Shareholders in Copenhagen Airports A/S

Shareholder structure (as at 31 December 2010)

Copenhagen Airports Denmark ApS (CAD)	53.7%
NA International S.à.r.l. (NAISA)	3.9%
The Danish State	39.2%
Foreign, Private and Institutional investors	1.8%
Danish, Private and Institutional investors	1.4%

CAD is 50/50 owned by the two funds MAp and Macquarie European Infrastructure Fund III (MEIF3). NAISA is owned by MAp. Consequently MAp owns 30.8% of the shares in CPH via indirect and direct ownership.

MAp consists of three entities: (i) MAp Airports International Limited (MAIL), (ii) MAp Airport Trust1 (MAT1) and (iii) MAp Airports Trust 2 (MAT2). Shares in MAIL, units in MAT1 and units in MAT2 are contractually stapled and listed on the ASX under the ticker “MAP”. Further information about MAp can be found on http://www.mapairports.com.au/.

MAIL and Macquarie European Infrastructure Fund III (MEIF3), which is a UK Limited Partnership, each own 50% of the share capital in Copenhagen Airports S.à.r.l. (CASA), Luxembourg.

CASA, the ultimate parent company of CPH, owns (via subsidiary holding companies) 100% of the share capital in Copenhagen Airports Denmark ApS (CAD). CAD owns 53.73% of the share capital and the votes in CPH.

CASA’s Group Annual Report, where CPH is included as a subsidiary, is available on request from the secretary of CASA, 5 rue Guillaume Kroll, L-1882, Luxembourg, Grand-Duchy of Luxembourg.

MAp and MEIF3 (through their respective subsidiary holding companies) have entered into a shareholders’ agreement according to which the two parties will have to agree on all important decisions. The agreement also define rules for appointment of board members in CPH.

MEIF3 is managed by Macquarie Capital Funds (Europe) Limited, which is an indirect wholly-owned subsidiary of Macquarie Group Limited.

Through NA International S.à.r.l. (NAISA) MAp owns directly 3.9% of the shares in CPH. MAp’s indirect and direct ownership of CPH amounts to 30.8%.

Please find below the present and previous breakdowns

Shareholders 2009

Shareholders 2008

Shareholders 2007