Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(1) and 298(1), Financial Markets Conduct Act 2013

To NZX Limited; and
Name of listed issuer: Infratil Limited
Date this disclosure made: 25-Mar-19
Date on which issuer listed or appointment made: 25-Mar-19

Director or senior manager giving disclosure
Full name: Kirsty Mactaggart
Name of listed issuer: Infratil Limited (IFT)
Name of related body corporate (if applicable): Trustpower Limited (TPW)
Position held in listed issuer: Director

Summary of relevant interest (excluding specified derivatives)
Class of quoted financial product: Ordinary shares in IFT
Nature of relevant interest: Joint registered holder and beneficial owner
Number held in class: 35,500
Current registered holder: Kirsty Mactaggart and Justin Alan Crane

Summary of relevant interest (excluding specified derivatives)
Class of quoted financial product: Ordinary shares in TPW
Nature of relevant interest: Joint registered holder and beneficial owner
Number held in class: 8,300
Current registered holder: Kirsty Mactaggart and Justin Alan Crane

Certification
I certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.

Signature of person authorised to sign on behalf of director or officer:
Date of signature: 25 March 2019
Name and title of authorised person: N W Lough Company Secretary