News and announcements

Capital change notice attached

FY2020 Earnings Guidance Update On 5 December 2019, Tilt Renewables Limited ('Tilt Renewables') which Infratil is a 65% shareholder in, announced that it had entered into an agreement to sell

The Strike Price used to calculate entitlements under the Infratil Dividend Reinvestment Plan (“DRP”), in respect to the recent interim dividend, has been set at NZ$4.8814 per share. The Strike

Attached is a market release from Tilt Renewables Limited (TLT) advising that TLT, as a result of the strategic review announced in June 2019, has entered into an agreement to

Infratil advises that the foreign exchange rate to be used for the Infratil Limited interim dividend to be paid to Australian investors in AUD on 13 December 2019 has been

Ongoing disclosure notice attached.

Ongoing disclosure notice attached.

Infratil advises that the Infrastructure Bonds series IFT090 will be redeemed for cash on the due date. Principal will be repaid in the same way (and to the same bank

Memorandum To: Market Participants From: NZX Product Operations Date: Friday, 15 November 2019 Subject: IFTHA – Interest Rate Reset Message: NZX Operations (“NZXO”) advises that the interest rate payable on

Infratil Limited advises that the Coupon Rate on the Perpetual Infratil Infrastructure Bonds (PiiBs) for the period 15 November 2019 to the next reset date, being 15 November 2020, is

Allotment of Infratil Limited Infrastructure Bonds due 15 December 2029 attached

Allotment of Infratil Limited Infrastructure Bonds due 15 March 2026 attached

Memorandum To: Market Participants From: NZX Product Operations Date: Tuesday, 22 October 2019 Subject: IFT200 Maturity and Exchange for either IFT300 or IFTHC Message: NZX Operations (“NZXO”) advises that the

QUOTATION NOTICE: NZX DEBT MARKET INFRATIL LIMITED BONDS (“IFT300”) Issuer: Infratil Limited (IFT) Ticker Code: IFT300 ISIN: NZIFTD0300L0 Details of Issue: Up to $50 million (plus oversubscriptions of up to