Keybridge Capital Limited

Media Releases

Preliminary Announcement of Proposed Equity Raising
7 May 2007

Mariner Bridge Investments has today been granted a trading halt for the purposes of conducting an equity raising. The equity raising, which has been foreshadowed by the Company, is planned to raise approximately $128 million.

The Company is undertaking a placement which will comprise an institutional placement for 15% of the shares on issue and a further conditional placement for 7.5% of the shares on issue. The pricing for the institutional placement will be determined by a bookbuild conducted by UBS. The conditional placement is subject to shareholder approval, which is anticipated to occur on 12 June 2007.

Upon completion of the bookbuild, the Company intends to proceed with a rights issue to shareholders, which is anticipated to be a 2 for 7 non-renounceable rights issue. The rights issue would be underwritten by UBS and CommSec. Macquarie Equities would be a co-manager. There will be an offer of oversubscriptions to eligible shareholders in Australia and NZ. Full details of the offer will be set out in a prospectus which is expected to be lodged with ASIC on or around 9 May 2007. The ex date for the rights issue would be Friday 11 May 2007.

The Company will make a formal announcement of the final structure and terms of the equity raising once the bookbuild process has been completed, which it anticipates will occur before commencement of trading on Wednesday 9 May 2007.

Mariner Bridge Investments is a lender to and an investor in structured finance transactions in the core asset classes of property, fixed income, leasing and infrastructure. Its objective is to build a diversified portfolio of investments that delivers high returns to shareholders.

For further information, please contact:

Mark Phillips
Managing Director
Mariner Bridge Investments Limited
Tel: 61 2 8001 5705
Karen McGregor
Chief Financial Officer
Mariner Bridge Investments Limited
Tel: 61 2 8001 5700