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Infratil Infrastructure Bonds

7 Oct 2005

Infratil has today closed the issue of Infrastructure Bonds maturing 2012 and 2020.

These Bonds were well received by investors and target issue levels have been achieved.

As agreed with the brokers to the issue, BK Registries will be processing late applications for a few days.

While support for the two Bonds was very good, there was some feedback that these longer maturities do not suit all investors. Consequently Infratil is making a limited offer of shorter term Bonds. This new Bond will mature in November 2010 and pay a 7.25% quarterly coupon.

An investment statement for this new offer can be obtained from Infratil on telephone (04) 473 3663 or from your financial adviser.

The documentation is also available on Infratil's website
www.infratil.com/bonds.htm or by contacting Infratil.


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