TPW retail business sale substantial conditions now met

TRUSTPOWER RETAIL BUSINESS SALE - ALL SUBSTANTIAL CONDITIONS NOW MET Trustpower Limited (Trustpower), in which Infratil is a 51% shareholder, today announced that all substantial conditions for the sale of its retail business to Mercury Limited have now been met, with settlement expected to take place on 1 May 2022. A copy of the Trustpower release is attached. Any enquiries should be directed to: Mark Flesher, Investor Relations, Infratil Limited mark.flesher@infratil.com End CA:00390036 For:IFT Type:GENERAL Time:2022-04-04 13:09:18