Washington D.C., May 19, 2008 -- EMP Latin American Management LLC ("EMPLA") announced today that the AIG-GE Capital Latin American Infrastructure Fund L.P. ("LAIF" or "the Fund") has fully divested its 9.7% shareholding in Transredes S.A. – Transporte de Hidrocarburos ("Transredes").

Transredes, created in the 1996 privatization of Yacimientos Petrolíferos Fiscales Bolivianos ("YPFB"), with 3,000 km of gas and 2,800 km of liquid pipelines, transports most of the gas and liquids in Bolivia and holds a meaningful ownership in the Bolivia to Brazil pipeline, the longest inter-country pipeline in South America.

LAIF, the third largest private shareholder in Transredes, sold on April 24th the entirety of its stake to state-owned YPFB through the Bolivian stock exchange for gross proceeds of $46.6 million, resulting in the largest secondary equity transaction in the exchange during the last five years. Under the presidential nationalization decree, YPFB was mandated to acquire majority control of Transredes (and all other oil and gas companies in Bolivia) before May 1st 2008.

Since its inception in November 1996, LAIF has invested approximately US$817 million in 23 companies throughout the Latin America region, which are engaged in a variety of infrastructure sectors including telecom, transport, energy, and natural resources. This exit is part of a continuing series of recent public and private sales of LAIF's assets.

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About EMP Latin American Management LLC EMP Latin American Management LLC, a joint venture between EMP Global LLC and the four principal members of EMP Global's Latin American team, is the Principal Adviser to the AIG-GE Capital Latin American Infrastructure Fund L.P