Update on Trustpower retail sale and Manawa Energy launch

Trustpower Limited (Trustpower), in which Infratil is a 51% shareholder, today announced that the conditions of the sale of their gas, telecommunications, and retail electricity supply business (excluding the supply of electricity to commercial and industrial customers) to Mercury NZ Limited have been met and completion of the sale is scheduled to occur today (effective as of 1 May 2022). The company also confirmed its name change to Manawa Energy Limited, as previously advised to the market in August 2021, takes effect today. A copy of the release is attached. Any enquiries should be directed to: Mark Flesher Investor Relations Infratil Limited mark.flesher@infratil.com End CA:00391280 For:IFT Type:MKTUPDTE Time:2022-05-02 08:41:06