QUOTATION NOTICE: NZX DEBT MARKET

INFRATIL LIMITED (“IFT380”) CAPITAL BONDS

Company: Infratil Limited (“IFT”)

Security Code: IFT380

ISIN: NZIFTD0380L2

Details of Issue: NZ$200 million unsecured, subordinated, repayable, cumulative, interest-bearing capital bonds ("Capital Bonds").

Offer Opening Date: Tuesday, 2 June 2026

Offer Closing Date: 11:00am, Friday, 5 June 2026

Maturity Date: Friday, 15 June 2057

Interest Rate: 5.50% per annum until the First Reset Date (15 June 2032).

The Interest Rate will reset on each Reset Date (every five years after the First Reset Date) to be a fixed rate equal to the sum of the 5 Year Swap Rate on the Reset Date plus the Margin plus the Step-up Margin.

Interest Payment Dates: 15 March, 15 June, 15 September and 15 December of each year during the term of the Capital Bonds and on the date on which the Capital Bonds are repaid.

Date of First Interest Payment: Tuesday, 15 September 2026

First Interest Paid To: Holder on Record Date

Record Date: 10 calendar days before the relevant Interest Payment Date or, if that date is not a business day, the immediately preceding business day.

Minimum Application Amount: NZ$5,000 and multiples of $1,000 thereafter

Minimum Holding: 5,000 Capital Bonds

Minimum Transferable Amount: 1,000 Capital Bonds. IFT or the Registrar may decline to register a transfer if the transfer would result in the transferor or the transferee holding or continuing to hold a Non-marketable Parcel of Capital Bonds (unless the amount of Capital Bonds is zero).

Face Value: NZ$1.00 per Capital Bond

Supervisor: Trustees Executors Limited

Joint Lead Managers: Bank of New Zealand, Craigs Investment Partners limited and Forsyth Barr Limited

Trust Deed Dated: 2026 Capital Bonds Trust Deed dated 26 May 2026 between IFT as issuer and Trustees Executors Limited as supervisor.

Registrar: MUFG Pension & Market Services (NZ) Limited

Settlement Status: NZCDC Settlement System

Issue Date: Monday, 15 June 2026

Expected Commencement of Trading on the NZX Debt Market: Tuesday, 16 June 2026

Graham Law

Acting Chief Executive Officer

NZX Limited

5 June 2026