News and announcements

QUOTATION NOTICE: NZX DEBT MARKET INFRATIL LIMITED ("IFT220") BONDS Issuer: Infratil Limited (“IFT”) Security Code: IFT220 ISIN: NZIFTD0220L0 Details of Issue: An offer of unsecured, unsubordinated, fixed rate five year

MEMORANDUM To: Market Participants From: NZX Client and Data Services Date: 20 May 2016 Subject: IFT150 Maturity and Exchange for either IFT220 or IFT230 Message: NZX Regulation (“NZXR”) advises that

The letter attached below is being sent to existing Infratil Bondholders with bonds maturing 15 June 2016.

Notice pursuant to clause 20(1)(a) of schedule 8 of the Financial Markets Conduct Regulations 2014 Infratil Limited ("Infratil") gives notice under clause 20(1)(a) of schedule 8 of the Financial Markets

Bond interest notices attached.

Ongoing Disclosure Notice L Petagna

Ongoing Disclosure of Directors Interests - Duncan Saville

With effect from 17 March 2016, Infratil Limited will change its ASX ticker code from "IFZ" to "IFT", meaning that Infratil will operate the same ticker code on both the

ASX has confirmed that Infratil (NZX: IFT; ASX: IFZ) has changed its admission category from an ASX Listing to an ASX Foreign Exempt Listing, effective from 11 March 2016. The

Infratil Limited advises that effective from 5 March 2016 the physical address of Infratil's share registry, Link Market Services Limited, has changed to Level 11, Deloitte House, 80 Queen Street,

Notice of interest payments attached

Amended record date to 4 March 2016 and application date to 15 March 2016.

Notice of interest payments attached.

Disclosure of Directors Interests - Duncan Saville

Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To NZX Limited and To Infratil Limited, ASX Limited Date this disclosure made: 22 January 2016

(a)Class of Security and ISIN: Executive redeemable shares (ISIN – n/a) (b)Number issued, acquired or redeemed: 59,592 redeemed (c) Nominal value and issue price, acquisition price or redemption price: NZ$595.52

Ongoing Disclosure Notice L Petagna

This notice amends an error in the disclosure notice of 18 November 2015, in which the "Number held in class before acquisition or disposal" was stated to be 36,519,418 rather

This notice amends an error in the disclosure notice of 18 November 2015, in which the "total number of shares held in class for this disclosure" was stated to be

On 11 December 2015, the 2012 Infratil Executive Redeemable Share Scheme matured having met the share performance thresholds. Pursuant to this and the Infratil Limited Executive Share Scheme Trust Deed