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RREEF Pan-European Infrastructure Fund

RREEF Pan-European Infrastructure Fund L.P. : Advised the Jersey general partner of this fund, RREEF Infrastructure (G.P.) Limited in relation to two closings of the fund. The fund, which is established in England and Wales and qualifies as a Jersey expert fund, invests in established private companies and assets active in the European infrastructure sector, including transport infrastructure, utilities, social infrastructure and specialist sectors. The fund is seeking to raise €1,500,000,000 in commitments and as at the second closing has raised approximately $1,000,000,000. It is anticipated that the final closing of the fund will be held in the first quarter of 2007.

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