OUR PLATFORMS Capstone’s strategy is to develop, acquire and manage a portfolio of  high quality utilities, power and transportation infrastructure businesses  and public-private partnerships in countries that are members of the  Organization for Economic Cooperation and Development (OECD). Capstone focuses primarily on North America, the United Kingdom,  and Northern and Western Europe, with Australia and New Zealand  also being regions of interest.  Regulated or contractual businesses that provide  essential community infrastructure. Power generation facilities with a clean energy  profile and long-term power purchase agreements,  and a pipeline of wind power projects. Includes a 50% interest in Bristol Water, a growing, regulated  water utility in the United Kingdom, and a 33% interest in Värmevärden, an established district heating business in Sweden. Future investments could include electricity transmission or  distribution, or gas utilities. There are currently fewer near-term opportunities in this segment in Canada, shifting Capstone’s  emphasis to potential investments in the United States, the  United Kingdom, and Northern and Western Europe. Includes operating gas-fired, wind, biomass, hydro and solar power  generation facilities and a pipeline of contracted wind power  projects in Canada. Capstone will continue to seek traditional and  renewable power investment opportunities. In Canada, the market  is slowing following several years of significant activity. Other  markets of interest for operating and development-stage projects  include the United States, the United Kingdom and Australia. Litres of water supplied daily by Bristol Water Net installed capacity Expected net capacity of wind development projects Length of Värmevärden’s distribution network Growth in Bristol Water’s regulated capital value, or rate base,  over the regulatory period from 2010 to 2015 Employees directly engaged in the operation and  development of our power portfolio 2 CAPSTONE INFRASTRUCTURE CORPORATION  70   26%  300 KM 79 MW  439 MW  282 M Current Platforms Utilities Power  UTILITIES OPERATING POWER DEVELOPMENT PROJECTS Wind Biomass Wind Gas Cogeneration Solar Hydro District Heating Regulated Water Utility ON • Erie Shores • 3 other facilities NS • Glace Bay • Amherst • Glen Dhu • 4 other facilities ON • Amherstburg  BC • Sechelt • Hluey Lakes ON • Wawatay • Dryden ON • Cardinal QC • Chapais AB • Whitecourt ON • Skyway 8 • Goulais • 4 other projects PQ • Saint-Philémon SK • Riverhurst UK • Bristol Water SE • Värmevärden