Capital Change Notice (Dividend Reinvestment Plan)

Infratil provides the attached Capital Change Notice pursuant to NZX Listing Rule 3.13.1. This notice relates to the issue of 2,117,681 ordinary shares in connection with the Dividend Reinvestment Plan first announced on 13 November 2025. Enquiries should be directed to: Mark Flesher Investor Relations Email: mark.flesher@infratil.com Authorised for release by: Andrew Carroll Chief Financial Officer