Media Release
23 April 2014 TRANSURBAN ANNOUNCES ACQUISITION OF QUEENSLAND MOTORWAYS Transurban-led consortium to acquire Queensland Motorways for $7.057 billion, inclusive of stamp duty and excluding transaction costs
Extends Transurban's weighted average concession life adding long-term value to the portfolio
Established urban toll road network with capacity for growth in attractive Queensland market
Acquisition of Queensland Motorways
Transurban Group (ASX: TCL) announces that a Transurban-led consortium with equity interests 62.5% Transurban, 25% AustralianSuper and 12.5% Tawreed, a wholly-owned subsidiary of the Abu Dhabi Investment Authority, has reached agreement to acquire Queensland Motorways for $7.057 billion, inclusive of stamp duty and excluding transaction costs. Transurban will operate the network on behalf of the owners.
Transurban Chief Executive Officer Scott Charlton said Queensland Motorways is a "high-quality
established portfolio of assets, and the acquisition is consistent with the Group's stated corporate objectives of continuing to grow distributions for security holders and enhancing the Group's existing portfolio of prime assets".
"Clearly this is a portfolio of attractive assets with all the characteristics of our existing networks in Sydney and Melbourne, and the attractive demographics of the Queensland market," Mr Charlton said.
"As an operator we have a unique ability to integrate and unlock value from our networks utilising our core
capabilities.
"Today's acquisition represents the culmination of detailed analysis that began last year, and we are
delighted with the outcome."
Further details of the Queensland Motorways acquisition and related Transurban financials will be released to the ASX tomorrow morning (AEST), 24 April 2014.
Transurban anticipates being able to announce further details in connection with the acquisition and an associated entitlement offer tomorrow. Transurban will make an application to the ASX for a trading halt before market open to accommodate the launch of the offer.
General Manager, Communications, Media and Investor Relations
0438 564 245
Classification Transurban GroupTransurban International Limited
ABN 90 121 746 825
Transurban Holdings Limited
ABN 86 098 143 429
Transurban Holding Trust
ABN 30 169 362 255
ARSN 098 807 419 corporate@transurban.com
www.transurban.com
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