Quotation Notice – Infratil Limited (“IFT310”) Bonds

QUOTATION NOTICE: NZX DEBT MARKET INFRATIL LIMITED BONDS ("IFT310") Issuer: Infratil Limited Ticker Code: IFT310 ISIN: NZIFTD0310L9 Details of Issue: Up to $50 million of Bonds in aggregate across both the General Offer and the Exchange Offer (plus oversubscriptions of up to $50 million at IFT's discretion) Opening Date: Tuesday, 25 May 2021 Closing Date: Exchange Offer: Thursday, 10 June 2021 General Offer: Wednesday, 30 June 2021 Interest Rate: 3.60% per annum Maturity Date: Wednesday, 15 December 2027 Yield Pricing Method (if applicable): N/A Early Call Date (if applicable): N/A Interest Payment Dates: 15 March, 15 June, 15 September and 15 December of each year up to and including the Maturity Date. Date of First Interest Payment: Wednesday, 15 September 2021 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, Craigs Investment Partners Limited, Hobson Wealth Partners Limited Trust Deed Dated: Master Trust Deed dated 11 November 1999 (as amended and restated on 12 August 2015 and amended on 17 May 2017) and Series Supplement dated 25 May 2021. Issue Date: Exchange Offer: Tuesday, 15 June 2021, General Offer: Tuesday, 6 July 2021 Registrar: Link Market Services Limited Settlement Status: NZCDC Settlement System Expected Commencement of Trading on the NZX Debt Market: Wednesday, 16 June 2021 Mark Peterson Chief Executive Officer NZX Limited 25 May 2021 End CA:00372811 For:IFT Type:OFFER Time:2021-05-25 10:53:28