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Infratil Infrastructure Bond Programme

1 Feb 2005

Infratil's $70 million issue of 2015 maturity Infrastructure Bonds has been well supported by the market and will close from 4 February. Applications received by the registry after that date will be returned to investors.

Given the strong investor support for the Infrastructure Bond Programme, Infratil is now to look at issuing a small amount of Bonds with a maturity of November 2020. The necessary documentation is being arranged to allow this to occur.

Investors who remain interested in the 2015 Bonds may be able to acquire them in the secondary market. The 2020 Bonds should be available from later in the month. Investors should contact their brokers or financial advisers.

The support of banks, brokers and other financial intermediaries for the Infrastructure Bond Programme is appreciated.

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