News and announcements

RetireAustralia, has today announced the appointment of two new Independent Non-Executive Directors, with Professor Christine Bennett AO and Peter Spira joining the Board. RetireAustralia was purchased by Infratil Limited and

Trustpower's accounting policies require that an independent valuation is undertaken of its generation assets every 3 years. Trustpower has engaged Deloitte Corporate Finance to complete a revaluation of its generation

Notice of interest payments attached.

Disclosure of beginning to have substantial holding Section 276, Financial Markets Conduct Act 2013 To NZX Limited and To Infratil Limited Date this disclosure made: 4 February 2015 Date on

Notice of Interest payments attached.

Attached Ongoing Disclosure Notice for Liberato Petagna

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest or both Sections 277 and 278, Financial Markets Conduct Act 2013 To NZX

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest or both Sections 277 and 278, Financial Markets Conduct Act 2013 To NZX

Ongoing Disclosure Notice Disclosure of Directors and Senior Managers Relevant Interests Sections 297(2) and 298(2), Financial Markets Conduct Act 2013 To NZX Limited; and Name of listed issuer: Infratil Limited

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013 Note: This

Infratil today (31 December 2014) announced completion of the acquisition of 50% of RetireAustralia, with its consortium partner the New Zealand Superannuation Fund acquiring the other 50%. Full release attached.

Infratil today announced completion of the acquisition of 50% of RetireAustralia, with its consortium partner the New Zealand Superannuation Fund acquiring the other 50%.

Waiver from NZX Main Board Listing Rule 9.2.1 Decision 1. Subject to the condition set out in paragraph 2 below, and on the basis that the information provided by Infratil

A consortium owned 50% by Infratil Limited and 50% by the New Zealand Superannuation Fund has today entered into a sale and purchase agreement to acquire 100% of RetireAustralia. A

Pursuant to Infratil Limited's Executive Share Scheme, the Company has on 23 December 2014 issued 512,500 executive redeemable shares. The following information is provided in accordance with NZX Listing Rules

On 7 December 2014, the 2011 Infratil Executive Share Scheme matured having met the share performance thresholds. Pursuant to this and the Infratil Limited Executive Share Scheme Trust Deed dated

Attached is Infratil's Operational Report.

Infratil advises that the foreign exchange rate to be used for the Infratil Limited interim and special dividends to be paid to Australian investors on 15 December 2014 in AUD

Notice of interest payments attached.

MEMORANDUM To: Market Participants From: NZX Client and Market Services Date: 14 November 2014 Subject: IFTHA Coupon Rate Reset Message: NZX Regulation ("NZXR") advises that the distribution rate payable on