News and announcements

Memorandum To: Market Participants From: NZX Product Operations Date: Friday, 17 May 2019 Subject: Infratil Limited (“IFT”) - Trading Halt of Securities Message: NZX Regulation (“NZXR”) advises that, at the

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES Infratil announces NZ$400 million equity raising to partially fund the acquisition of Vodafone New Zealand Refer to www.infratilshareoffer.com

Infratil confirms satisfaction of conditions to sale of ANU Student Accommodation concession Infratil is pleased to advise that it has received all counterparty consents for the sale of its 50%

Memorandum To: Market Participants From: NZX Product Operations Date: Tuesday, 14 May 2019 Subject: Infratil Limited (“IFT”) - Trading Halt of Securities Lifted Message: NZX Regulation (“NZXR”) advises that, following

Infratil announces NZ$3.4 billion acquisition of Vodafone New Zealand  A consortium comprising Infratil Limited ("Infratil") and Brookfield Asset Management Inc. ("Brookfield") today announced it had executed a conditional agreement to

Memorandum To: Market Participants From: NZX Product Operations Date: Friday, 10 May 2019 Subject: Infratil Limited (“IFT”) - Trading Halt of Securities Message: NZX Regulation (“NZXR”) advises that, at the

Following recent media speculation, Infratil confirms that it and another party are in discussions with Vodafone Group Plc (Vodafone) regarding a potential transaction involving an acquisition of Vodafone New Zealand.

Ongoing Disclosure Notice Paul Newfield

Infratil intends to announce its full year results for the period ended 31 March 2019 on Friday 17 May 2019. There will be a briefing for institutional investors, analysts and

Infratil Chairman, Mark Tume, today announced the appointment of Catherine Savage to the Infratil Board. “Catherine is a highly experienced investor and director with substantial governance experience in the investment

Appendix 7 for 15 May 2019 bond interest payment attached

Ongoing Disclosure Notice Paul Newfield

Infratil has released the presentation material for its annual Investor Day. Presentations are recorded during the day and will be available to view on www.infratil.com after the event. Infratil's objective

In conjunction with the preparation of the financial statements for the financial year ended 31 March 2019 Infratil has commissioned independent valuations for several investments held within the International Portfolio.

Infratil is pleased to announce a conditional sale of its 50% interest in the Australian National University’s ("ANU") Purpose Built Student Accommodation ("PBSA") concession (the “Portfolio”) to funds controlled by

Ongoing Disclosure Notice Paul Newfield

Disclosure of Directors and Senior Managers Relevant Interests Sections 297(1) and 298(1), Financial Markets Conduct Act 2013 To NZX Limited; and Name of listed issuer: Infratil Limited Date this disclosure

Infratil Chairman, Mark Tume, today announced the appointment of Kirsty Mactaggart to the Infratil Board. “Kirsty brings international experience in capital markets and corporate governance, most recently as the Head

Ongoing Disclosure Notice Paul Newfield

Please see attached a Substantial Product Holder Notice for Accident Compensation Corporation (ACC) in Infratil limited ("IFT").