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Infratil Proposed Share Buy Back

24 Mar 2000

Announcement to New Zealand Stock Exchange
Infrastructure & Utilities NZ Limited Proposed Share Buy Back
The Company notifies pursuant to Rule 7.6.1(a) an intention to purchase its own shares on the following terms:
Period of time: During the period 29 March 2000 to 28 March 2001.
Class: Ordinary shares.
Number: Up to 9,466,378 shares


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