Completion of sale of ANU Student Accommodation Concession

Infratil Limited 5 Market Lane, PO Box 320, Wellington, New Zealand Tel +64-4-473 3663 www.infratil.com




21 May 2019



Completion of sale of ANU Student Accommodation concession


Infratil confirms that the sale of its 50% interest in the Australian National University’s Purpose-Built
Student Accommodation concession to funds controlled by AMP Capital has completed. A co-
investor, that held the other 50% interest in the ANU Portfolio, has also sold its interest on the same
terms and conditions.

Infratil received cash proceeds of A$162.1 million on completion, as well as distributions of A$4.8
million in the period from 31 March 2019 to completion.

Infratil entered into the conditional sale agreement (announced on 1 April 2019) in reliance on a
waiver from NZX Main Board Listing Rule 9.2.1 dated 8 May 2017. Reliance on the waiver was
required to permit Infratil to undertake the divestment of the ANU co-investment transaction (with
each of the co-investor and Infratil being advised by a related entity of H.R.L. Morrison & Co Group
LP) without obtaining shareholder approval (such approval only being required given the co-
investment relationship between the parties making them related parties for the purposes of the NZX
Main Board Listing Rules).

Any enquiries should be directed to:

Mark Flesher, Investor Relations, Infratil Limited
mark.flesher@infratil.com