Infratil Limited today announced that following the successful Exchange Offer for its offer of 7½ year unsecured, unsubordinated, fixed rate infrastructure bonds maturing on 15 March 2031 (2031 Bonds) it has allocated $52,248,000 of 2031 Bonds. The Exchange Offer has now closed.

Combined with the Firm Offer issuance of $75,000,000 this takes the total Issue Amount to $127,248,000.

A copy of the Final Terms Sheet for the 2031 Bonds is attached.

Arranger and Joint Lead Manager:

Bank of New Zealand

Joint Lead Managers:

ANZ Bank New Zealand Limited

Craigs Investment Partners Limited

Forsyth Barr Limited

Jarden Securities Limited

Tom Robertson

Treasury and Risk Manager, Infratil

Phone: +64 4 550 5432

Email: tom.robertson@hrlmorrison.com