Infratil announces, pursuant to NZSX Listing Rule 7.6.2, its intention to buy back ordinary shares on the basis outlined in the notice for its 2015 Annual Meeting.

The buybacks may take place during the period from Infratil's Annual Meeting on 21 August 2015 until 31 July 2016. Shares may be bought on-market or off-market, but the combined total of further on-market and off-market purchases will not exceed 50 million ordinary shares. On market buybacks will only take place on the NZX, not the ASX.

Further details about Infratil's buyback programme are set out in the notice for the 2015 Annual Meeting.

Phillippa Harford
Chief Financial Officer