REG - Macquarie Korea I F - Baekyang Tunnel and Soojungsan Tunnel to file... <Origin Href="QuoteRef">088980.KS</Origin>

Macquarie Korea Infrastructure FundAnnouncement

03/03/2016 17:53

RNS Number : 9658K
Macquarie Korea Infrastructure Fund
06 January 2016
6 January 2016
MACQUARIE KOREA INFRASTRUCTURE FUND
BAEKYANG TUNNEL AND SOOJUNGSAN TUNNEL TO FILE LAWSUITS
TO CLAIM OVERDUE PAYMENTS
Baekyang Tunnel Ltd. and Soojungsan Investment Co., Ltd, the concessionaires of Baekyang Tunnel ("BYTL") and Soojungsan Tunnel ("SICL") (together, the "Concessionaires"), respectively, announced today that they have filed lawsuits in Busan District Court in order to claim overdue support payments from Busan Metropolitan City (the "Overdue Payments"). 
The Overdue Payments of KRW 10.5 billion to BYTL is for compensation related to the government imposed toll freeze during fiscal years 2010 through 2014, representing 39% of the total support payment amount incurred during the same period. The Overdue Payments of KRW 3.8 billion to SICL include a minimum revenue support as well as toll freeze compensation, representing 8% of the total support payment amount accumulated for four years during 2011 and 2014.1
BYTL and SICL, 25-year concession toll tunnels, have been in operation since January 2000 and April 2002, respectively. BYTL and SICL represent 0.2% and 5.4% of MKIF's portfolio, respectively, on a committed amount basis.
For further information, please contact:
Jason Pak
Chief Operating Officer 
Macquarie Korea Infrastructure Fund
+ 82 2 3705 8550
Jason.Pak@macquarie.com
Ally An
Investor Relations 
Macquarie Korea Infrastructure Fund
+ 82 2 3705 8565
Ally.An@macquarie.com
This release is not an offer or solicitation for sale of the securities of Macquarie Korea Infrastructure Fund('MKIF') in the United States or in any jurisdiction where any offer, sale or solicitation in respect of such securities is not permitted. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or in any jurisdiction where such offer or sale is not permitted. The securities of MKIF have not been registered under the Securities Act, and may not be offered or sold in the United States absent registration or exemption from registration under the Securities Act. There will be no public offer of the securities in the United States. 
Not for distribution in the United States or in any jurisdiction where any offer, sale or solicitation in respect of the contemplated securities is not permitted.
This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Market Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Any securities will only be available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire any securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
This release does not take into account the investment objectives, financial situation and particular needs of the investor. Before making an investment in MKIF, the investor or prospective investor should consider whether such an investment is appropriate to their particular investment needs, objectives and financial circumstances and consult an investment adviser if necessary. 
MKIF or Macquarie Korea Asset Management Co., Ltd.(MKAM) is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of this entity do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities.
Investments in MKIF are subject to investment risk, including possible delays in repayment or loss of income and/or capital investment. Neither MKIF, nor any member of the Macquarie Group companies, including MKAM, guarantees the performance of MKIF, the repayment of capital or the payment of a particular rate of return on MKIF securities. 

[1]Exclusive of accrued / deferred interests on the original amounts

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