Infratil Limited today announced that following the successful bookbuild process for its offer of 6 year unsecured, unsubordinated, fixed rate infrastructure bonds maturing on 31 July 2029 (Infrastructure Bonds) it has allocated $150m of Infrastructure Bonds (including $75m of oversubscriptions). The offer has now closed.

The Issue Margin for the Infrastructure Bonds has been set at 2.25% per annum. The Interest Rate will be announced later today via NZX together with release of the Final Terms Sheet.

For further information, please contact a Joint Lead Manager or your usual financial adviser.

Arranger and Joint Lead Manager:

Bank of New Zealand

Joint Lead Managers:

ANZ Bank New Zealand Limited

Forsyth Barr Limited

Jarden Securities Limited

Craigs Investment Partners Limited

Tom Robertson

Treasury and Risk Manager, Infratil

Phone: +64 4 550 5432

Email: tom.robertson@hrlmorrison.com