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407 International Reports Second Quarter Results

TORONTO, July 18, 2007

407 International Inc. announced today income from operations of $89.3 million for the second quarter of 2007, up $11.7 million from the second quarter of 2006. Earnings before interest, taxes, depreciation and amortization (“EBITDA” ) totalled $106.2 million compared with $92.4 million in the corresponding period of 2006. Revenues grew to $131.2 million in the second quarter of 2007, compared to $117.4 million in the second quarter of 2006. Net income for the second quarter increased to $11.2 million from $10.8 million for the same period last year after accounting for a $12.3 million non-cash increase in the inflation component of its inflation-linked bonds. The Board of Directors declared an eligible dividend of $0.040 per common share payable on or about July 18, 2007, to shareholders of record on July 18, 2007.

407 International Inc. is the sole shareholder, operator and manager of 407 ETR, which extends 108 kilometres east-west, just north of Toronto. 407 International Inc. is owned by a consortium comprised of Cintra Concesiones de Infraestructuras de Transporte, Macquarie Infrastructure Group and SNC-Lavalin.

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For more information, contact:


Kenneth A. Walker
Chief Financial Officer
Tel: 905-265-4070


Dale A. Albers
Manager, Public Relations
Tel: 905-264-5221

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