-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MjBg1swySnutr2XoVOxJ43q+fy+M+I68CEoT7+ruOwXUKwBEvulnPs2AWjstaH6N
 8wd6EynoI8cWyHaG+pOWtQ==

<SEC-DOCUMENT>0000909518-09-000567.txt : 20090917
<SEC-HEADER>0000909518-09-000567.hdr.sgml : 20090917
<ACCEPTANCE-DATETIME>20090916213331
ACCESSION NUMBER:		0000909518-09-000567
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090901
FILED AS OF DATE:		20090917
DATE AS OF CHANGE:		20090916

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Brookfield Infrastructure Partners L.P.
		CENTRAL INDEX KEY:			0001406234
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33632
		FILM NUMBER:		091073359

	BUSINESS ADDRESS:	
		STREET 1:		7 REID STREET
		STREET 2:		4TH FLOOR
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM11
		BUSINESS PHONE:		441 296-4480

	MAIL ADDRESS:	
		STREET 1:		7 REID STREET
		STREET 2:		4TH FLOOR
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM11
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>mm09-1709_6k.htm
<TEXT>
<html>
    <head>
        <title>Form 6-K</title>
    </head>

    <body bgcolor="white">
        <h5 align="left"><a href="#toc">Table of Contents</a></h5>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 0px; BORDER-BOTTOM: #000000 0.5pt solid">&nbsp;</p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px; LINE-HEIGHT: 3px; BORDER-BOTTOM: #000000 0.5pt solid">&nbsp;</p>

        <p style="MARGIN-TOP: 3px; MARGIN-BOTTOM: 0px" align="center"><font face="Times New Roman" size="5"><b>UNITED STATES</b> </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font face="Times New Roman" size="5"><b>SECURITIES AND EXCHANGE COMMISSION</b> </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font face="Times New Roman" size="3"><b>Washington, D.C. 20549</b> </font></p>

        <p style="MARGIN-TOP: 0px; FONT-SIZE: 12px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <center>
            <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px; WIDTH: 21%; LINE-HEIGHT: 6px; BORDER-BOTTOM: #000000 1pt solid"></p>
        </center>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px" align="center"><font face="Times New Roman" size="5"><b>FORM&nbsp;6-K</b> </font></p>

        <p style="MARGIN-TOP: 0px; FONT-SIZE: 12px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <center>
            <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px; WIDTH: 21%; LINE-HEIGHT: 6px; BORDER-BOTTOM: #000000 1pt solid"></p>
        </center>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px" align="center"><font face="Times New Roman" size="3"><b>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO</b> </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font face="Times New Roman" size="3"><b>RULE 13a-16 OR 15d-16</b> </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font face="Times New Roman" size="3"><b>UNDER THE SECURITIES EXCHANGE ACT OF 1934</b> </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px" align="center"><font face="Times New Roman" size="2"><b>For the date of September 17, 2009</b> </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font face="Times New Roman" size="2"><b>Commission File Number: 001-33632</b> </font></p>

        <p style="MARGIN-TOP: 0px; FONT-SIZE: 12px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <center>
            <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px; WIDTH: 21%; LINE-HEIGHT: 6px; BORDER-BOTTOM: #000000 1pt solid"></p>
        </center>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px" align="center"><font face="Times New Roman" size="5"><b>BROOKFIELD INFRASTRUCTURE PARTNERS L.P.</b> </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font face="Times New Roman" size="1"><b>(Exact name of registrant as specified in its charter)</b> </font></p>

        <p style="MARGIN-TOP: 0px; FONT-SIZE: 12px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <center>
            <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px; WIDTH: 21%; LINE-HEIGHT: 6px; BORDER-BOTTOM: #000000 1pt solid"></p>
        </center>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px" align="center"><font face="Times New Roman" size="2"><b>7 Reid Street</b> </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; PADDING-BOTTOM: 3px" align="center"><font face="Times New Roman" size="2"><b>4<font face="Times New Roman" size="1"><sup style="VERTICAL-ALIGN: baseline; BOTTOM: 0.8ex; POSITION: relative">th</sup></font> <font face="Times New Roman" size="2">Floor </font></b></font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font face="Times New Roman" size="2"><b>Hamilton, HM 11, Bermuda</b> </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font face="Times New Roman" size="1"><b>(Address of principal executive office)</b> </font></p>

        <p style="MARGIN-TOP: 0px; FONT-SIZE: 12px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <center>
            <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px; WIDTH: 21%; LINE-HEIGHT: 6px; BORDER-BOTTOM: #000000 1pt solid"></p>
        </center>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">Form&nbsp;20-F&nbsp;&nbsp;<font face="WINGDINGS">&thorn;</font>&nbsp;&nbsp;&nbsp;&nbsp;Form&nbsp;40-F&nbsp;&nbsp;<font face="WINGDINGS">&uml;</font> </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation&nbsp;S-T Rule&nbsp;101(b)(1):&nbsp;&nbsp;<font face="WINGDINGS">&uml;</font> </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b>Note</b>: Regulation&nbsp;S-T Rule&nbsp;101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders. </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation&nbsp;S-T Rule&nbsp;101(b)(7):&nbsp;&nbsp;<font face="WINGDINGS">&uml;</font> </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b>Note:</b> Regulation&nbsp;S-T Rule&nbsp;101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant&rsquo;s &ldquo;home country&rdquo;), or under the rules
        of the home country exchange on which the registrant&rsquo;s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant&rsquo;s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule&nbsp;12g3-2(b) under the Securities Exchange Act of 1934.&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;<font face="WINGDINGS">&uml;</font>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<font face="WINGDINGS">&thorn;</font> </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">If &ldquo;Yes&rdquo; is marked, indicate below the file number assigned to the registrant in connection with Rule&nbsp;12g3-2(b): 82-<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> . </font></p>

        <p style="MARGIN-TOP: 0px; FONT-SIZE: 6px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; LINE-HEIGHT: 3px; BORDER-BOTTOM: #000000 0.5pt solid">&nbsp;</p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px; LINE-HEIGHT: 3px; BORDER-BOTTOM: #000000 0.5pt solid">&nbsp;</p>

        <p style="PAGE-BREAK-BEFORE: always"></p>
        <hr align="center" width="100%" color="#999999" size="3">

        <h5 align="left"><a href="#toc">Table of Contents</a></h5>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">The following documents which are attached as an exhibit hereto, are incorporated by reference herein: </font></p>

        <p style="MARGIN-TOP: 0px; FONT-SIZE: 12px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
            <tr>
                <td>
                </td>

                <td valign="bottom" width="3%">
                </td>

                <td width="94%">
                </td>
            </tr>

            <tr>
                <td valign="bottom" nowrap align="center">
                    <p style="WIDTH: 25pt; BORDER-BOTTOM: #000000 1px solid" align="center"><font face="Times New Roman" size="1"><b>Exhibit</b></font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap>
                    <p style="WIDTH: 15pt; BORDER-BOTTOM: #000000 1px solid"><font face="Times New Roman" size="1"><b>Title</b></font></p>
                </td>
            </tr>

            <tr>
                <td valign="top" nowrap><font face="Times New Roman" size="2">99.1</font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="top"><font face="Times New Roman" size="2">Brookfield Infrastructure Partners L.P.&rsquo;s interim report for the quarter ended June 30, 2009.</font></td>
            </tr>
        </table>

        <p style="PAGE-BREAK-BEFORE: always"></p>
        <hr align="center" width="100%" color="#999999" size="3">

        <h5 align="left"><a href="#toc">Table of Contents</a></h5>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b>BROOKFIELD INFRASTRUCTURE PARTNERS L.P.</b> </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b>UNAUDITED INTERIM CONDENSED FINANCIAL STATEMENTS</b> </font></p>

        <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">AS OF JUNE 30, 2009 (U.S. DOLLARS IN MILLIONS) </font></p>

        <p style="MARGIN-TOP: 24px; MARGIN-BOTTOM: 0px" align="center"><font face="Times New Roman" size="2"><b><a name="toc"></a>INDEX</b> </font></p>

        <p style="MARGIN-TOP: 0px; FONT-SIZE: 12px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
            <tr>
                <td width="96%">
                </td>

                <td valign="bottom" width="4%">
                </td>

                <td>
                </td>
            </tr>

            <tr>
                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center"><font face="Times New Roman" size="1"><b>Page</b></font></td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><a href="#tx68655_1"><font face="Times New Roman" size="2">Unaudited Interim Condensed Balance Sheets of Brookfield Infrastructure Partners L.P.</font></a></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">2</font></td>
            </tr>

            <tr>
                <td height="8">
                </td>

                <td colspan="2" height="8">
                </td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><a href="#tx68655_2"><font face="Times New Roman" size="2">Unaudited Interim Condensed Statements of Operations of Brookfield Infrastructure Partners L.P.</font></a></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">3</font></td>
            </tr>

            <tr>
                <td height="8">
                </td>

                <td colspan="2" height="8">
                </td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><a href="#tx68655_3"><font face="Times New Roman" size="2">Unaudited Interim Condensed Statements of Other Comprehensive Income (Loss) of Brookfield Infrastructure Partners L.P.</font></a></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">4</font></td>
            </tr>

            <tr>
                <td height="8">
                </td>

                <td colspan="2" height="8">
                </td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><a href="#tx68655_4"><font face="Times New Roman" size="2">Unaudited Interim Condensed Statements of Accumulated Other Comprehensive (Loss) Income of Brookfield Infrastructure Partners L.P.</font></a></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">4</font></td>
            </tr>

            <tr>
                <td height="8">
                </td>

                <td colspan="2" height="8">
                </td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><a href="#tx68655_5"><font face="Times New Roman" size="2">Unaudited Interim Condensed Statements of Partnership Capital of Brookfield Infrastructure Partners L.P.</font></a></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">4</font></td>
            </tr>

            <tr>
                <td height="8">
                </td>

                <td colspan="2" height="8">
                </td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><a href="#tx68655_6"><font face="Times New Roman" size="2">Unaudited Interim Condensed Statements of Cash Flows of Brookfield Infrastructure Partners L.P.</font></a></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">5</font></td>
            </tr>

            <tr>
                <td height="8">
                </td>

                <td colspan="2" height="8">
                </td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><a href="#tx68655_7"><font face="Times New Roman" size="2">Notes to Interim Unaudited Financial Statements of Brookfield Infrastructure Partners L.P.</font></a></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">6</font></td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">Brookfield Infrastructure Partners L.P. (the &ldquo;Partnership&rdquo;) was established by Brookfield Asset Management Inc. (&ldquo;Brookfield&rdquo;) as its primary vehicle to own and operate certain infrastructure assets on a global basis. The Partnership, through its related entities, operates high quality, long-life assets that generate stable cash flows, require relatively minimal maintenance
        capital expenditures and, by virtue of barriers to entry and other characteristics, tend to appreciate in value over time. Its current business consists of the ownership and operation of premier electricity transmission systems, timberlands and social infrastructure in North and South America, the United Kingdom and Australia and it seeks acquisition opportunities in other infrastructure sectors with similar attributes. </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">The Partnership&rsquo;s sole material asset is its 59% limited partnership interest in Brookfield Infrastructure L.P. (&ldquo;Brookfield Infrastructure&rdquo;), which is accounted for using the equity method. As a result, we believe the financial statements of Brookfield Infrastructure are more relevant than the Partnership&rsquo;s because they present the financial position and results of the
        Partnership underlying operations in greater detail. Brookfield and its affiliates own the remaining 41% of Brookfield Infrastructure, which through a redemption exchange mechanism can be converted into an equivalent interest in the Partnership. </font></p>

        <p style="PAGE-BREAK-BEFORE: always"></p>
        <hr align="center" width="100%" color="#999999" size="3">

        <h5 align="left"><a href="#toc">Table of Contents</a></h5>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b><a name="tx68655_1"></a>BROOKFIELD INFRASTRUCTURE PARTNERS L.P.</b> </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><i>As of June&nbsp;30, 2009 and December&nbsp;31, 2008</i> </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b>BALANCE SHEETS</b> </font></p>

        <p style="MARGIN-TOP: 0px; FONT-SIZE: 12px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
            <tr>
                <td width="78%">
                </td>

                <td valign="bottom" width="7%">
                </td>

                <td>
                </td>

                <td>
                </td>

                <td>
                </td>

                <td valign="bottom" width="7%">
                </td>

                <td>
                </td>

                <td>
                </td>
            </tr>

            <tr>
                <td valign="bottom" nowrap>
                    <p style="WIDTH: 55pt; BORDER-BOTTOM: #000000 1px solid"><font face="Times New Roman" size="1"><b><i>US$ MILLIONS</i></b></font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>June&nbsp;30,&nbsp;2009</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>December&nbsp;31,&nbsp;2008</b></font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Assets</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 3em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Equity accounted investment <i>(Note 3)</i></font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>547.7</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">546.5</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Total assets</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>547.7</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">546.5</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Liabilities and partnership capital</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 3em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Accumulated other comprehensive (loss) income</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(5.8</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">8.6</font></td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 3em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Partnership capital <i>(Note 4)</i></font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>553.5</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">537.9</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Total liabilities and partnership capital</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>547.7</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">546.5</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><i>The accompanying notes are an integral part of these financial statements.</i> </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px; LINE-HEIGHT: 0px; BORDER-BOTTOM: #000000 0.5pt solid">&nbsp;</p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">2&nbsp;&nbsp;&nbsp;&nbsp;<b>Brookfield</b> Infrastructure Partners </font></p>

        <p style="PAGE-BREAK-BEFORE: always"></p>
        <hr align="center" width="100%" color="#999999" size="3">

        <h5 align="left"><a href="#toc">Table of Contents</a></h5>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b><a name="tx68655_2"></a>BROOKFIELD INFRASTRUCTURE PARTNERS L.P.</b> </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><i>For the periods ended June&nbsp;30, 2009 and June&nbsp;30, 2008</i> </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b>STATEMENTS OF OPERATIONS</b> </font></p>

        <p style="MARGIN-TOP: 0px; FONT-SIZE: 12px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
            <tr>
                <td width="64%">
                </td>

                <td valign="bottom" width="6%">
                </td>

                <td>
                </td>

                <td>
                </td>

                <td valign="bottom" width="6%">
                </td>

                <td>
                </td>

                <td>
                </td>

                <td valign="bottom" width="6%">
                </td>

                <td>
                </td>

                <td>
                </td>

                <td valign="bottom" width="6%">
                </td>

                <td>
                </td>

                <td>
                </td>
            </tr>

            <tr>
                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap align="center" colspan="5"><font face="Times New Roman" size="1"><b>For&nbsp;the&nbsp;three&nbsp;months&nbsp;ended&nbsp;June&nbsp;30</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap align="center" colspan="5"><font face="Times New Roman" size="1"><b>For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30</b></font></td>
            </tr>

            <tr>
                <td valign="bottom" nowrap>
                    <p style="WIDTH: 192pt; BORDER-BOTTOM: #000000 1px solid"><font face="Times New Roman" size="1"><b><i>US$ MILLIONS (EXCEPT PER UNIT INFORMATION)</i></b></font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap align="center" colspan="2"><font face="Times New Roman" size="1"><b>2009</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap align="center" colspan="2"><font face="Times New Roman" size="1"><b>2008</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap align="center" colspan="2"><font face="Times New Roman" size="1"><b>2009</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap align="center" colspan="2"><font face="Times New Roman" size="1"><b>2008</b></font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Earnings from equity accounted investment</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" nowrap align="right"><font face="Times New Roman" size="2"><b>40.7</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" nowrap align="right"><font face="Times New Roman" size="2">1.4</font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" nowrap align="right"><font face="Times New Roman" size="2"><b>35.3</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" nowrap align="right"><font face="Times New Roman" size="2">4.7</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Net income</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" nowrap align="right"><font face="Times New Roman" size="2"><b>40.7</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" nowrap align="right"><font face="Times New Roman" size="2">1.4</font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" nowrap align="right"><font face="Times New Roman" size="2"><b>35.3</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" nowrap align="right"><font face="Times New Roman" size="2">4.7</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Earnings per unit</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 3em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Basic and diluted</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" nowrap align="right"><font face="Times New Roman" size="2"><b>1.79</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" nowrap align="right"><font face="Times New Roman" size="2">0.06</font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" nowrap align="right"><font face="Times New Roman" size="2"><b>1.55</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" nowrap align="right"><font face="Times New Roman" size="2">0.21</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><i>The accompanying notes are an integral part of these financial statements.</i> </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px; LINE-HEIGHT: 0px; BORDER-BOTTOM: #000000 0.5pt solid">&nbsp;</p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px" align="right"><font face="Times New Roman" size="2"><b>Brookfield</b> Infrastructure Partners&nbsp;&nbsp;&nbsp;&nbsp;3 </font></p>

        <p style="PAGE-BREAK-BEFORE: always"></p>
        <hr align="center" width="100%" color="#999999" size="3">

        <h5 align="left"><a href="#toc">Table of Contents</a></h5>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b><a name="tx68655_3"></a>BROOKFIELD INFRASTRUCTURE PARTNERS L.P.</b> </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><i>For the periods ended June&nbsp;30, 2009 and June&nbsp;30, 2008</i> </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b>STATEMENTS OF OTHER COMPREHENSIVE INCOME (LOSS)</b> </font></p>

        <p style="MARGIN-TOP: 0px; FONT-SIZE: 12px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
            <tr>
                <td width="48%">
                </td>

                <td valign="bottom" width="9%">
                </td>

                <td>
                </td>

                <td>
                </td>

                <td>
                </td>

                <td valign="bottom" width="9%">
                </td>

                <td>
                </td>

                <td>
                </td>

                <td>
                </td>

                <td valign="bottom" width="9%">
                </td>

                <td>
                </td>

                <td>
                </td>

                <td>
                </td>

                <td valign="bottom" width="9%">
                </td>

                <td>
                </td>

                <td>
                </td>

                <td>
                </td>
            </tr>

            <tr>
                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="6"><font face="Times New Roman" size="1"><b>For&nbsp;the&nbsp;three&nbsp;months&nbsp;ended&nbsp;June&nbsp;30</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="6"><font face="Times New Roman" size="1"><b>For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="bottom" nowrap>
                    <p style="WIDTH: 55pt; BORDER-BOTTOM: #000000 1px solid"><font face="Times New Roman" size="1"><b><i>US$ MILLIONS</i></b></font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>2009</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>2008</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>2009</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>2008</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Net income</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>40.7</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">1.4</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>35.3</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">4.7</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Other comprehensive income (loss)</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 3em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Foreign currency translation gain (loss)</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>17.8</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(26.4</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>21.2</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(17.4</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 3em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Net loss on related hedging items</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(37.5</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">&mdash;&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(35.6</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(2.9</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Other comprehensive (loss)</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(19.7</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(26.4</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(14.4</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(20.3</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Comprehensive income (loss)</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>21.0</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(25.0</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>20.9</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(15.6</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>
            </tr>

            <tr>
                <td colspan="17" height="16">
                </td>
            </tr>

            <tr>
                <td valign="top" colspan="16"><font face="Times New Roman" size="2"><b><a name="tx68655_4"></a>STATEMENTS OF ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME</b></font></td>

                <td valign="top"><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>
            </tr>

            <tr>
                <td height="16">
                </td>

                <td colspan="8" height="16">
                </td>

                <td colspan="8" height="16">
                </td>
            </tr>

            <tr>
                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="6"><font face="Times New Roman" size="1"><b>For&nbsp;the&nbsp;three&nbsp;months&nbsp;ended&nbsp;June&nbsp;30</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="6"><font face="Times New Roman" size="1"><b>For&nbsp;the&nbsp;six&nbsp;months ended June&nbsp;30</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="bottom" nowrap>
                    <p style="WIDTH: 55pt; BORDER-BOTTOM: #000000 1px solid"><font face="Times New Roman" size="1"><b><i>US$ MILLIONS</i></b></font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>2009</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>2008</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>2009</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>2008</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Accumulated other comprehensive income, opening</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>13.9</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">7.4</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>8.6</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">1.3</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Other comprehensive (loss)</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(19.7</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(26.4</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(14.4</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(20.3</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Accumulated other comprehensive (loss), closing</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(5.8</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(19.0</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(5.8</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(19.0</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>
            </tr>

            <tr>
                <td colspan="17" height="16">
                </td>
            </tr>

            <tr>
                <td valign="top" colspan="16"><font face="Times New Roman" size="2"><b><a name="tx68655_5"></a>STATEMENTS OF PARTNERSHIP CAPITAL</b></font></td>

                <td valign="top"><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>
            </tr>

            <tr>
                <td height="16">
                </td>

                <td colspan="8" height="16">
                </td>

                <td colspan="8" height="16">
                </td>
            </tr>

            <tr>
                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="6"><font face="Times New Roman" size="1"><b>For&nbsp;the&nbsp;three&nbsp;months ended June&nbsp;30</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="6"><font face="Times New Roman" size="1"><b>For the&nbsp;six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="bottom" nowrap>
                    <p style="WIDTH: 55pt; BORDER-BOTTOM: #000000 1px solid"><font face="Times New Roman" size="1"><b><i>US$ MILLIONS</i></b></font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>2009</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>2008</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>2009</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>2008</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Partnership capital, opening</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>518.8</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">544.8</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>537.9</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">543.4</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Repurchase of units during the period</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>&mdash;&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">&mdash;&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(7.6</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">&mdash;&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Distributions to unitholders</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(6.0</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(6.1</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(12.1</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(8.1</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Net income for the period</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>40.7</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">1.3</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>35.3</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">4.7</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Partnership capital, closing</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>553.5</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">540.0</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>553.5</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">540.0</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><i>The accompanying notes are an integral part of these financial statements.</i> </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px; LINE-HEIGHT: 0px; BORDER-BOTTOM: #000000 0.5pt solid">&nbsp;</p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">4&nbsp;&nbsp;&nbsp;&nbsp;<b>Brookfield</b> Infrastructure Partners </font></p>

        <p style="PAGE-BREAK-BEFORE: always"></p>
        <hr align="center" width="100%" color="#999999" size="3">

        <h5 align="left"><a href="#toc">Table of Contents</a></h5>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b><a name="tx68655_6"></a>BROOKFIELD INFRASTRUCTURE PARTNERS L.P.</b> </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><i>For the periods ended June&nbsp;30, 2009 and June&nbsp;30, 2008</i> </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b>STATEMENTS OF CASH FLOWS</b> </font></p>

        <p style="MARGIN-TOP: 0px; FONT-SIZE: 12px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
            <tr>
                <td width="62%">
                </td>

                <td valign="bottom" width="7%">
                </td>

                <td>
                </td>

                <td>
                </td>

                <td>
                </td>

                <td valign="bottom" width="7%">
                </td>

                <td>
                </td>

                <td>
                </td>

                <td>
                </td>

                <td valign="bottom" width="7%">
                </td>

                <td>
                </td>

                <td>
                </td>

                <td>
                </td>

                <td valign="bottom" width="7%">
                </td>

                <td>
                </td>

                <td>
                </td>

                <td>
                </td>
            </tr>

            <tr>
                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="6"><font face="Times New Roman" size="1"><b>For&nbsp;the&nbsp;three&nbsp;months&nbsp;ended&nbsp;June&nbsp;30</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="6"><font face="Times New Roman" size="1"><b>For&nbsp;the&nbsp;six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="bottom" nowrap>
                    <p style="WIDTH: 55pt; BORDER-BOTTOM: #000000 1px solid"><font face="Times New Roman" size="1"><b><i>US$ MILLIONS</i></b></font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>2009</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>2008</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>2009</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>2008</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2"><b>Operating activities</b></font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 3em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Net income</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>40.7</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">1.4</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>35.3</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">4.7</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 3em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Distributions from equity accounted investment</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>6.0</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">6.1</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>19.7</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">8.1</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 3em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Adjustments for non-cash items:</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 5em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Earnings from equity accounted investment</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(40.7</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(1.4</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(35.3</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(4.7</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Cash from operating activities</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>6.0</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">6.1</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>19.7</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">8.1</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>
            </tr>

            <tr>
                <td height="8">
                </td>

                <td colspan="4" height="8">
                </td>

                <td colspan="4" height="8">
                </td>

                <td colspan="4" height="8">
                </td>

                <td colspan="4" height="8">
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2"><b>Financing activities</b></font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 3em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Distributions to unitholders</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(6.0</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(6.1</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(12.1</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(8.1</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 3em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Repurchase of units during the period</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>&mdash;&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">&mdash;&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(7.6</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">&mdash;&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Cash used in financing activities</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(6.0</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(6.1</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(19.7</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">(8.1</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">)&nbsp;</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>
            </tr>

            <tr>
                <td height="8">
                </td>

                <td colspan="4" height="8">
                </td>

                <td colspan="4" height="8">
                </td>

                <td colspan="4" height="8">
                </td>

                <td colspan="4" height="8">
                </td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Cash and equivalents</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>

                <td valign="bottom">
                </td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 3em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Change during the period</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>&mdash;&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">&mdash;&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>&mdash;&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">&mdash;&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 3em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Balance, beginning of period</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>&mdash;&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">&mdash;&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>&mdash;&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">&nbsp;</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">&mdash;&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Balance, end of period</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>&mdash;&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">&mdash;&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>&mdash;&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">&mdash;&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><i>The accompanying notes are an integral part of these financial statements.</i> </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px; LINE-HEIGHT: 0px; BORDER-BOTTOM: #000000 0.5pt solid">&nbsp;</p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px" align="right"><font face="Times New Roman" size="2"><b>Brookfield</b> Infrastructure Partners&nbsp;&nbsp;&nbsp;&nbsp;5 </font></p>

        <p style="PAGE-BREAK-BEFORE: always"></p>
        <hr align="center" width="100%" color="#999999" size="3">

        <h5 align="left"><a href="#toc">Table of Contents</a></h5>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b><a name="tx68655_7"></a>BROOKFIELD INFRASTRUCTURE PARTNERS L.P.</b> </font></p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><i>For the periods ended June&nbsp;30, 2009 and June&nbsp;30, 2008</i> </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b>NOTES TO FINANCIAL STATEMENTS</b> </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b>1. ORGANIZATION AND DESCRIPTION OF THE BUSINESS</b> </font></p>

        <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">Brookfield Infrastructure Partners L.P. (the &ldquo;Partnership&rdquo; or &ldquo;BIP&rdquo;) was formed as a limited partnership established under the laws of Bermuda, pursuant to a limited partnership agreement dated May&nbsp;21, 2007 as amended and restated. BIP holds a 59% interest in Brookfield Infrastructure L.P. (&ldquo;Brookfield Infrastructure&rdquo;), a partnership that has interests in
        electricity transmission, timber and social infrastructure operations in North and South America, United Kingdom and Australia. Effective January&nbsp;31, 2008, BIP&rsquo;s limited partnership units have traded under the symbol &ldquo;BIP&rdquo; on the NYSE. </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">Because BIP does not hold a controlling interest in Brookfield Infrastructure and because of the Financial Accounting Standards Board (&ldquo;FASB&rdquo;) Interpretation No.&nbsp;46, (Revised December 2003), Consolidation of Variable Interest Entities (&ldquo;FIN&rdquo;) 46 (R), BIP does not consolidate the results of operations, assets or liabilities of Brookfield Infrastructure. The consolidated
        financial statements of Brookfield Infrastructure should be read in conjunction with BIP&rsquo;s financial statements. </font></p>

        <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b>2. BASIS OF PRESENTATION</b> </font></p>

        <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">The unaudited interim condensed consolidated financial statements of BIP have been prepared in accordance with accounting principles generally accepted in the United States (&ldquo;U.S. GAAP&rdquo;) and the rules and regulations of the U.S. Securities and Exchange Commission (the &ldquo;SEC&rdquo;), for the preparation of interim financial information. They do not include all information and notes
        required by U.S. GAAP in the preparation of annual consolidated financial statements. The accounting policies used in the preparation of the unaudited interim condensed consolidated financial statements are the same as those described in BIP&rsquo;s audited consolidated financial statements prepared in accordance with U.S. GAAP for the year ended December 31, 2008. We evaluate events and transactions that occur after the balance sheet date as potential subsequent events. We performed
        this evaluation through September 16, 2009, the date on which we issued our financial statements. </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">BIP believes all adjustments necessary for a fair presentation of the results for the periods presented have been made and all such adjustments were of a normal recurring nature. The financial results for the three months ended June 30, 2009 are not necessarily indicative of financial results for the full year. The unaudited condensed financial statements should be read in conjunction with BIP&rsquo;s
        financial statements contained in BIP&rsquo;s Annual Report on Form 20-F for the year ended December 31, 2008, filed with the SEC. </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">All figures are presented in millions of United States dollars unless otherwise noted. </font></p>

        <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b>3. EQUITY ACCOUNTED INVESTMENTS</b> </font></p>

        <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">The Partnership&rsquo;s net investment in equity accounted entities includes the following: </font></p>

        <p style="MARGIN-TOP: 0px; FONT-SIZE: 12px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
            <tr>
                <td width="70%">
                </td>

                <td valign="bottom" width="7%">
                </td>

                <td>
                </td>

                <td>
                </td>

                <td valign="bottom" width="7%">
                </td>

                <td>
                </td>

                <td>
                </td>

                <td valign="bottom" width="7%">
                </td>

                <td>
                </td>

                <td>
                </td>
            </tr>

            <tr>
                <td valign="bottom" nowrap>
                    <p style="WIDTH: 55pt; BORDER-BOTTOM: #000000 1px solid"><font face="Times New Roman" size="1"><b><i>US$ MILLIONS</i></b></font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center"><font face="Times New Roman" size="1"><b>Ownership&nbsp;%</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>June&nbsp;30,&nbsp;2009</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>December&nbsp;31,&nbsp;2008</b></font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Brookfield Infrastructure L.P.</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom" align="right" colspan="1"><font face="Times New Roman" size="2">59</font></td>

                <td valign="bottom" nowrap colspan="1"><font face="Times New Roman" size="2">%&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>547.7</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">$</font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2">546.5</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2"><b>4. PARTNERSHIP CAPITAL</b> </font></p>

        <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">During the six month period ended June 30, 2009, the number of issued and outstanding Partnership units has changed as follows: </font></p>

        <p style="MARGIN-TOP: 0px; FONT-SIZE: 12px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
            <tr>
                <td width="82%">
                </td>

                <td valign="bottom" width="3%">
                </td>

                <td>
                </td>

                <td>
                </td>

                <td>
                </td>

                <td valign="bottom" width="3%">
                </td>

                <td>
                </td>

                <td>
                </td>
            </tr>

            <tr>
                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="5"><font face="Times New Roman" size="1"><b>2009</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="bottom" nowrap>
                    <p style="WIDTH: 193pt; BORDER-BOTTOM: #000000 1px solid"><font face="Times New Roman" size="1"><b><i>US$ MILLIONS (EXCEPT FOR UNIT INFORMATION)</i></b></font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center" colspan="2"><font face="Times New Roman" size="1"><b>Book&nbsp;Value</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center"><font face="Times New Roman" size="1"><b>Units</b></font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Outstanding at beginning of period</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>537.9</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom" align="right" colspan="1"><font face="Times New Roman" size="2">23,160,269</font></td>

                <td valign="bottom" nowrap colspan="1"><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Repurchase of units during the period</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(7.6</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom" align="right" colspan="1"><font face="Times New Roman" size="2">(674,000</font></td>

                <td valign="bottom" nowrap colspan="1"><font face="Times New Roman" size="2">)&nbsp;</font></td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Distributions to unitholders</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>(12.1</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>)&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom" align="right" colspan="1"><font face="Times New Roman" size="2">&mdash;&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap colspan="1"><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
            </tr>

            <tr>
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Net income for the period</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>&nbsp;</b> </font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>35.3</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom" align="right" colspan="1"><font face="Times New Roman" size="2">&mdash;&nbsp;&nbsp;</font></td>

                <td valign="bottom" nowrap colspan="1"><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 1px solid" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>
            </tr>

            <tr bgcolor="#cceeff">
                <td valign="top">
                    <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font face="Times New Roman" size="2">Outstanding at end of period</font></p>
                </td>

                <td valign="bottom"><font size="1">&nbsp;&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2"><b>$</b></font></td>

                <td valign="bottom" align="right"><font face="Times New Roman" size="2"><b>553.5</b></font></td>

                <td valign="bottom" nowrap><font face="Times New Roman" size="2"><b>&nbsp;&nbsp;</b> </font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom" align="right" colspan="1"><font face="Times New Roman" size="2">22,486,269</font></td>

                <td valign="bottom" nowrap colspan="1"><font face="Times New Roman" size="2">&nbsp;&nbsp;</font></td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                </td>

                <td valign="bottom">&nbsp;&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>

                <td valign="bottom">&nbsp;</td>

                <td style="BORDER-TOP: #000000 3px double" valign="bottom">&nbsp;</td>

                <td>&nbsp;</td>
            </tr>
        </table>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px; LINE-HEIGHT: 0px; BORDER-BOTTOM: #000000 0.5pt solid">&nbsp;</p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">6&nbsp;&nbsp;&nbsp;&nbsp;<b>Brookfield</b> Infrastructure Partners </font></p>

        <p style="PAGE-BREAK-BEFORE: always"></p>
        <hr align="center" width="100%" color="#999999" size="3">

        <h5 align="left"><a href="#toc">Table of Contents</a></h5>

        <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align="center"><font face="Times New Roman" size="2"><b>SIGNATURES</b> </font></p>

        <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </font></p>

        <p style="MARGIN-TOP: 0px; FONT-SIZE: 12px; MARGIN-BOTTOM: 0px">&nbsp;</p>

        <table cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr>
                <td width="42%">
                </td>

                <td valign="bottom" width="1%">
                </td>

                <td width="9%">
                </td>

                <td valign="bottom" width="1%">
                </td>

                <td width="4%">
                </td>

                <td valign="bottom" width="1%">
                </td>

                <td width="42%">
                </td>
            </tr>

            <tr>
                <td valign="top">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom" colspan="3"><font face="Times New Roman" size="2"><b>BROOKFIELD INFRASTRUCTURE PARTNERS L.P.</b></font></td>
            </tr>

            <tr>
                <td valign="top">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="top">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom" colspan="3">
                    <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font face="Times New Roman" size="2">by its general partner, BROOKFIELD</font></p>

                    <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 1px"><font face="Times New Roman" size="2">INFRASTRUCTURE PARTNERS LIMITED</font></p>
                </td>
            </tr>

            <tr>
                <td height="16">
                </td>

                <td colspan="2" height="16">
                </td>

                <td colspan="2" height="16">
                </td>

                <td colspan="2" height="16">
                </td>
            </tr>

            <tr>
                <td valign="top"><font face="Times New Roman" size="2">Dated: September 17, 2009</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="top">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="top"><font face="Times New Roman" size="2">By:</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom">
                    <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 1px; BORDER-BOTTOM: #000000 1px solid"><font face="Times New Roman" size="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;Greg Morrison</font></p>
                </td>
            </tr>

            <tr>
                <td valign="top">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="top">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">Name:</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">Greg Morrison</font></td>
            </tr>

            <tr>
                <td valign="top">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="top">
                </td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">Title:</font></td>

                <td valign="bottom"><font size="1">&nbsp;</font></td>

                <td valign="bottom"><font face="Times New Roman" size="2">Vice President</font></td>
            </tr>
        </table>
    </body>
</html>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
