Infratil Share Buyback Corrected Notice

This notice corrects the announcement of 29 March 2018 with respect to the total no of ordinary shares on issue after buyback and after deduction of Treasury Stock. Infratil Limited advises that it has acquired its own securities. The following information is provided in accordance with Listing Rules 7.12 Class of security: Ordinary Shares ISIN: NZIFTE0003S3 Number of Ordinary Shares acquired: 300,000 Acquisition price (average): $3.106 Date acquired: 29 March 2018 Payment: In cash Amount paid up: Fully paid up Ordinary Shares Percentage of the total class of securities issued (after the acquisition): 0.05% Reason for the acquisition: Considered by the Directors to be in the best interests of the Company and shareholders. Specific authority for the acquisition: Buyback to be carried out pursuant to Infratil's continuing Share Buyback Programme outlined in its 2016 Notice of Meeting. Total number of Ordinary Shares in existence after the acquisition: 560,053,166 Total number of Ordinary Shares in existence after acquisition and after deduction of Treasury Stock: 559,278,166 Treasury stock: Shares acquired will be held as treasury stock Mark Flesher, Investor Relations End CA:00316404 For:IFT Type:CORPACT Time:2018-04-05 08:42:59