28 January 2008 - PSA INTERNATIONAL & INTERNATIONAL PORT HOLDINGS, A WHOLLY-OWNED SUBSIDIARY OF GLOBAL INFRASTRUCTURE PARTNERS, AND ROMAN GROUP ANNOUNCE A PARTNERSHIP AGREEMENT IN INTERNATIONAL TRADE LOGISTICS, A LEADING ARGENTINE CONTAINER PORT AND LOGISTICS BUSINESS

PSA International, a leading global port operator, and International Port Holdings ('IPH') a wholly-owned subsidiary of Global Infrastructure Partners ('GIP'), and Roman Group announced today that they have formed a joint venture for a strategic alliance to further develop International Trade Logistics ('ITL'), a privately-owned business comprising Argentina’s second-largest container terminal and complementary logistics and warehousing businesses.

Mr Eddie Teh, Group CEO, PSA International, said: 'We have known the Roman Group for many years and have followed ITL’s successful development. We are delighted to expand our presence in the Latin American market with this latest investment and we will work with our partners and the local authorities to develop and grow ITL’s port-related businesses, including Exolgan Container Terminal, and capitalize on Argentina’s expanding trade flows with Latin America and the rest of the world.'

Alistair Baillie, Chairman of International Port Holdings, commented: 'We are very pleased to announce our investment in ITL, which represents another step in the development of IPH, the international ports business of GIP. We welcome the opportunity to work with Alfredo Roman, the founding partner of this exciting business, and with PSA to further the development and optimization of ITL and drive the business to the next stage of its development.'

Alfredo Román points out: 'We believe that it is very important to have attracted PSA, the largest port operator in the world, and IPH to undertake this majority stake investment in ITL. The strengths of these organisations and the long standing commercial relationships between us, creates an excellent position to further develop ITL in this region.'