L&Q Notice – Infratil Limited (“IFT320”)

LISTING AND QUOTATION NOTICE: NZX DEBT MARKET INFRATIL LIMITED ("IFT320") BONDS Company: Infratil Limited Issuer Code: IFT Security Code: IFT320 ISIN: NZIFTD0320L8 Details of Issue: An offer of NZ$50 million unsecured, unsubordinated, fixed rate bonds in aggregate (with the ability to accept oversubscriptions of NZ$15 million at Infratil's absolute discretion) under the "Firm Offer", and an additional $93,696,000 of bonds under the "Exchange Offer". Under the Exchange Offer, Infratil is offering holders of the Bonds maturing on 15 June 2022 (Ticker: IFT190) the opportunity to exchange some or all of their bonds on a one to one basis. Opening Date: Firm Offer: 26 May 2022 Exchange Offer: 3 June 2022 Closing Date: Firm Offer: 2 June 2022 Exchange Offer: 13 June 2022 Interest Rate: 5.93% per annum Rate Reset Date: 15 June 2026 Maturity Date: 15 June 2030 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: 15 September 2022 First Interest Paid To: Holder on Record Date Record Date: 10 calendar days prior to payment date, or, if that day is not a business day, the preceding business day Minimum Application Amount: NZ$5,000 Minimum Holding: NZ$5,000 Minimum Amount Transferrable: NZ$1,000 Face Value: NZ$1.00 per bond Arranger and Organising Participant: Bank of New Zealand Joint Lead Managers: ANZ Bank New Zealand Limited, Bank of New Zealand, Forsyth Barr Limited, Hobson Wealth Partners Limited, Jarden Securities Limited Master Trust Deed Dated: Master Trust Deed dated 11 November 1999 (as amended) Indicative Terms Sheet and Series Supplement: 26 May 2022 Final Terms Sheet to be dated 2 June 2022 (to be released after the Issue Margin and Initial Interest Rate has been set on the Rate Set Date) Issue Date: 15 June 2022 Registrar: Link Market Services Limited Settlement Status: NZCDC Settlement System Expected Commencement of Trading on the NZX Debt Market: 16 June 2022 Mark Peterson Chief Executive Officer NZX Limited 02 June 2022 End CA:00393222 For:IFT Type:OFFER Time:2022-06-02 17:08:25