INFRATIL LIMITED. — Capital/Financing Update 2021

Mar 14, 2021

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15 March 2021

Allotment of Infratil Limited Infrastructure Bonds (IFT300)

Section 1: Issuer information
Name of issuer	Infratil Limited
NZX ticker code	IFT
Class of financial product	Infrastructure Bonds due 15 March 2026(IFT300)
ISIN (If unknown, check on NZX website)	NZIFTD0300L0
Currency	NZ$
Section 2: Capital change details
Number issued	35,057,000
Nominal value (if any)	$35,057,000
Issue/acquisition/redemption price per security	$1.01619
Nature of the payment (for example, cash or otherconsideration)	Cash
Amount paid up (if not in full)	Fully paid up
Percentage of total class of Financial Productsissued/acquired/redeemed/ (calculated on thenumber of Financial Products of the Class,excluding any Treasury Stock, in existence)	41.14%
For an issue of Convertible Financial Products orOptions, the principal terms of Conversion (forexample the Conversion price and Conversiondate and the ranking of the Financial Product inrelation to other Classes of Financial Product) orthe Option (for example, the exercise price andexercise date)	N/A
Reason for issue/acquisition/redemption andspecific authority for issue/acquisition/redemption/(the reason for change must be identified here)	Reason for issue: Applications received andprocessed under the Terms Sheet for theoffer of Infrastructure Bonds dated 19November 2020Specific authority for issue: Resolution ofthe Board.
Total number of Financial Products of the Classafter the issue/acquisition/redemption/Conversion(excluding Treasury Stock) and the total numberof Financial Products of the Class held asTreasury Stock after theissue/acquisition/redemption.	Total number: 120,268,800Treasury stock: None

Infratil Limited 5 Market Lane, PO Box 320, Wellington, New Zealand Tel +64-4-473 3663 www.infratil.com

In the case of an acquisition of shares, whetherthose shares are to be held as treasury stock	N/A
Specific authority for the issue, acquisition, orredemption, including a reference to the rulepursuant to which the issue, acquisition, orredemption is made	Authorised by a resolution of the Board.
Terms or details of the issue, acquisition, orredemption (for example: restrictions, escrowarrangements)	As described in the Terms Sheet dated 19November 2020
Date of issue/acquisition/redemption	15/03/2021
Section 3: Authority for this announcement and contact person
Name of person authorised to make thisannouncement	Phillippa Harford, Chief Financial Officer
Contact person for this announcement	Aaron Queree, Group Treasurer
Contact phone number	+64 4 473 3663
Contact email address	Aaron.Queree@hrlmorrison.com
Date of release through MAP	15/03/2021