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 to accept up to NZ$50,000,000 of oversubscriptions at the discretion of the Issuer) of Infrastructure Bonds.

Opening Date: 1 October 2015

Closing Date for Reinvestment Offer: 27 October 2015

Closing Date for General Offer: 13 November 2015

Interest Rate: 5.25% per annum

Maturity Date: 15 September 2023

Issue Dates for General Offer: 27 October 2015, 29 October 2015 and 16 November 2015

Issue Date for Reinvestment Offer: 16 November 2015

Interest Payment Dates: 15 March, 15 June, 15 September and 15 December of each year up to and including the Maturity Date.

Date of First Interest Payment: 15 December 2015

First Interest Paid To: Original Subscriber

Minimum Application Amount: $5,000 and multiples of $1,000 thereafter

Minimum Holding: $5,000

Minimum Amount Transferrable: $1,000

Face Value: $1.00 per Bond

Supervisor Name: Trustees Executors Limited

Organising Participant: Forsyth Barr Limited

Managers: ANZ Bank New Zealand Limited, Deutsche Craigs Limited, First New Zealand Capital Securities Limited, Forsyth Barr Limited, Westpac Banking Corporation, New Zealand Branch.

Trust Deed Dated: Programme Trust Deed: 11 November 1999 (as amended from time to time) and the series supplement dated 30 September 2015

Registrar: Link Market Services Limited (“LNKT”)

Settlement Status: NZCDC Settlement System

Expected Commencement of Trading on the NZX Debt Market: 27 October 2015

Tim Bennett
Chief Executive Officer
NZX Limited

15 October 2015