Please find attached a copy of presentation materials being used for a North American renewables valuation workshop with analysts this afternoon. An illustrative renewables valuation model to accompany the materials will be available at: https://infratil.com/investors/presentations-investor-days/

An illustrative fees model is also available at the same link to assist analysts and investors with modelling Infratil’s management and incentive fee payments.

Enquiries should be directed to:

Matthew Ross

Deputy CFO

Email: matthew.ross@infratil.com

Authorised for release by:

Andrew Carroll

Infratil Chief Financial Officer