UPDATE ON ATO AUDIT OF CIF'S TAXATION TREATMENT 8 February 2013, Sydney - Challenger Infrastructure Fund today announced that it has now received notification from the Australian Taxation Office (ATO) that it has completed the audit of CIF's treatment of certain foreign income. As a result, there is no change to CIF's treatment of that foreign income.

The ATO's general taxation enquiries in respect of CIF are ongoing. The Challenger Listed Investments Limited Board (the responsible entity of CIF) is awaiting final confirmation from the ATO in relation to these enquiries before considering the timing of any further distribution and wind up of CIF.
CIF's 31 December 2012 net assets per unit holder was $0.159 per unit.
CIF will continue to update unit holders on material changes by releasing announcements on its website (www.challenger.com/CIF).

ENDS

Further enquiry: Stuart Kingham, Head of Investor Relations, Challenger Limited, 02 9994 7125

Nicole W ebb, Corporate Communications Associate, Challenger Limited, 02 9994 7806

Challenger Infrastructure Fund (CIF Investment Trust 1 ARSN 114 139 703 and CIF Investment Trust 2 ARSN 114 139 632) Responsible Entity Challenger Listed Investments Limited ABN 94 055 293 644 AFSL 236887

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