This notice corrects the announcement of 29 March 2018 with respect to the total no of ordinary shares on issue after buyback and after deduction of Treasury Stock.

Infratil Limited advises that it has acquired its own securities. The following information is provided in accordance with Listing Rules 7.12

Class of security: Ordinary Shares

ISIN: NZIFTE0003S3

Number of Ordinary Shares acquired: 300,000

Acquisition price (average): $3.106

Date acquired: 29 March 2018

Payment: In cash

Amount paid up: Fully paid up Ordinary Shares

Percentage of the total class of
securities issued (after the acquisition): 0.05%

Reason for the acquisition: Considered by the Directors to be in the best interests of the Company and shareholders.

Specific authority for the acquisition: Buyback to be carried out pursuant to Infratil's continuing Share Buyback Programme outlined in its 2016 Notice of Meeting.

Total number of Ordinary Shares in existence after the acquisition: 560,053,166

Total number of Ordinary Shares in existence after acquisition and after deduction of Treasury Stock: 559,278,166

Treasury stock: Shares acquired will be held as treasury stock

Mark Flesher, Investor Relations