Brookfield Infrastructure Partners L.P. (the Partnership) was established by Brookfield Asset Management Inc. (Brookfield) as its primary vehicle to own and operate certain infrastructure assets on a global basis. The Partnership, through its related entities, operates 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 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. The Partnership’s sole material asset is its 60% limited partnership interest in Brookfield Infrastructure L.P. (Brookfield Infrastructure).