IMTT Enters Into Agreement to Acquire Epic Midstream

• Acquisition of 3.1 million barrels of liquid storage capacity
• Increases IMTT’s jet fuel storage and handling capabilities
• Expands markets served to Port of Savannah

NEW ORLEANS–(BUSINESS WIRE)–International-Matex Tank Terminals (IMTT) announced that it has entered
into an agreement to acquire Epic Midstream (Epic) from affiliates of
White Deer Energy and Blue Water Energy. The transaction values Epic at
$171.5 million, not including working capital adjustments, and is
expected to close in the third quarter of 2017, subject to customary
regulatory approvals, and satisfaction of other conditions precedent.

“The addition of Epic adds an exciting new dimension to IMTT,” said
Richard Courtney, chief executive officer of IMTT. “Together with a
greatly expanded product line – jet fuel – Epic provides us with a
presence in the strategically important Port of Savannah, some exciting
new customer relationships and an energetic team assembled by terminal
industry veteran David Vattimo.”

“IMTT and Epic are a great fit, commercially and culturally,” said
Vattimo. “We have put a tremendous amount of effort into improving and
leasing the Epic assets over the past several years – we think both the
team and the tanks will prove to be a great addition to IMTT.”

Epic operates a portfolio of seven terminals in the U.S. Southeast and
Southwest, with principal operations in Savannah, Georgia. The
facilities comprise approximately 3.1 million barrels of refined
petroleum, asphalt, biofuels and chemical storage capacity. The business
is supported by take-or-pay contracts similar to those at IMTT.

Epic terminals will continue to store and handle jet fuel at a number of
locations for customers including an affiliate of the U.S. Department of
Defense that has been an Epic customer for more than 20 years.

The acquisition is being funded by IMTT parent, Macquarie Infrastructure
Corporation (NYSE: MIC), with the issuance of $125.0 million in new MIC
shares to the sellers and $46.5 million in cash including with drawings
on IMTT’s revolving credit facility. MIC expects the acquisition to be
accretive to its Free Cash Flow in 2018.

About IMTT

International-Matex Tank Terminals (IMTT) is an industry leader in the
handling and storage of bulk liquid products through its ownership and
operation of ten terminals in the U.S. and two additional facilities in
Canada. The terminals handle petroleum (primarily refined), chemical,
and vegetable and animal oil products for customers including refiners,
commodities traders and specialty chemical manufacturers. Customers
retain ownership of the bulk liquids, as well as responsibility for
insuring those products. IMTT is the lessor of its more than 45 million
barrels of storage capacity.

About MIC

MIC owns and operates a diversified group of businesses providing basic
services to customers in the United States. Its businesses consist of a
bulk liquid terminals business, International-Matex Tank Terminals, an
airport services business, Atlantic Aviation, entities comprising an
energy services, production and distribution segment, MIC Hawaii, and
entities comprising a Contracted Power segment. For additional
information, please visit the MIC website at www.macquarie.com/mic.
MIC-G

MIC is not an authorized deposit-taking institution for the purposes of
the Banking Act 1959 (Commonwealth of Australia). The obligations of MIC
do not represent deposits or other liabilities of Macquarie Bank Limited
ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide
assurance in respect of the obligations of MIC.

Contacts

MIC
Investors:
Jay A. Davis, 212-231-1825
Investor
Relations
Michael Hacke, 212-231-6483
Investor Relations
or
Media:
Melissa
McNamara, 212-231-1667
Corporate Communications