Investor Presentaiton

SPARK INFRASTRUCTURE Overview Australian based specialist infrastructure fund with a portfolio of high quality regulated electricity distribution businesses Listed on the ASX in December 2005 with a current market capitalisation of around AUD$2.2 billion Objective is to invest in regulated electricity and gas distribution or transmission assets, or water and sewerage assets in established regulatory jurisdictions (with Australia being a focus in the short term), that offer predictable earnings and reliable cashflows Currently holds a 49% interest in SA Power Networks (formerly known as ETSA Utilities), CitiPower and Powercor (Victoria Power Networks). The remaining 51% is held by Cheung Kong Infrastructure and Power Assets Holdings (both Hong Kong companies). The total Regulated Asset Base ("RAB") of the Asset Companies was around $8.3 billion at 30 June 2013 (Spark Infrastructure's share is 49% - $4.1 billion). Stapled security Stapled security consists of Spark Trust Loan Notes and Spark Trust Units holders Loan notes: $0.65 per unit @ 10.85% > Spark Trust Spark Holdings 1 Spark Holdings 2 Spark Holdings 3 Spark Victoria 49% Victoria Power Networks Spark SA 49% SA Power Networks sparkinfrastructure SPARK INFRASTRUCTURE - INVESTOR PRESENTATION - NOVEMBER 2013 4

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