INFRATIL LIMITED. — M&A Activity 2018

Nov 13, 2018

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14 November 2018

Extension of Tilt Renewables Offer Period

Infratil advises that Infratil 2018 Limited and Mercury NZ Limited (together “ TLT JV ”) have varied their takeover offer for Tilt Renewables Limited (" Tilt Renewables ") to extend the closing date to Friday, 30 November 2018 at 11.59pm.

A copy of TLT JV’s variation notice is attached.

Any enquiries should be directed to:

Mark Flesher, Investor Relations, Infratil Limited mark.flesher@infratil.com

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