,793    |                                         |   | 1,981 |   |
| Prepaid                  expenses                                              |   |                                                    | 6,887     |                                         |   | 4,701 |   |
| Deferred                  income taxes                                         |   |                                                    | 2,411     |                                         |   | 2,101 |   |
| Income                  tax receivable                                         |   |                                                    | 2,913     |                                         |   | 3,489 |   |
| Other                                                                          |   |                                                    | 15,600    |                                         |   | 4,394 |   |
|                                                                           |   |                                                    |      |                                         |   |   |   |
| Total                  current assets                                          |   |                                                    | 230,966   |                                         |   | 156,676 |   |
|                                                                           |   |                                                    |      |                                         |   |   |   |
| Property,                  equipment, land and leasehold improvements, net     |   |                                                    | 522,759   |                                         |   | 335,119 |   |
|                                                                           |   |                                                    |      |                                         |   |   |   |
| Restricted                  cash                                               |   |                                                    | 23,666    |                                         |   | 19,437 |   |
| Equipment                  lease receivables                                   |   |                                                    | 41,305    |                                         |   | 43,546 |   |
| Investments                  in unconsolidated businesses                      |   |                                                    | 239,632   |                                         |   | 69,358 |   |
| Investment,                  cost                                              |   |                                                    | -         |                                         |   | 35,295 |   |
| Securities,                  available for sale                                |   |                                                    | -         |                                         |   | 68,882 |   |
| Related                  party subordinated loan                               |   |                                                    | -         |                                         |   | 19,866 |   |
| Goodwill                                                                       |   |                                                    | 485,986   |                                         |   | 281,776 |   |
| Intangible                  assets, net                                        |   |                                                    | 526,759   |                                         |   | 299,487 |   |
| Deposits                  and deferred costs on acquisitions                   |   |                                                    | 579       |                                         |   | 14,746 |   |
| Deferred                  financing costs, net of accumulated amortization     |   |                                                    | 20,875    |                                         |   | 12,830 |   |
| Fair                  value of derivative instruments                          |   |                                                    | 2,252     |                                         |   | 4,660 |   |
| Other                                                                          |   |                                                    | 2,754     |                                         |   | 1,620 |   |
|                                                                           |   |                                                    |      |                                         |   |   |   |
| Total                  assets                                                  |   | $                                                       | 2,097,533 |                                         | $      | 1,363,298 |   |
|                                                                           |   |                                                    |      |                                         |   |   |   |
| **Liabilities                  and stockholders’ equity**                |   |                                                    |      |                                         |   |   |   |
| Current                  liabilities:                                          |   |                                                    |      |                                         |   |   |   |
| Due                  to manager                                                |   | $                                                       | 4,284     |                                         | $      | 2,637 |   |
| Accounts                  payable                                              |   |                                                    | 29,819    |                                         |   | 11,535 |   |
| Accrued                  expenses                                              |   |                                                    | 19,780    |                                         |   | 13,994 |   |
| Current                  portion of notes payable and capital leases           |   |                                                    | 4,683     |                                         |   | 2,647 |   |
| Current                  portion of long-term debt                             |   |                                                    | 3,754     |                                         |   | 146 |   |
| Fair                  value of derivative instruments                          |   |                                                    | 3,286     |                                         |   | - |   |
| Other                                                                          |   |                                                    | 6,533     |                                         |   | 3,639 |   |
|                                                                           |   |                                                    |      |                                         |   |   |   |
| Total                  current liabilities                                     |   |                                                    | 72,139    |                                         |   | 34,598 |   |
|                                                                           |   |                                                    |      |                                         |   |   |   |
| Capital                  leases and notes payable, net of current portion      |   |                                                    | 3,135     |                                         |   | 2,864 |   |
| Long-term                  debt, net of current portion                        |   |                                                    | 959,906   |                                         |   | 610,848 |   |
| Related                  party long-term debt                                  |   |                                                    | -         |                                         |   | 18,247 |   |
| Deferred                  income taxes                                         |   |                                                    | 163,923   |                                         |   | 113,794 |   |
| Fair                  value of derivative instruments                          |   |                                                    | 453       |                                         |   | - |   |
| Other                                                                          |   |                                                    | 25,371    |                                         |   | 6,342 |   |
|                                                                           |   |                                                    |      |                                         |   |   |   |
| Total                  liabilities                                             |   |                                                    | 1,224,927 |                                         |   | 786,693 |   |
|                                                                           |   |                                                    |      |                                         |   |   |   |
| Minority                  interests                                            |   |                                                    | 8,181     |                                         |   | 8,940 |   |
|                                                                           |   |                                                    |      |                                         |   |   |   |
| Stockholders’                  equity:                                   |   |                                                    |      |                                         |   |   |   |
| Trust                  stock, no par value; 500,000,000 authorized; 37,562,165 |   |                                                    |      |                                         |   |   |   |
| shares                  issued and outstanding at December 31, 2006 and        |   |                                                    |      |                                         |   |   |   |
| 27,050,745                  shares issued and outstanding at December 31, 2005 |   |                                                    | 864,233   |                                         |   | 583,023 |   |
| Accumulated                  other comprehensive income (loss)                 |   |                                                    | 192       |                                         |   | (12,966 | ) |
| Accumulated                  deficit                                           |   |                                                    | -         |                                         |   | (2,392 | ) |
|                                                                           |   |                                                    |      |                                         |   |   |   |
| Total                  stockholders’ equity                              |   |                                                    | 864,425   |                                         |   | 567,665 |   |
|                                                                           |   |                                                    |      |                                         |   |   |   |
| Total                  liabilities and stockholders’ equity              |   | $                                                       | 2,097,533 |                                         | $      | 1,363,298 |   |

----

**MACQUARIE      INFRASTRUCTURE COMPANY TRUST**

|                                                         |   | **Year                  EndedDecember 31, 2006**                   |       |  **Year                  EndedDecember 31, 2005** |   |  **April                  13, 2004(inception) toDecember 31, 2004** |   |
|--------------------------------------------------------------|--------|--------------------------------------------------------------------|------------|--------------------------------------------------------|--------|--------------------------------------------------------------------------|--------|
|                                                         |   | ($                  in thousands, except share and per share data) |       |
| **Revenues**                                                 |   |                                                               |       |                                              |   |                                                                |   |
| Revenue                  from product sales                  |   | $                                                                  | 313,298    |                                                   | $      | 142,785                                                                  |   | $ | 1,681 |   |
| Service                  revenue                             |   |                                                               | 201,835    |                                                   |   | 156,655                                                                  |   |   | 3,257 |   |
| Financing                  and equipment lease income        |   |                                                               | 5,118      |                                                   |   | 5,303                                                                    |   |   | 126 |   |
|                                                         |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
| Total                  revenue                          |   |                                                               | 520,251    |                                                   |   | 304,743                                                                  |   |   | 5,064 |   |
|                                                         |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
|                                                         |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
| **Costs                  and expenses**                      |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
| Cost                  of product sales                       |   |                                                               | 206,802    |                                                   |   | 84,480                                                                   |   |   | 912 |   |
| Cost                  of services                            |   |                                                               | 92,542     |                                                   |   | 82,160                                                                   |   |   | 1,633 |   |
| Selling,                  general and administrative         |   |                                                               | 120,252    |                                                   |   | 82,636                                                                   |   |   | 7,953 |   |
| Fees                  to manager                             |   |                                                               | 18,631     |                                                   |   | 9,294                                                                    |   |   | 12,360 |   |
| Depreciation                                                 |   |                                                               | 12,102     |                                                   |   | 6,007                                                                    |   |   | 175 |   |
| Amortization                  of intangibles                 |   |                                                               | 43,846     |                                                   |   | 14,815                                                                   |   |   | 281 |   |
|                                                         |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
| Total                  operating expenses               |   |                                                               | 494,175    |                                                   |   | 279,392                                                                  |   |   | 23,314 |   |
|                                                         |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
|                                                         |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
| **Operating                  income (loss)**                 |   |                                                               | 26,076     |                                                   |   | 25,351                                                                   |   |   | (18,250 | ) |
|                                                         |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
| **Other                  income (expense)**                  |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
| Dividend                  income                             |   |                                                               | 8,395      |                                                   |   | 12,361                                                                   |   |   | 1,704 |   |
| Interest                  income                             |   |                                                               | 4,887      |                                                   |   | 4,064                                                                    |   |   | 69 |   |
| Interest                  expense                            |   |                                                               | (77,746    | )                                                      |   | (33,800                                                                  | )      |   | (756 | ) |
| Equity                  in earnings (loss) and amortization  |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
| charges                  of investees                        |   |                                                               | 12,558     |                                                   |   | 3,685                                                                    |   |   | (389 | ) |
| Unrealized                  losses on derivative instruments |   |                                                               | (1,373     | )                                                      |   | -                                                                        |   |   | - |   |
| Gain                  on sale of equity investment           |   |                                                               | 3,412      |                                                   |   | -                                                                        |   |   | - |   |
| Gain                  on sale of investment                  |   |                                                               | 49,933     |                                                   |   | -                                                                        |   |   | - |   |
| Gain                  on sale of marketable securities       |   |                                                               | 6,738      |                                                   |   | -                                                                        |   |   | - |   |
| Other                  income, net                           |   |                                                               | 594        |                                                   |   | 123                                                                      |   |   | 50 |   |
| Net                  income (loss) before income taxes and   |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
| minority                  interests                          |   |                                                               | 33,474     |                                                   |   | 11,784                                                                   |   |   | (17,572 | ) |
| Income                  tax benefit                          |   |                                                               | 16,421     |                                                   |   | 3,615                                                                    |   |   | - |   |
|                                                         |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
| Net                  income (loss) before minority interests |   |                                                               | 49,895     |                                                   |   | 15,399                                                                   |   |   | (17,572 | ) |
|                                                         |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
| Minority                  interests                          |   |                                                               | (23        | )                                                      |   | 203                                                                      |   |   | 16 |   |
|                                                         |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
|                                                         |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
| **Net                  income (loss)**                       |   | $                                                                  | 49,918     |                                                   | $      | 15,196                                                                   |   | $ | (17,588 | ) |
|                                                         |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
|                                                         |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
| Basic                  earnings (loss) per share:            |   | $                                                                  | 1.73       |                                                   | $      | 0.56                                                                     |   | $ | (17.38 | ) |
| Weighted                  average number of shares of trust  |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
| stock                  outstanding: basic                    |   |                                                               | 28,895,522 |                                                   |   | 26,919,608                                                               |   |   | 1,011,887 |   |
| Diluted                  earnings (loss) per share:          |   | $                                                                  | 1.73       |                                                   | $      | 0.56                                                                     |   | $ | (17.38 | ) |
| Weighted                  average number of shares of trust  |   |                                                               |       |                                                   |   |                                                                     |   |   |   |   |
| stock                  outstanding: diluted                  |   |                                                               | 28,912,346 |                                                   |   | 26,929,219                                                               |   |   | 1,011,887 |   |
| Cash                  dividends declared per share           |   | $                                                                  | 2.075      |                                                   | $      | 1.5877                                                                   |   | $ | - |   |

----

**MACQUARIE      INFRASTRUCTURE COMPANY TRUST**

|                                                                                                                |   | **Year                  EndedDecember 31, 2006** |     |  **Year                  EndedDecember 31, 2005** |   |  **April                  13, 2004(inception) toDecember 31, 2004** |   |
|---------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------|----------|--------------------------------------------------------|--------|--------------------------------------------------------------------------|--------|
|                                                                                                                |   | ($                  in thousands)                |     |
| **Operating                  activities**                                                                           |   |                                             |     |                                              |   |                                                                |   |
| Net                  income (loss)                                                                                  |   | $                                                | 49,918   |                                                   | $      | 15,196                                                                   |   | $ | (17,588 | ) |
| Adjustments                  to reconcile net income to net cash provided by operating                  activities: |   |                                             |     |                                                   |   |                                                                     |   |   |   |   |
| Depreciation                  and amortization of property and equipment                                            |   |                                             | 21,366   |                                                   |   | 14,098                                                                   |   |   | 370 |   |
| Amortization                  of intangible assets                                                                  |   |                                             | 43,846   |                                                   |   | 14,815                                                                   |   |   | 281 |   |
| Loss                  on disposal of equipment                                                                      |   |                                             | 140      |                                                   |   | 674                                                                      |   |   | - |   |
| Equity                  in (earnings) loss and amortization charges of investee                                     |   |                                             | (4,293   | )                                                      |   | 1,803                                                                    |   |   | 389 |   |
| Gain                  on sale of unconsolidated business                                                            |   |                                             | (3,412   | )                                                      |   | -                                                                        |   |   | - |   |
| Gain                  on sale of investments                                                                        |   |                                             | (49,933  | )                                                      |   | -                                                                        |   |   | - |   |
| Gain                  on sale of marketable securities                                                              |   |                                             | (6,738   | )                                                      |   | -                                                                        |   |   | - |   |
| Amortization                  of finance charges                                                                    |   |                                             | 6,178    |                                                   |   | 6,290                                                                    |   |   | - |   |
| Noncash                  derivative loss                                                                            |   |                                             | 1,373    |                                                   |   | -                                                                        |   |   | - |   |
| Noncash                  interest expense                                                                           |   |                                             | 4,506    |                                                   |   | (4,166                                                                   | )      |   | - |   |
| Noncash                  performance fees expense                                                                   |   |                                             | 4,134    |                                                   |   | -                                                                        |   |   | - |   |
| Noncash                  directors fees expense                                                                     |   |                                             | 181      |                                                   |   | -                                                                        |   |   | - |   |
| Accretion                  of asset retirement obligation                                                           |   |                                             | 224      |                                                   |   | 222                                                                      |   |   | - |   |
| Deferred                  rent                                                                                      |   |                                             | 2,475    |                                                   |   | 2,308                                                                    |   |   | 80 |   |
| Deferred                  revenue                                                                                   |   |                                             | 109      |                                                   |   | (130                                                                     | )      |   | (62 | ) |
| Deferred                  taxes                                                                                     |   |                                             | (14,725  | )                                                      |   | (5,695                                                                   | )      |   | - |   |
| Minority                  interests                                                                                 |   |                                             | (23      | )                                                      |   | 203                                                                      |   |   | 16 |   |
| Noncash                  compensation                                                                               |   |                                             | 706      |                                                   |   | 209                                                                      |   |   | - |   |
| Post                  retirement obligations                                                                        |   |                                             | 557      |                                                   |   | (116                                                                     | )      |   | - |   |
| Other                  noncash income                                                                               |   |                                             | (80      | )                                                      |   | -                                                                        |   |   | - |   |
| Accrued                  interest expense on subordinated debt – related party                                |   |                                             | 1,087    |                                                   |   | 1,003                                                                    |   |   | 26 |   |
| Accrued                  interest income on subordinated debt – related party                                 |   |                                             | (430     | )                                                      |   | (399                                                                     | )      |   | (50 | ) |
| Changes                  in operating assets and liabilities:                                                       |   |                                             |     |                                                   |   |                                                                     |   |   |   |   |
| Restricted                  cash                                                                                    |   |                                             | 4,216    |                                                   |   | (462                                                                     | )      |   | - |   |
| Accounts                  receivable                                                                                |   |                                             | (5,330   | )                                                      |   | (7,683                                                                   | )      |   | (420 | ) |
| Equipment                  lease receivable, net                                                                    |   |                                             | 1,880    |                                                   |   | 1,677                                                                    |   |   | (121 | ) |
| Dividend                  receivable                                                                                |   |                                             | 2,356    |                                                   |   | (651                                                                     | )      |   | (1,704 | ) |
| Inventories                                                                                                         |   |                                             | 352      |                                                   |   | (178                                                                     | )      |   | 686 |   |
| Prepaid                  expenses and other current assets                                                          |   |                                             | (4,601   | )                                                      |   | (39                                                                      | )      |   | (439 | ) |
| Due                  to subsidiaries                                                                                |   |                                             | -        |                                                   |   | -                                                                        |   |   | 1,398 |   |
| Accounts                  payable and accrued expenses                                                              |   |                                             | (9,954   | )                                                      |   | 1,882                                                                    |   |   | 798 |   |
| Income                  taxes payable                                                                               |   |                                             | (3,213   | )                                                      |   | -                                                                        |   |   | - |   |
| Due                  to manager                                                                                     |   |                                             | 1,647    |                                                   |   | 2,419                                                                    |   |   | 12,306 |   |
| Other                                                                                                               |   |                                             | 1,846    |                                                   |   | 267                                                                      |   |   | (11 | ) |
| Net                  cash provided by (used in) operating activities                                                |   |                                             | 46,365   |                                                   |   | 43,547                                                                   |   |   | (4,045 | ) |
|                                                                                                                |   |                                             |     |                                                   |   |                                                                     |   |   |   |   |
| **Investing                  activities**                                                                           |   |                                             |     |                                                   |   |                                                                     |   |   |   |   |
| Acquisition                  of businesses and investments, net of cash acquired                                    |   |                                             | (845,063 | )                                                      |   | (182,367                                                                 | )      |   | (467,413 | ) |
| Additional                  costs of acquisitions                                                                   |   |                                             | (22      | )                                                      |   | (60                                                                      | )      |   | - |   |
| Deposits                  and deferred costs on future acquisitions                                                 |   |                                             | (279     | )                                                      |   | (14,746                                                                  | )      |   | - |   |
| Goodwill                  adjustment - cash received                                                                |   |                                             | -        |                                                   |   | 694                                                                      |   |   | - |   |
| Proceeds                  from sale of investment                                                                   |   |                                             | 89,519   |                                                   |   | -                                                                        |   |   | - |   |
| Proceeds                  from sale of marketable securities                                                        |   |                                             | 76,737   |                                                   |   | -                                                                        |   |   | - |   |
| Collection                  on notes receivable                                                                     |   |                                             | -        |                                                   |   | 358                                                                      |   |   | - |   |
| Purchases                  of property and equipment                                                                |   |                                             | (18,409  | )                                                      |   | (6,743                                                                   | )      |   | (81 | ) |
| Return                  on investment in unconsolidated business                                                    |   |                                             | 10,471   |                                                   |   |  -                                                                  |   |   | - |   |
| Proceeds                  received on subordinated loan                                                             |   |                                             | 850      |                                                   |   | 914                                                                      |   |   | - |   |
| Other                                                                                                               |   |                                             | -        |                                                   |   | -                                                                        |   |   | 17 |   |
| Net                  cash used in investing activities                                                              |   |                                             | (686,196 | )                                                      |   | (201,950                                                                 | )      |   | (467,477 | ) |

----

| **Financing                  activities**                                        |   |   |     |    |   |    |   |
|----------------------------------------------------------------------------------|--------|--------|----------|--------------|--------|--------------|--------|
| Proceeds                  from issuance of shares of trust stock                 |   |   | 305,325  |         |   | -            |   |   | 665,250 |   |
| Proceeds                  from long-term debt                                    |   |   | 537,000  |         |   | 390,742      |   |   | (1,500 | ) |
| Proceeds                  from line-credit facility                              |   |   | 455,957  |         |   | 850          |   |   | - |   |
| Contributions                  received from minority shareholders               |   |   | -        |         |   | 1,442        |   |   | - |   |
| Distributions                  paid to trust shareholders                        |   |   | (62,004  | )            |   | (42,948      | )      |   | - |   |
| Debt                  financing costs                                            |   |   | (14,217  | )            |   | (11,350      | )      |   | - |   |
| Distributions                  paid to minority shareholders                     |   |   | (736     | )            |   | (1,219       | )      |   | - |   |
| Payment                  of long-term debt                                       |   |   | (638,356 | )            |   | (197,170     | )      |   | - |   |
| Offering                  and equity raise costs                                 |   |   | (14,220  | )            |   | (1,844       | )      |   | (51,985 | ) |
| Restricted                  cash                                            |   |   | (4,228   | )            |   | (2,362       | )      |   | - |   |
| Payment                  of notes and capital lease obligations                  |   |   | (2,193   | )            |   | (1,605       | )      |   | - |   |
| Acquisition                  of swap contract                                    |   |   | -        |         |   | (689         | )      |   | - |   |
| Net                  cash provided by financing activities                       |   |   | 562,328  |         |   | 133,847      |   |   | 611,765 |   |
|                                                                             |   |   |     |         |   |         |   |   |   |   |
| Effect                  of exchange rate changes on cash                         |   |   | (272     | )            |   | (331         | )      |   | (193 | ) |
|                                                                             |   |   |     |         |   |         |   |   |   |   |
| Net                  change in cash and cash equivalents                         |   |   | (77,775  | )            |   | (24,887      | )      |   | 140,050 |   |
|                                                                             |   |   |     |         |   |         |   |   |   |   |
| Cash                  and cash equivalents, beginning of period                  |   |   | 115,163  |         |   | 140,050      |   |   | - |   |
|                                                                             |   |   |     |         |   |         |   |   |   |   |
| Cash                  and cash equivalents, end of period                        |   | $      | 37,388   |         | $      | 115,163      |   | $ | 140,050 |   |
|                                                                             |   |   |     |         |   |         |   |   |   |   |
|                                                                             |   |   |     |         |   |         |   |   |   |   |
| **Supplemental                  disclosures of cash flow information:**          |   |   |     |         |   |         |   |   |   |   |
| Noncash                  investing and financing activities:                     |   |   |     |         |   |         |   |   |   |   |
|                                                                             |   |   |     |         |   |         |   |   |   |   |
| Accrued                  deposits and deferred costs on acquisition, and equity  |   |   |     |         |   |         |   |   |   |   |
| offering                  costs                                                  |   | $      | 3        |         | $      | -            |   | $ | 2,270 |   |
|                                                                             |   |   |     |         |   |         |   |   |   |   |
| Accrued                  purchases of property and equipment                     |   | $      | 1,438    |         | $      | 384          |   | $ | 810 |   |
|                                                                             |   |   |     |         |   |         |   |   |   |   |
| Acquisition                  of property through capital leases                  |   | $      | 2,331    |         | $      | 3,270        |   | $ | - |   |
|                                                                             |   |   |     |         |   |         |   |   |   |   |
| Issuance                  of trust stock to manager for payment of December 2004 |   |   |     |         |   |         |   |   |   |   |
| performance                  fees                                                |   | $      | -        |         | $      | 12,088       |   | $ | - |   |
|                                                                             |   |   |     |         |   |         |   |   |   |   |
| Issuance                  of trust stock to independent directors                |   | $      | 269      |         | $      | 191          |   | $ | - |   |
|                                                                             |   |   |     |         |   |         |   |   |   |   |
| Taxes                  paid                                                      |   | $      | 1,835    |         | $      | 2,610        |   | $ | - |   |
|                                                                             |   |   |     |         |   |         |   |   |   |   |
| Interest                  paid                                                   |   | $      | 65,967   |         | $      | 30,902       |   | $ | 2,056 |   |

----

|                                   |   | **Year                  EndedDecember 31,2006** |    | **Year                  EndedDecember 31,2005** |   | **Change** |   | **April                  13, 2004 (inception) to December 31, 2004** |    |
|----------------------------------------|--------|-------------------------------------------------|---------|-------------------------------------------------|--------|------------|--------|----------------------------------------------------------------------|---------|
|                                   |   |                                            |    |                                            |   | **$**      |   | **%**                                                                |    |   |   |
|                                   |   |                                            |    |                                       |   |       |   |                                                                 |    |    |   |
| Net                  income (loss)     |   | $                                               | 49,918  |                                            | $      | 15,196     |   |                                                                 | 34,722  |   |   | NM |   | $ | (17,588 | ) |
| Interest                  expense, net |   |                                            | 72,859  |                                            |   | 29,736     |   |                                                                 | 43,123  |   |   | 145.0 |   |   | 687 |   |
| Income                  taxes          |   |                                            | (16,421 | )                                               |   | (3,615     | )      |                                                                 | (12,806 | ) |   | NM |   |   | - |   |
| Depreciation                  (1)      |   |                                            | 21,366  |                                            |   | 14,098     |   |                                                                 | 7,268   |   |   | 51.6 |   |   | 370 |   |
| Amortization                  (2)      |   |                                            | 43,846  |                                            |   | 14,815     |   |                                                                 | 29,031  |   |   | 196.0 |   |   | 281 |   |
| EBITDA                                 |   | $                                               | 171,568 |                                            | $      | 70,230     |   |                                                                 | 101,338 |   |   | 144.3 |   | $ | (16,250 | ) |

----

| (1) | Includes                depreciation expense of $3.6 million, $2.4 million and $55,000 for                the                airport parking business for the years ended December 31, 2006, December                31, 2005 and the period December 23, 2004 (our acquisition date)                through                December 31, 2004, respectively. Also includes depreciation expense                of                $5.7 million, $5.7 million and $140,000 for the district energy business                for the years ended December 31, 2006, December 31, 2005 and the                period                December 22, 2004 (our acquisition date) through December 31, 2004,                respectively. We include depreciation expense for the airport parking                business and district energy business within cost of services in                our                consolidated statements of operations. Does not include depreciation                expense in connection with our investment in IMTT of $4.6 million                for the                period May 1, 2006 (our acquisition date) through December 31,                2006. |
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| (2) | Does                not include amortization expense related to intangible assets in                connection with our investment in the toll road business, of $3.9                million,                $3.8 million and $95,000 for the years ended December 31, 2006, December                31, 2005 and the period December 22, 2004 (our acquisition date)                through                December 31, 2004, respectively. Also does not include amortization                expense related to intangible assets in connection with our investment                in                IMTT of $756,000 for the period May 1, 2006 (our acquisition date)                through                December 31, 2006. Included in amortization expense for the year                ended                December 31, 2006 is a $23.5 million impairment charge relating to                trade                names and domain names at our airport parking                business. |
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