Redemption of Executive Redeemable Shares

Infratil Limited advises that it has acquired its own securities. The following information is provided in accordance with Listing Rule 7.12.1: (a) Class of Security and ISIN:Executive redeemable shares (b) Number redeemed: 557,500 redeemed (c) Redemption price: NZ$5,575.00 (d) Whether payment was in cash: In cash (e) Any amount paid up: NZ$0.01 (f) Principal terms of the Securities: As per the Infratil Executive Share Scheme Trust Deed dated 22 August 2008 (g) Percentage of the total Class of Securities redeemed: 56.2847% (h) Reason for the redemption: Redemption of Executive redeemable shares that did not convert to Infratil ordinary shares in accordance with the Infratil Executive Share Scheme Trust Deed (i) Specific authority for the redemption: As per the Infratil Executive Share Scheme Trust Deed (j) Terms or details of the redemption: As per the Infratil Executive Share Scheme Trust Deed (k) Total number of Securities of the Class in existence after the redemption: 433,000 (l) In the case of an acquisition of shares by an Issuer which is a company registered under the Companies Act 1993, whether those shares are to be held as Treasury Stock: n/a (m) Dates of redemption: 10 April 2018 Nicholas Lough Company Secretary End CA:00316570 For:IFT Type:SECISSUE Time:2018-04-10 11:28:44