PL100 - Emerging Markets Infrastructure Development Trust


The Credit Suisse PL100 - Emerging Markets Infrastructure Development Trust (PL100 - EMID) will be an ASX listed trust with participation in the performance of international Emerging Markets Infrastructure Companies. Emerging Markets Infrastructure Companies are companies in a corporate group that is involved in the Infrastructure Industry and satisfies certain other criteria, including deriving revenue from or operating in emerging markets. Subject to certain conditions, PL100 - EMID will have the benefit of capital protection¹ at Maturity to the value of $1.00 per Unit on issue at Maturity, as well as other benefits of the Protection Strategy as outlined in the Product Disclosure Statement.


Some of the benefits to be offered include:
  •     5 year term
  •     Capital protection provided to PL100 - EMID at maturity to the

  •     value of $1.00 per unit on issue at maturity1
  •     Investment exposure to a portfolio of companies involved in the

  •     infrastructure industry and with operations in emerging markets
  •     Semi annual distributions
  •     Australian Dollar returns
  •     Minimum investment AUD 20,000 for initial offer (excludes

  •     financial adviser commission of 1.1%*)
Borrowing2
  •     100% investment loan will be available*
  •     Variable and fixed rates will be available*

  •     * To approved applicants during the initial offer period. Remember,
        leverage magnifies potential losses as well as profits.
Other Features3
  •     Daily liquidity on and off market
  •     Market maker bid at $1.00 day one

Key Dates
Initial Offer Period opens: 29 October 2007
Initial Offer Period closes: 28 November 2007
Anticipated Listing date: 19 December 2007 (subject to ASX approval)


Equity Trustees Limited (ACN 004 031 298) (EQT) is the responsible entity of the Credit Suisse PL100 - EMID Trust (PL100 - EMID), and will be the issuer of units in PL100 - EMID. It is important for you consider the Product Disclosure Statement relating to PL100 - EMID in deciding whether to acquire, or to continue to hold, units in PL100 - EMID. Units in PL100 - EMID are sophisticated financial products and applications for units must be made through a financial adviser. An investment in PL100 - EMID is subject to investment risk, including possible delays in repayment and loss of income and capital. An investment in PL100 - EMID does not represent a deposit or other liability of any member of the Credit Suisse group, the Lead Managers, the Organising Broker or EQT. No member of the Credit Suisse group, nor the Lead Managers, nor the Organising Broker or EQT guarantees the capital value or performance of PL100 - EMID or its assets, subject to the capital protection provided by CSi to PL100 - EMID at maturity to the value of $1.00 per unit on issue at maturity as described in the important notes in this document.

1 The capital protection for PL100 - EMID will be provided by Credit Suisse International to PL100 - EMID only at maturity (year 5) and will only apply to the value of $1.00 per unit on issue at maturity. Further, like other features of the Protection Strategy, the capital protection will not be provided directly to unitholders and will be subject to terms and conditions, including early termination events. Please refer to the Product Disclosure Statement for more information, including section 4.2 'PL100 - EMID specific risks'.
2 Investment loans will be available during the initial open period only from third party lenders subject to terms and conditions including credit approval.
3 The liquidity arrangements refer to on market and off market arrangements for Credit Suisse Equities (Australia) Limited and Credit Suisse, Sydney Branch to offer to buy and sell PL100 - EMID units to and from investors, subject to terms and conditions. While there can be no assurance that an active market for trading in units in PL100 - EMID will develop on the ASX, on market liquidity will be facilitated by the appointment of a market maker (Credit Suisse Equities (Australia) Limited) and an off market limited liquidity facility will be available (from Credit Suisse, Sydney Branch), subject to terms and conditions including situations where the limited liquidity facility may not be available and the market maker's obligations may not apply. After day one of trading, the amount of any bid by the market maker will be subject to a number of factors, including the net asset value of PL100 - EMID and market conditions.
**To the extent that any ratings, opinions or other information of Standard & Poor's Information Services (Australia) Pty Ltd (ABN: 17 096 167 556, Australian Financial Services Licence Number: 258896) ("Standard & Poor's") constitutes general advice, this advice has been prepared by Standard & Poor's without taking into account any particular person's financial or investment objectives, financial situation or needs. Before acting on any advice, any person using the advice should consider its appropriateness having regard to their own or their clients' objectives, financial situation and needs. You should obtain a Product Disclosure Statement relating to the product and consider the statement before making any decision or recommendation about whether to acquire the product. Past performance is not a reliable indicator of future performance. Ratings can change or cease at any time and should not be relied upon without referring to the meaning of the rating. For more information regarding ratings please call S&P Customer Service on 1300 792 553 and also refer to Standard & Poor's Financial Services Guide at www.assirt.com.au. Each analytic product or service of Standard & Poor's is based on information received by the analytic group responsible for such product or service. "S&P" and "Standard & Poor's" are trademarks of The McGraw-Hill Companies, Inc.
© 2007 Standard & Poor's Information Services (Australia) Pty Limited
5 Current rating as at October 2007. This document has been prepared by Aegis Equities Research Pty Limited ("Aegis") (ACN 085 293 910, AFSL no. 225071), an Australian Financial Services Licensee. Aegis has been commissioned to prepare this independent research report and will receive fees for its preparation. Any opinions, forecasts or recommendations reflect the judgment and assumptions of Aegis as at the date of publication and may change without notice from time to time. This publication is not and should not be construed as, an offer to sell or the solicitation of any offer to purchase or subscribe for any investment. Any opinion contained in the document is unsolicited general information only. Investors should always obtain individual financial advice from their investment advisor to determine whether opinions or recommendations (if any) contained in this publication are appropriate to their investment objectives, financial situation or particular needs before acting on such opinions or recommendations.