INFRATIL LIMITED. — Director's Dealing 2011

Jul 18, 2011

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Infratil Limited

ABN ARBN144 728 307

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Lloyd MORRISON
Date of last notice	24/05/2010

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	H.R.L. Morrison & Co Limited has agreed to purchase (conditional on Infratil Limited shareholder approval and completion) 15,000,000 shares in Infratil Limited from Utilico Investments Limited. Lloyd Morrison has a relevant interest in Infratil shares held by H.R.L. Morrison & Co Limited under section 608(3)(a)of the Corporations Act 2001.
Date of change	12/07/2011
No. of securities held prior to change	Relevant interest in 50,871,768 Ordinary Shares and 4,269,009 IFT Warrants C series
Class	Ordinary Shares
Number acquired	15,000,000
Number disposed	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$1,85 per share, payable on completion.
No. of securities held after change	Relevant interest in 65,871,768 Ordinary Shares and 4,269,009 IFT Warrants C series
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off-market trade (conditional on Infratil Limited shareholder approval and completion).

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/a
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	Yes

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If prior written clearance was provided, on what date was this 12 July 2011 provided?

• See chapter 19 for defined terms.

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