Results of 2025 Annual Meeting

At Infratil Limited’s (IFT) annual shareholders’ meeting, held at the Eden Park, 42 Reimers Avenue, Kingsland, Auckland and online on 19 August 2025, shareholders were asked to vote on seven resolutions, which were supported by the Board.

As required by NZX Listing Rule 6.1, all voting was conducted by a poll.

The resolutions passed by shareholders were:

1. That Alison Gerry be re-elected as a director of Infratil.

2. That Kirsty Mactaggart be re-elected as a director of Infratil.

3. That Andrew Clark be re-elected as a director of Infratil.

4. That Infratil be authorised to issue to Morrison Infrastructure Management Limited (Morrison), within the time, in the manner, and at the price, prescribed in the Management Agreement, such number of fully paid ordinary shares in Infratil (Shares) as is required to pay all or such portion of the third instalment of the 2024 Incentive Fee (to the extent payable) as the Board elects to pay by the issue of Shares (2024 Scrip Option), and the Board be authorised to take all actions and enter into any agreements and other documents on Infratil’s behalf that the Board considers necessary to complete the 2024 Scrip Option.

5. That Infratil be authorised to issue to Morrison, within the time, in the manner, and at the price, prescribed in the Management Agreement, such number of Shares as is required to pay all or such portion of the second instalment of the 2025 Incentive Fee (to the extent payable) as the Board elects to pay by the issue of Shares (2025 Scrip Option), and the Board be authorised to take all actions and enter into any agreements and other documents on Infratil’s behalf that the Board considers necessary to complete the 2025 Scrip Option.

6. That the maximum aggregate remuneration pool available for payment to all Non-Executive Directors for each financial year commencing on or after 1 April 2025, be increased by $121,500 from $1,525,500 to $1,647,000 per annum (plus GST or VAT, as appropriate).

7. That the Board be authorised to fix the auditor’s remuneration.

Detail of the total number of votes cast in person or by a proxy holder are:

Resolution For Against Abstain

That Alison Gerry be re-elected as a director of Infratil. 249,506,358

94.62% 14,196,690

5.38% 81,930

That Kirsty Mactaggart be re-elected as a director of Infratil. 263,145,237

99.79% 558,323

0.21% 81,418

That Andrew Clark be re-elected as a director of Infratil. 263,163,484

99.80% 527,403

0.20% 94,091

That Infratil be authorised to issue to Morrison Infrastructure Management Limited (Morrison), within the time, in the manner, and at the price, prescribed in the Management Agreement, such number of fully paid ordinary shares in Infratil (Shares) as is required to pay all or such portion of the third instalment of the 2024 Incentive Fee (to the extent payable) as the Board elects to pay by the issue of Shares (2024 Scrip Option), and the Board be authorised to take all actions and enter into any agreements and other documents on Infratil’s behalf that the Board considers necessary to complete the 2024 Scrip Option.

179,512,922

89.50%

21,057,274

10.50%

946,459

That Infratil be authorised to issue to Morrison, within the time, in the manner, and at the price, prescribed in the Management Agreement, such number of Shares as is required to pay all or such portion of the second instalment of the 2025 Incentive Fee (to the extent payable) as the Board elects to pay by the issue of Shares (2025 Scrip Option), and the Board be authorised to take all actions and enter into any agreements and other documents on Infratil’s behalf that the Board considers necessary to complete the 2025 Scrip Option.

179,483,387

89.52%

21,018,178

10.48%

959,282

That the maximum aggregate remuneration pool available for payment to all Non-Executive Directors for each financial year commencing on or after 1 April 2025, be increased by $121,500 from $1,525,500 to $1,647,000 per annum (plus GST or VAT, as appropriate).

186,028,677

71.47%

74,242,377

28.53%

430,271

That the Board be authorised to fix the auditor’s remuneration. 263,397,161

99.90% 264,457

0.10% 123,360

Authority for this announcement

Name of person authorised to make this announcement Brendan Kevany, Company Secretary

Contact person for this announcement Mark Flesher

Contact phone number +64 4 473 2399

Contact email address info@infratil.com

Date of release through MAP 20 August 2025