Quotation Notice – Infratil Limited (“IFT300”) Bonds

QUOTATION NOTICE: NZX DEBT MARKET INFRATIL LIMITED BONDS ("IFT300") Issuer: Infratil Limited (IFT) Ticker Code: IFT300 ISIN: NZIFTD0300L0 Details of Issue: Up to $50 million (plus oversubscriptions of up to $75 million) in aggregate across both the General Offer and the Exchange Offer. Opening Date: Tuesday, 22 October 2019 Closing Date: General Offer: Thursday, 13 February 2020 Exchange Offer: Friday, 8 November 2019 Interest Rate: 3.35% per annum Maturity Date: Sunday, 15 March 2026 Interest Payment Dates: 15 March, 15 June, 15 September and 15 December of each year until and including the Maturity Date. Date of First Interest Payment: Sunday, 15 March 2020 (however, as this date is not a Business Day, interest will be payable on Friday, 13 March 2020) First Interest Paid To: Original Subscriber Record Date: 10 calendar days before the relevant payment date or, if not a Business Day, the preceding Business Day Minimum Application Amount: $5,000 and multiples of $1,000 thereafter Minimum Holding: $5,000 Minimum Transferable Amount: Infratil may decline to register a transfer if the transfer would result in the transferee holding less than the Minimum Holding Amount Face Value: $1.00 per Bond Supervisor Name: Trustees Executors Limited Joint Lead Managers: Forsyth Barr Limited, ANZ Bank New Zealand Limited, Bank of New Zealand, Jarden Securities Limited Trust Deed Dated: Trust Deed dated 11 November 1999 (as amended and restated on 12 August 2015 and amended on 17 May 2017) and Series Supplement dated 22 October 2019. Issue Dates: General Offer: Friday, 15 November 2019, Monday, 16 December 2019, Thursday, 16 January 2020, and Friday, 14 February 2020 Exchange Offer: Friday, 15 November 2019 Registrar: Link Market Services Limited Settlement Status: NZCDC Settlement System Expected Commencement of Trading on the NZX Debt Market: Friday, 15 November 2019 Mark Peterson Chief Executive Officer NZX Limited 22 October 2019 End CA:00343024 For:IFT Type:OFFER Time:2019-10-22 15:17:29