News Release

Macquarie Power Income Fund Declares November 2005 Cash Distribution

TORONTO, November 21, 2005 – Macquarie Power Income Fund (TSX: MPT.UN - the “Fund”) today declared a cash distribution for the month of November 2005 of C$0.07917 per trust unit.

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

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% 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,

For further information, please contact:

Harry Atterton
Chief Financial Officer
Macquarie Power Management Ltd.
Tel: (416) 607-5198

Alex Doughty
Corporate Communications
Macquarie group
Tel: (212) 231-1710