Revised Indicative Margin and Minimum Coupon

Infratil Limited has announced it has revised the indicative issue margin for its 8-year unsecured, unsubordinated, re-setting fixed rate infrastructure bonds maturing on 15 June 2030. The new indicative issue margin is 2.00% to 2.10% per annum. The minimum interest rate applicable for the first four-year period has been increased to 5.80%. Full details of the Infrastructure Bond offer are contained in the attached indicative terms sheet. An announcement of the actual issue margin and the interest rate for the first four-year period is expected to be made via the NZX on 2 June 2022 following a bookbuild process. Further information is available on www.infratil.com/for-investors/our-bonds/ or by contacting a Joint Lead Manager or your usual financial adviser. Any enquiries should be directed to: Tom Robertson Treasury and Risk Manager, Infratil +64 4 550 5432 tom.robertson@hrlmorrison.com Arranger and Joint Lead Manager Bank of New Zealand Joint Lead Managers ANZ Bank New Zealand Limited Forsyth Barr Limited Hobson Wealth Partners Limited Jarden Securities Limited End CA:00393085 For:IFT Type:OFFER Time:2022-06-01 11:04:11