Exercise of Warrants

Infratil Limited (IFT) | 8:38 am, Wednesday 20 August 2008

IFT
1.780
0.020
(+1.14%)
Market Announcement
Type:ALLOT


The following information is provided in accordance with
Listing Rules 7.12

Class of security: Ordinary Shares

ISIN: NZIFTE0003S3

Number of Ordinary Shares issued: 163,850

Issue Price: $1.62

Payment: In cash

Amount paid up: Ordinary Shares issued as fully paid up

Percentage of the total class of securities issued (after the issue): 0.03%

Reason for the issue: Warrants (IFTWB) exercised.

Specific authority for the issue: Terms and conditions of the issue of the
Warrants

Terms or conditions of the issue: Warrantholders have the right to subscribe
for Ordinary Shares, credited as fully paid, at an exercise price of $1.62

Total number of Ordinary Shares in existence after the issue: 530,791,615

Total number of Warrants on issue after the above Warrants exercised:
85,514,711

K M Baker