Top 10 Holdings at 31 July 2010

% of Gross Assets

1

Malaysia Airports Holdings Berhad (Malaysia)

10.9%

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Airports Operator

2

Ocean Wilsons Holdings Limited (Brazil)

8.3%

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Ports operator and provider of shipping services

3

International Container Terminal Services Inc (Philippines)

6.9%

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Water and sewerage

4

Eastern Water Resources Development & Management PCL (Thailand)

5.0%

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Water Supply

5

Puncak Niaga Holdings Berhad (Malaysia)

4.6%

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Water treatment and distribution

6

AES Tiete SA (Brazil)

4.5%

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Electricity generator

7

Companhia de Saneamento de Minas Gerais (COPASA) (Brazil)

4.0%

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Water and Sewerage

8

Companhia de Concessoes Rodoviarias (CCR) (Brazil)

3.6%

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Toll Roads

9

Sichuan Expressway (China)

2.6%

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Toll road operator

10

My E.G. Services Bhd (Malaysia)

2.4%

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Electronic Payment Services