INTERPARK NORTH AMERICAN PARKING FUND, LPINTERPARK NORTH AMERICAN PARKING FUND, LP

A Strategic Open-End Parking Fund$500,000,000

August 2006

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This presentation does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein. Such offer or solicitation will only be made by means of an offering memorandum and definitive documentation in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended. The offering memorandum (the “Memorandum”), which will be subsequently provided, describes risks related to an investment in the Fund as well as other important information about the Fund and its sponsor. The information contained in this presentation does not purport to be complete and is qualified in its entirety by the information set forth in the Memorandum, including, without limitation, the information in the “Risk Factors and Potential Conflicts of Interest” section of the Memorandum. You should carefully review the Memorandum in its entirety prior to investing in the Fund. In addition, each recipient should conduct its own independent investigation and assessment of the contents of this presentation and make such additional inquiries as it deems necessary or appropriate. This presentation does not constitute a part of the Memorandum. Except as required by law, neither the Fund, its general partner, Macquarie Capital Partners Limited (“MCP”), Macquarie Capital Partners LLC nor any of their respective affiliates, officers, employees, agents and consultants make any representation or warranty as to the accuracy or completeness of the contents of this document, and take no responsibility for any loss or damage suffered as a result of any omission, inadequacy, or inaccuracy therein. Recipients acknowledge that circumstances may change and the contents of this document may become outdated as a result.This presentation is not an offer or invitation for subscription or purchase of or a recommendation of securities. It does not take into account the investment objectives, financial situation and particular needs of the recipient. The information contained in this presentation is highly confidential. Except as required by law or regulatory requirements, by participating in this presentation, you agree to maintain the confidentiality of the information contained herein and agree that you will not reproduce or distribute such information to any other person or use such information for any purpose other than to evaluate your potential participation in an offering of the securities described herein without the prior consent in writing of Macquarie Capital Partners LLC or MCP.There can be no assurance that the targeted returns, results, diversification, capitalization or asset allocations will be met or that the Fund will be able to implement its investment strategy and investment approach or achieve its investment objective. Actual returns on investments will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, legal and contractual restrictions on transfer that may limit liquidity, any related transaction costs and the timing and manner of sale. Statements contained in this presentation that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of the general partner of the Fund. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this presentation contains “forward-looking statements.” Actual events or results or the actual performance of the Fund may differ materially from those reflected or contemplated in such forward-looking statements. Certain economic and market information contained herein has been obtained from published sources prepared by third parties and in certain cases has not been updated through the date hereof. While such sources are believed to be reliable, neither the Fund, its general partner, the advisors, Macquarie Capital Partners LLC, MCP nor their respective affiliates nor employees assume any responsibility for the accuracy or completeness of such information.The use of this presentation in certain jurisdictions may be restricted by law. Prospective investors in the Fund should inform themselves as to the legal requirements and tax consequences of an investment in the Fund within the countries of their citizenship, residence, domicile and place of business. MCP is authorized and regulated by the Financial Services Authority (“FSA”).Unless stated otherwise, all information in this presentation is as of July 31, 2006.

DisclaimerDisclaimer

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Disclaimer (cont.)Disclaimer (cont.)

Important notice for residents of Denmark:This document is only intended for distribution to a limited number of institutional investors.

Important notice for residents of Germany:The Fund's interest shall not be offered or advertised publicly or offered similarly under section 135 of the Investmentgesetz (Investment Act). This presentation is directed to the named recipient only and does not constitute an offer or advertisement to the public. The named recipient or any other person shall not pass it on or make it available to any third party. Each potential investor is strongly advised to consider possible tax consequences of a potential application of the Investmentsteurgesetz (Investment Tax Act) and is strongly advised to contact his own tax counsel.

Important notice for residents of The Netherlands:This promotion is not addressed to or intended for any individual or legal entity except for individuals or legal entities who or which trade or invest in securities in the conduct of a profession or a trade within the meaning of Dutch securities legislation which includes banks, brokers, insurance companies, pension funds, other institutional investors and treasuries and financing companies of groups which in a professional manner are active in the financial markets for their own account.

Important notice for residents of The United Kingdom:This presentation is only intended for investment professionals, high net worth companies, partnerships, associations or trusts and investment personnel of any of the foregoing (each within the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005). The transmission of this document to any other person in the UK other than the categories stated above is unauthorized and may contravene the Financial Services and Markets Act 2000.

Important notice for residents of Japan:The sale of units is not permitted other than to Qualified Institutional Investors as defined under the Securities and Exchange Law of 1948, as amended.

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Quality assets located in large, dense and land constrained CBDs and active airports

High Quality Protected Assets

Unique diversified initial portfolio and identifiable pipeline

Unparalleled Access to Parking Assets

Favorable demand / supply dynamics; minimal capex requirements; growing long-term cash flow returns

Excellent Sector Characteristics

InterPark has significant experience as an owner, operator and developer of parking facilities

Strong Sponsorship

[6.0%-6.5%] average cash yield and 10% leveraged IRR, net to Investors1

Target Returns

Unique Investment OpportunityUnique Investment Opportunity

Identifiable Accessto Product

Initial Portfolio of Stable Assets

[$625 – 675 M]2

Identified Pre-Stable Assets

[$375 – 425 M]2

Exclusive Access to Future Stabilized InterPark Assets

[$50 – 100 M / year]3

Identifiable access to $1+ billion portfolio of diversified parking assets

1 There can be no assurance that the Fund’s return objectives will be achieved. Please refer to the Memorandum for additional information, including a description of significant risk factors and potential conflicts of interest.2 Value of assets may vary based on appraised value.3 Forecast based on historical transactions and is not necessarily indicative of future transactions.

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InterPark – Strong SponsorshipInterPark – Strong Sponsorship

Founded: 1997 (operator since 1947)

Largest private owner of parking assets in U.S.

Owned and capitalized by GE

Seasoned management team (avg. 15+ years of parking experience)

Assembled a portfolio of 51 properties totaling over $1B in value

Manages more than 250 parking garages across the U.S.

Continually growing portfolio through acquisitions and developments

Experienced National Parking Owner / Operator

ProvidenceProvidence

Phoenix

HoustonHouston

AtlantaAtlanta

Raleigh-Durham

BaltimoreBaltimore

BostonBoston

Denver

Minneapolis

Milwaukee

Chicago

Indianapolis

St. LouisWashington D.C.

PhiladelphiaPhiladelphia

TampaTampa

OrlandoOrlando

Pittsburgh

Airport Location

CBD Market

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Positive Investment CharacteristicsPositive Investment Characteristics

Multiple Demand Drivers in CBDsMultiple Demand Drivers in CBDsOffice employment growth within CBDRevitalization of urban centers leading to increases in parking demand

Entertainment / tourism / residential / retail

Constrained SupplyConstrained SupplyHigh density at the core of many CBDs

Little or no available landHigh land costs favor other real estate projects

Parking developments discouraged by cities

High Cash FlowsHigh Cash FlowsLow capital expenditures create higher relative cash return versus other real estate sectors

Parking Growth Outpacing Office Growth1

¹ Source: InterPark historical and projected rates for same store parking growth. Office employment growth for top 10 IP markets per Reis, Inc.

““Protected Trade AreaProtected Trade Area”” with significant barriers to entry with significant barriers to entry and increasing demand driversand increasing demand drivers

Strong Sector Economics

ChicagoTheatre

Ford Center for Performing Arts

ChicagoCity Hall

DaleyCivic Center

Marshall Field’s

ResidentialRetail

Condo

Condo/Hotel

Chicago – North Loop Submarket

Condo

-1.50%

-1.00%

-0.50%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

2002 A 2003 A 2004 A 2005 A 2006 A 2007 E 2008 E

CBD Same Store Revenue - IP Markets CBD Office Employment - IP Markets

Gro

wth

Rat

e

ChicagoTheatre

Ford Center for Performing Arts

ChicagoCity Hall

DaleyCivic Center

Marshall Field’s

ResidentialRetail

Condo

Condo/Hotel

Condo

James R. Thompson Center

James R. Thompson Center

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Unparalleled Parking PortfolioUnparalleled Parking Portfolio

Chicago, IL1,085 Stalls

Wabash Randolph

Boston, MA1,500 Stalls

PreFlight Logan

Philadelphia, PA840 Stalls

Jefferson Center

$1+ Billion Portfolio of 37 Parking Assets1

1 Value of assets may vary based on appraised value.2 Assets classified using estimated contribution value to the Fund.3 Includes Raleigh, Milwaukee, Providence, Houston and Phoenix.

88.5% (30 assets)

11.3% (7 assets)

CBDOff-Airport

Portfolio by Type2

37.0%

11.4%11.0%

10.8%

5.8%

5.7%

5.6%

4.4%3.0%2.3%3.0% Chicago

St. LouisBostonPhiladelphiaPittsburghBaltimoreMinneapolisAtlantaIndianapolisWashington DCOther

Portfolio by Location2

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Fund: InterPark North American Parking Fund, LP

Target Initial Offering Size: $500,000,000

IP Co-Investment: [20%] minimum

Target Investor Returns: [6.0% - 6.5%] average cash yield and 10% leveraged net IRR1

Portfolio Test: Cumulative weighted average initial cap rate of at least [6.25%] (tested quarterly)

Initial Portfolio: Approx. $1 billion of garage and off-airport assets

Term: Infinite life, open-end fund

Exclusivity: Exclusive investment vehicle for InterPark for assets meeting the Investment and Stabilization Criteria

Leverage: 60 – 65%

Asset Management Fee: 1.35% of Investor equity commitment

Distributions of Available Cash / Priority Distributions:

After the payment of the Asset Management Fee, Investors who make a capital commitment of $50 million and above will receive an additional distribution as follows: 0.10% ($50M up to $100M); 0.25% ($100M up to $200M); 0.35% ($200M up to $300M)

Acquisition Fee: 1.0% on acquisitions (third party only)

Incentive Participation: 20% promote to InterPark after Investor achieves a 9% levered IRR (measured every three years)

Target Investment Period: 3 years

Redemption Feature: Quarterly redemptions out of liquid assets at NAV following second anniversary of Initial Closing

Initial Closing: December 31, 2006

Summary of TermsSummary of Terms

¹ There can be no assurance that the Fund’s return objectives will be achieved. Please refer to the Memorandum for additional information, including a description of significant risk factors and potential conflicts of interest.