Infratil Limited advises that it has acquired its own securities. The following information is provided in accordance with Listing Rule 7.12.1:

Class of security: Perpetual Infratil Infrastructure Bonds

ISIN: NZIFTD0020S9

Number of Perpetual Bonds acquired: 1,489,000

Acquisition Price (average): 0.6225

Payment: In cash

Amount paid up: Perpetual Infratil Infrastructure Bonds

Percentage of the total class of securities issued (after the acquisition): 0.6420%

Reason for the acquisition: Considered by the Directors to be in the best interests of the Company and shareholders

Specific authority for the acquisition: Board resolution dated 24 August 2016

Total number of Perpetual Infratil Infrastructure Bonds in existence after the acquisition: 231,916,600

Date acquired: 20 December 2016

T Brown