News Release

Macquarie Power Income Fund Declares December 2005 Cash Distribution

TORONTO, December 20, 2005 – Macquarie Power Income Fund (TSX: MPT.UN - the “Fund”) today declared a cash distribution for the month of December 2005 of C$0.07917 per trust unit.

The distribution will be paid on January 31, 2006 to unitholders of record at the close of trading on December 30, 2005. A distribution of C$0.07917 per unit will also be paid on January 31, 2006 to holders of Class B Exchangeable Units of MPT LTC Holding LP, an indirect subsidiary entity of the Fund, of record on December 30, 2005.

Earlier this month, the Fund announced an increase to its monthly cash distributions of more than 5% from $0.07917 to $0.08333 per unit, the equivalent of $1.00 per unit on an annualized basis. The distribution increase will apply to unitholders of record on January 31, 2006.

About Macquarie Power Income Fund
Macquarie Power Income Fund is an unincorporated limited purpose trust which owns a 156 MW gas-fired cogeneration power station located in Cardinal, Ontario and a 45% equity interest in Ontario long-term care provider Leisureworld. The Fund’s units are listed on the Toronto Stock Exchange under the symbol MPT.UN. The Fund is managed by Macquarie Power Management Ltd., a wholly-owned subsidiary of Macquarie Bank Limited and a member of the Macquarie group.

More information on Macquarie Power Income Fund can be found at the Fund’s website, www.macquarie.com/mpt.

For further information, please contact:

Investor Enquiries
Harry Atterton
Chief Financial Officer
Macquarie Power Management Ltd.
Tel: (416) 607 5198
Email: harry.atterton@macquarie.com

Media Enquiries
Suzanne Mercer
Public Affairs and Communications
Macquarie North America Ltd.
Tel: (416) 607 5042
Email: suzanne.mercer@macquarie.com

Macquarie Power & Infrastructure Income Fund is not an authorised deposit taking institution for the purposes of the Banking Act (Cth) 1959 and Macquarie Power & Infrastructure Income Fund’s obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of Macquarie Power & Infrastructure Income Fund.