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INFRATIL LIMITED. M&A Activity 2019

May 9, 2019

65106_rns_2019-05-09_b3014785-a9dc-4769-9069-c35085bc5743.pdf

M&A Activity

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10 May 2019

Infratil – Vodafone Discussions

Following recent media speculation, Infratil confirms that it and another party are in discussions with Vodafone Group Plc ( Vodafone ) regarding a potential transaction involving an acquisition of Vodafone New Zealand. The discussions with Vodafone and financiers are ongoing and incomplete, and may not result in a transaction occurring.

We will continue to update the market as material developments unfold.

Any enquiries should be directed to:

Mark Flesher, Investor Relations, Infratil Limited [email protected]

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