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| Hastings Diversified Utilities Fund (HDF) is an investment
vehicle managed by the Westpac Banking Corporation
subsidiary Hastings Funds Management (Hastings). HDF's
target investments include gas transmission and distribution
assets; electricity generation, transmission and
distribution assets; water and other essential utilities;
hydro and wind power generation assets. HDF's portfolio
currently comprises two investments: 100 percent ownership
of Epic Energy in Australia, and an interest, including a 50
percent voting equity interest in South East Water in the
United Kingdom (the remaining 50% is owned by another
Hastings managed fund - Utilities Trust of Australia). | | |
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