News and announcements

The following information is provided in accordance with Listing Rule 7.12 Class of security: Infratil Limited Infrastructure Bonds (IFT210) ISIN: NZIFTD0210L1 Number of IFT210 bonds allotted: 30,728,683 Percentage of the

Memorandum To: Market Participants From: NZX Client and Market Services Date: 13 November 2015 Subject: Infratil Limited Perpetual Bond (“IFTHA”) – Interest Rate Reset Message: Further to the announcement made

Infratil Limited advises that the Coupon Rate on the Perpetual Infratil Infrastructure Bonds (PiiBs) for the period 15 November 2015 to the next reset date, being 15 November 2016, is

Infratil Limited today announced the results for the six months ended 30 September 2015. The reported results reflected strong operating contributions across the group and the gain on sale of

29 October 2015 Announcement to the New Zealand Exchange The following information is provided in accordance with Listing Rule 7.12 Class of security: Infratil Limited Infrastructure Bonds (IFT210) ISIN: NZIFTD0210L1

The below memo has been amended to correctly reflect the payment date. Memorandum To: Market Participants From: NZX Client and Market Services Date: 27 October 2015 Subject: Infratil Limited Infrastructure

The following information is provided in accordance with Listing Rule 7.12 Class of security: Infratil Limited Infrastructure Bonds (IFT210) ISIN: NZIFTD0210L1 Number of IFT210 bonds allotted: 75,028,000 Percentage of the

QUOTATION NOTICE: NZX DEBT MARKET INFRATIL LIMTED (“IFT210”) BONDS Issuer: Infratil Limited (“IFT”) Security Code: IFT210 ISIN: NZIFTD0210L1 Details of Issue: An offer of up to NZ$100,000,000 (with the ability

Notice of interest payments attached.

Infratil intends to announce its half year result for the period ended 30 September 2015 on Wednesday 11 November 2015. There will be a briefing for institutional investors, analysts and

QUOTATION NOTICE: NZX DEBT MARKET INFRATIL LIMTED (“IFT210”) BONDS Issuer: Infratil Limited (“IFT”) Security Code: IFT210 ISIN: NZIFTD0210L1 Details of Issue: An offer of up to NZ$100,000,000 (with the ability

Infratil Infrastructure Bonds due 15 September 2023 - Reinvestment Offer and New Closing Date On 1 October 2015 Infratil announced the opening of an offer of Infrastructure Bonds which mature

Infratil Limited advises that it has acquired its own securities. The following information is provided in accordance with Listing Rule 7.12.1: Class of security: Perpetual Infratil Infrastructure Bonds ISIN: NZIFTD0020S9

Infratil confirmed today that the sale of its 20% stake in Z Energy Limited has completed. It has filed the attached substantial product holder notice accordingly. Phillippa Harford CFO Infratil

The letter attached below is being sent to existing Infratil Bondholders with bonds maturing 15 November 2015.

NZX Regulation Decision Infratil Limited (IFT) Application for a waiver from NZX Debt Market Listing Rule 5.2.3 1 October 2015 Waiver from NZX Debt Market Listing Rule 5.2.3 Decision 1.

Infratil announces that the above offer of unsecured unsubordinated Infrastructure Bonds is now open. Infratil is offering up to $100 million of Infrastructure Bonds to all investors in New Zealand

QUOTATION NOTICE: NZX DEBT MARKET INFRATIL LIMTED (“IFT210”) BONDS Issuer: Infratil Limited (“IFT”) Security Code: IFT210 ISIN: NZIFTD0210L1 Details of Issue: An offer of up to NZ$100,000,000 (with the ability

Infratil Limited announces that it has agreed to sell its 20% interest in Z Energy Limited (80 million shares) via a block trade for $6.00 per share. The block trade

Infratil advises that it intends to dispose of its 20% stake (80 million shares) in Z Energy Limited via a book build process, commencing on the evening of Tuesday 29