Retail Entitlement Offer allotment

Infratil Limited (NZX/ASX: IFT) advises that it has issued securities. The following information is provided in accordance with Listing Rules 7.12.1. a. Class of security Ordinary shares ISIN NZIFTE0003S3 b. Number issued 45,487,130 c. Nominal value N/A Issue Price NZ$4.00 per ordinary share. d. Payment terms Payable in cash. e. Amount paid up Fully paid ordinary shares. f. Principal terms of the securities The shares have identical rights, privileges, limitations and conditions as, and rank equally with, the existing ordinary shares. g. Percentage of class of securities 7.41% of the total number of fully paid ordinary shares prior to this issue (rounded to 2 decimal places). h. Reason for issue Shares allotted pursuant to Retail Entitlement Offer and Retail Bookbuild. i. Authority for issue Directors' resolution dated 16 May 2019. j. Terms of issue The shares were issued with identical rights, privileges, limitations and conditions as, and rank equally with, the existing ordinary shares. k. Number of securities of the class in existence after issue 660,099,898 l. Total number of securities of the class in existence after issue and after deduction of Treasury Stock 659,324,898 m. Date of issue 18 June 2019. Mark Flesher, Investor Relations, Infratil Limited mark.flesher@infratil.com End CA:00336172 For:IFT Type:SECISSUE Time:2019-06-18 08:56:37