Infratil Limited today announced that following the successful Exchange Offer for its offer of 7½ year unsecured, unsubordinated, fixed rate infrastructure bonds maturing on 17 December 2031 (New Bonds) it has allocated $29,492,000 of New Bonds. The Exchange Offer has now closed.

Combined with the Firm Offer issuance of $175,000,000 this takes the total Issue Amount to $204,492,000.

A copy of the Final Terms Sheet for the New 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

Infratil Treasurer

Phone: +64 4 550 5432

Email: tom.robertson@infratil.com