News and announcements

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 Date this disclosure

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 Date this disclosure

The following information is provided in accordance with Listing Rule 7.12 Class of security: Infratil Limited Infrastructure Bonds (IFT230) ISIN: NZIFTD0230L9 Number of IFT230 bonds allotted: 56,117,000 Percentage of the

The following information is provided in accordance with Listing Rule 7.12 Class of security: Infratil Limited Infrastructure Bonds (IFT220) ISIN: NZIFTD0220L0 Number of IFT220 bonds allotted: 93,883,000 Percentage of the

The Quotation Notice for Infratil Limited ("IFT230") Bonds has been amended to reflect the updated closing date of the General Offer. QUOTATION NOTICE: NZX DEBT MARKET INFRATIL LIMITED (“IFT230”) BONDS

The Quotation Notice for Infratil Limited ("IFT220") Bonds has been amended to reflect the updated closing date of the General Offer. QUOTATION NOTICE: NZX DEBT MARKET INFRATIL LIMITED (“IFT220”) BONDS

MEMORANDUM To: Market Participants From: NZX Client and Data Services Date: 10 June 2016 Subject: IFT150 Maturity and Exchange for either IFT220 or IFT230 Message: NZX Regulation (“NZXR”) advises that,

Infratil Infrastructure Bonds 4.90% p.a. due 15 June 2021 and 5.50% p.a. due 15 June 2024 Infratil advises that due to investor demand, the General Offer of both Series of

QUOTATION NOTICE: NZX DEBT MARKET INFRATIL LIMITED (“IFT230”) BONDS Issuer: Infratil Limited (“IFT”) Security Code: IFT230 ISIN: NZIFTD0230L9 Details of Issue: An offer of unsecured, unsubordinated, fixed rate eight year

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: 8 June 2016 Subject: IFT150 Maturity and Exchange for either IFT220 or IFT230 Message: NZX Regulation (“NZXR”) advises that,

Infratil Infrastructure Bonds 4.90% p.a. due 15 June 2021 and 5.50% p.a. due 15 June 2024 Infratil advises that due to investor demand, the General Offer of both Series of

Infratil advises that the foreign exchange rate to be used for the Infratil Limited final dividend to be paid to Australian investors in AUD on 15 June 2016 has been

Infratil Infrastructure Bonds 4.90% p.a. due 15 June 2021 and 5.50% p.a. due 15 June 2024 Infratil advises that due to investor demand, the General Offer of both Series of

Ongoing Disclosure of Directors Interests - Duncan Saville

Notice of interest payments attached.

H.R.L. Morrison & Co, the external manager of Infratil, announced today the appointment of its new Chief Investment Officer (CIO), Paul Newfield. Please see the attached press release from H.R.L.

QUOTATION NOTICE: NZX DEBT MARKET INFRATIL LIMITED ("IFT230") BONDS Issuer: Infratil Limited (“IFT”) Security Code: IFT230 ISIN: NZIFTD0230L9 Details of Issue: An offer of unsecured, unsubordinated, fixed rate eight year

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