Investor Presentaiton

Security structure Blue Asset Hold Trust 100% Blue Asset Partner Trust 50.4% 5 ADMHC 6 Main Lease External financiers (including AMTN noteholders) Security includes: Security net ERIC Alpha Asset Trust 1 (2/3/4) Each 12.4% Total 49.6% 2 Ausgrid Asset Partnership NAP On-Loan 100% Ausgrid Finance Pty Limited NSW State ERIC Alpha Holdings Pty Limited 100% 4 3 Blue Op Hold Trust 100% ERIC Alpha Operator Trust 1 (2/3/4) ERIC Alpha AUP Trust 1 (2/3/4) Blue Op Partner Trust Blue PES Partner Trust Each 12.4% Each 12.4% 50.4% 50.4% Total 49.6% Total 49.6% NOP On-Loan Ausgrid Operator Partnership 6 Sub-lease 100% 2 PLUS ES Partnership1 1 1 Ausgrid Management Pty Limited PLUS ES Management 1 Pty Limited 100% PLUS ES Management 2 Pty Limited 1 1) General security agreement in respect of all of the assets and undertakings of Ausgrid Finance Pty Limited, Ausgrid Management Pty Ltd, PLUS ES Management 1 Pty Limited and PLUS ES Management 2 Pty Limited General security agreement in respect of all the assets and undertakings of Ausgrid Asset Partnership, the Ausgrid Operator Partnership and the PLUS ES Partnership General security agreements from each partner in the Ausgrid Asset Partnership, the Ausgrid Operator Partnership and the PLUS ES Partnership 2) 3) 4) 5) 6) Specific security agreement over the shares and units in each partner in the Ausgrid Asset Partnership, the Ausgrid Operator Partnership and the PLUS ES Partnership Mortgage of the Network Lease Tripartite deed in respect of the Network Lease (between ADMHC and AAP) and sub-lease (between AAP and AOP) arrangements Note: 1. PLUS ES has another subsidiary - Active Stream Pty Limited that holds legacy metering services and other contracts but is not a guarantor or security provider Ausgrid Together 49 49

View entire presentation