Memorandum

To: Market Participants
From: NZX Client and Data Services
Date: 30 August 2016
Subject: Infratil Limited Bonds (“IFT220” & “IFT230”) – Quote Basis

Message:

NZX Regulation (‘NZXR’) advises that due an operational error Infratil Limited (“IFT”) debt instruments (“IFT220 & IFT230”) are not trading under the correct quote basis. As a result both IFT220 and IFT230 will be in a trading halt until market close today.

IFT220 & IFT230 will be trading normally from market open, Wednesday, 31 August 2016.

Please contact Client and Data Services on +64 4 496 2854 or cds@nzx.com with any queries.

ENDS