Infratil Limited advises that it has allotted fully paid ordinary shares pursuant to the Dividend Reinvestment Plan. The following information is provided in accordance with Listing Rules 7.12

Class of security: Ordinary Shares

ISIN: NZIFTE0003S3

Number of Ordinary Shares allotted: 1,183,615

Issue price (average): $2.2947

Date issued: 13 December 2013

Payment: By way of reinvestment of dividends in accordance with the terms and conditions of the Infratil Dividend Reinvestment Plan

Amount paid up: Fully paid up ordinary shares

Percentage of the total class of securities issued (after the issuance): 0.21%

Reason for the issue: The Ordinary Shares were issued pursuant to the Infratil Dividend Reinvestment Plan.

Specific authority for the acquisition: The Ordinary Shares were issued in accordance with the terms and conditions of the Infratil Dividend Reinvestment Plan approved by the Board.

Total number of Ordinary Shares in existence after the issue: 586,731,916

Total number of Ordinary Shares in existence after issue and
after deduction of Treasury Stock: 561,434,511

K M Baker