Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and

Name of listed issuer: Infratil Limited (IFT)

Date this disclosure made: 11-Aug-22

Date of last disclosure: 6/08/2021

Director or senior manager giving disclosure

Full name(s): Jason Boyes

Name of listed issuer: Infratil Limited

Name of related body corporate (if applicable):

Position held in listed issuer: Director and Chief Executive Officer

Summary of acquisition or disposal of relevant interest (excluding specified derivatives)

Class of affected quoted financial products: Ordinary shares in IFT

Nature of the affected relevant interest(s): Registered holder and beneficial owner

For that relevant interest-

Number held in class before acquisition or disposal: 0

Number held in class after acquisition or disposal: 150,000

Current registered holder(s): N/A

Registered holder(s) once transfers are registered: Jason Peter Boyes

Details of transactions giving rise to acquisition or disposal

Total number of transactions to which notice relates: 5

Details of transactions requiring disclosure-

Date of transaction: 4/08/2022 to 10/08/2022

Nature of transaction: Acquisition of shares on-market

Name of any other party or parties to the transaction (if known): N/A

The consideration, expressed in New Zealand dollars, paid or received for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value, describe the consideration: 1,357,623.00

Number of financial products to which the transaction related: 150,000

If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details—

Whether relevant interests were acquired or disposed of during a closed period: No

Whether prior written clearance was provided to allow the acquisition or disposal to proceed during the closed period: Not applicable

Date of the prior written clearance (if any): Not applicable

Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products: Ordinary shares in IFT

Nature of relevant interest: Allocation of beneficial ownership of shares in connection with Fixed Trading Plan as announced on 30 March 2021

For that relevant interest,-

Number held in class: 715,346

Current registered holder(s): Morrison Trustee Holdings Limited

For a derivative relevant interest,-

Type of derivative: Not applicable

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: 11-Aug-22

Name and title of authorised person: Brendan Kevany

Company Secretary