MIP Mistral Pharma

Macquarie Power & Infrastructure Income Fund (TSX:MPT.UN)(TSX:MPT.DB) ("MPT" or
the "Fund") today announced that Michael Smerdon, a Managing Director of
Macquarie Capital Funds Canada Ltd., has been appointed Vice President and Chief
Financial Officer of the Fund effective August 14, 2009. This appointment
follows a decision by Harry Atterton, currently the Fund's Vice President and
Chief Financial Officer, to pursue a new career opportunity. Mr. Atterton will
be supporting a smooth transition to Mr. Smerdon over the coming weeks.


Mr. Smerdon has extensive asset management and investment experience in the
North American infrastructure sector, including roads, transportation, electric
utilities, ports and social infrastructure. Mr. Smerdon has been integral to the
sourcing of new investment opportunities and capital for Macquarie's private
infrastructure investment funds in North America. 


"Michael brings a wealth of management, investment and capital markets expertise
to the Fund as well as strong relationships with leading institutional investors
in North America. We look forward to Michael's leadership as we continue to seek
new opportunities to build value for MPT's unitholders," said Michael Bernstein,
the Fund's President and Chief Executive Officer.


Derek Brown, Chairman of the Fund's Board of Trustees said, "Harry has made a
solid contribution to the Fund's success since 2005. We thank him for his
commitment to the Fund and wish him the very best in the next phase of his
career." 


Biographical Details for Michael Smerdon 

Since joining the Macquarie group in 1998, Michael has managed and overseen the
acquisition and operation of diverse infrastructure assets in Canada and the
United States. 


From 1998 to 2002, Michael served with Macquarie's infrastructure advisory group
where he advised governments and the private sector on a number of
transportation and electricity projects including toll roads, electricity
distribution, aviation services, parking facilities and rail infrastructure.


Most recently, Michael served as a key member of the senior management team of
New York-based Macquarie Infrastructure Partners Inc. ("MIP"), which manages two
infrastructure funds totalling US$5.5 billion of investor capital. His
responsibilities included managing Macquarie's North American port investments
as well as capital raisings for Macquarie Infrastructure Partners II. 


Prior to his role with MIP, Michael was responsible for managing a number of
Macquarie's infrastructure businesses, including the Detroit-Windsor Tunnel,
Atlantic Aviation, Leisureworld and Parking Company of America Airports, among
others, where he directed business planning, financial and operational
reporting, capital structure management, and risk management and governance,
including serving on each business' board of directors.


Michael has likewise played a vital role in the growth of Macquarie's
infrastructure platform in North America, including:


- Macquarie Infrastructure Group's $1.2 billion acquisition of 40% of Cintra
Concesiones de Infraestructuras de Transporte, S.A., the largest shareholder of
407 International Inc., in 2001;


- Macquarie Infrastructure Company's initial public offering and listing on the
New York Stock Exchange in 2004;


- Macquarie Essential Assets Partnership's investment in the Sea to Sky Highway
Improvement Project, a flagship $600 million public-private partnership (P3)
project in British Columbia, in 2005;


- MPT's acquisition of a 45% interest in Leisureworld Senior Care LP in 2005 and
related financing; and


- Macquarie Infrastructure Partners' acquisition of Fraser Surrey Docks, the
Vancouver-based container and breakbulk terminal operator, in 2007.


Michael holds a Bachelor of Commerce degree from the University of British
Columbia and a Master of Business Administration degree from the Richard Ivey
School of Business at the University of Western Ontario. He is also a Chartered
Financial Analyst. 


About the Fund

Macquarie Power & Infrastructure Income Fund invests in essential infrastructure
assets in North America with an emphasis on power infrastructure. MPT's strategy
is to acquire and actively manage a diverse, high quality portfolio of
infrastructure assets to improve their financial performance and provide growing
and sustainable distributions to unitholders. MPT's portfolio includes
investments in gas cogeneration, wind, hydro and biomass power generating
facilities, representing approximately 350 MW of installed capacity, and a 45%
interest in Leisureworld Senior Care LP, a leading provider of long-term care,
or social infrastructure, in Ontario. MPT is managed by a wholly-owned
subsidiary of Macquarie Group Limited. Please visit www.macquarie.com/mpt for
additional information.


Forward-looking Statements

Certain statements in this news release may constitute "forward-looking"
statements, which involve known and unknown risks, uncertainties and other
factors that may cause the actual results to be materially different from any
future results expressed or implied by such forward-looking statements. When
used in the this news release, such statements use such words as "may", "will",
"expect", "believe", "plan" and other similar terminology. Forward-looking
statements involve significant risks and uncertainties, should not be read as
guarantees of future performance or results and will not necessarily be accurate
indications of whether or not such results will be achieved. The forward-looking
statements contained in this news release are based on information currently
available and what the Fund currently believes are reasonable assumptions,
including the material assumptions for each of the Fund's assets set out in the
Fund's 2008 Annual Report under the headings "Outlook" on pages 23 to 24, as
updated in subsequently filed quarterly Financial Reports of the Fund. However,
the Fund cannot assure investors that actual results will be consistent with
these forward-looking statements. These forward-looking statements are made as
of the date of this news release, and, except as required by law, the Fund does
not undertake any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information, future
events or otherwise. The Fund cautions readers not to place undue reliance on
any forward-looking statements contained in this news release. The
forward-looking statements contained in this news release are expressly
qualified by this cautionary statement.


The forward-looking information contained in this news release is presented for
the purposes of assisting investors and analysts in understanding the Fund's
financial position and our stated priorities and objectives may not be
appropriate for other purposes. The Fund cautions readers not to place undue
reliance on any forward-looking statements, which speak only as of the date
made. A number of factors could cause actual results to differ materially from
the results discussed in the forward-looking statements, including, but not
limited to, risks associated with: the operational performance of the Fund's
assets; power purchase agreements; fuel costs, supply and transportation;
default under credit agreements; regulatory regime and permits; land tenure and
related rights; government regulation and funding; the ability to complete
future acquisitions; LTC home ownership and operation; minority ownership
interest in Leisureworld; reliance on key personnel; default under
Leisureworld's long-term debt and credit facility; labour relations and cost;
the variability of distributions; unitholder liability; dependence on Macquarie
Power Management Ltd., the manager of the Fund, and potential conflicts of
interest; insurance; and risks related to the environmental, health and safety
regimes within which the Fund's assets operate. The risks and uncertainties
described above are not exhaustive and other events and risk factors, including
risk factors disclosed in Fund's filings with Canadian securities regulatory
authorities, could cause actual results to differ materially from the results
discussed in the forward-looking statements.


Macquarie Power & Infrastructure Income Fund is not an authorised deposit taking
institution for the purposes of the Banking Act (Cth) 1959 and Macquarie Power &
Infrastructure Income Fund's obligations 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
Macquarie Power & Infrastructure Income Fund.

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