INFRATIL LIMITED. — Share Issue/Capital Change 2012

Dec 13, 2012

14 December 2012

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Announcement to the New Zealand Exchange

Infratil Limited advises that it has allotted fully paid ordinary shares pursuant to the Dividend Reinvestment Plan. The following information is provided in accordance with Listing Rules 7.12

Class of security: Ordinary Shares ISIN: NZIFTE0003S3 Number of Ordinary Shares allotted: 876,442 Issue price (average): $2.3400 Date issued: 14 December 2012 Payment: By way of reinvestment of dividends in accordance with the terms and conditions of the Infratil Dividend Reinvestment Plan Amount paid up: Fully paid up ordinary shares Percentage of the total class of securities issued (after the issuance): 0.15% Reason for the issue: The ordinary shares were issued pursuant to the Infratil Dividend Reinvestment Plan. Specific authority for the acquisition: The ordinary shares were issued in accordance with the terms and conditions of the Infratil Dividend Reinvestment Plan approved by the Board. Total number of Ordinary Shares in existence after the issue: 606,604,931 Total number of ordinary shares in existence after issue and after deduction of Treasury Stock: 585,119,364

K M Baker

Infratil Limited 5 Market Lane, PO Box 320, Wellington, New Zealand Tel +64-4-473 3663 Fax +64-4-473 2388 www.infratil.com