INFRATIL LIMITED. — Capital/Financing Update 2017

Jun 18, 2017

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The bonds referred to are not listed on ASX. This is provided for information only

19 June 2017

Announcement to the New Zealand Exchange

The following information is provided in accordance with Listing Rule 7.12

Class of security: Infratil Limited Infrastructure Bonds (IFT240) ISIN: NZIFTD0240L8 Number of IFT240 bonds allotted: 79,257,600 Percentage of the total class of IFT240 Bonds allotted: 100.00% Issue Price: $1.00 for new bonds. Payment for new bonds: In cash. Amount paid up: Bonds have been fully paid up. Date of allotment: Bonds have been allotted on the 19th of June 2017. Reason for the allotment: Applications received and processed under the terms sheet for the offer of Infrastructure Bonds dated 18 May 2017. Specific authority for the allotment: The copy of the terms sheet delivered to the Registrar of Financial Service Providers for registration has been authorised by an Infratil directors resolution dated 17 May 2017. Terms or conditions of the allotment: Infratil is offering up to $75 million of Infrastructure Bonds in aggregate of IFT240 and IFT250 across both the General and Exchange Offers and across both Series (with the option to accept up to $75 million of oversubscriptions in aggregate at Infratil's discretion).

Total number of IFT240 bonds in existence after the allotment: 79,257,600

Phillippa Harford Chief Financial Officer