2016 Infratil Executive Redeemable Share Scheme: Snapper

Infratil Limited 5 Market Lane, PO Box 320, Wellington, New Zealand Tel +64-4-473 3663 www.infratil.com
5 June 2019


Infratil Limited: 2016 Infratil Executive Redeemable Share Scheme – Snapper Services

Infratil Limited (NZX/ASX: IFT) advises that, on 31 May 2019, it accelerated the entitlements of
executives of Snapper Services Limited (Snapper) under the 2016 Infratil Executive Share Scheme
pursuant to the Infratil Limited Executive Share Scheme Trust Deed dated 22 August 2008 (Trust
Deed), to allow those executives the benefit of that Scheme on completion of the sale of Snapper. As
a consequence of this, Infratil has on 4 June 2019 converted 54,504 Executive Shares into Ordinary
Shares. The following information is provided in accordance with NZX Listing Rule 7.12.1:

a.
Class of security Ordinary shares

ISIN NZIFTE0003S3
b.
Number issued 54,504
c.
Nominal value N/A

Issue Price $3.3107
d.
Payment terms: Payable in cash
e.
Amount paid up Fully paid ordinary shares
f.
Principal terms of the
securities
The shares have identical rights, privileges, limitations
and conditions as, and rank equally with, the existing
ordinary shares.
g.
Percentage of class of
securities
0.01% of the total number of fully paid ordinary shares
prior to this issue (rounded to 2 decimal places).
h.
Reason for issue Executive Redeemable Shares converted into Ordinary
Shares pursuant to the Trust Deed
i.
Authority for issue Conversion of Executive Redeemable Shares into
Ordinary Shares, pursuant to the Trust Deed
j.
Terms of issue Conversion of 54,504 Executive Redeemable Shares
into Infratil Ordinary Shares pursuant to the Trust Deed
k.
Total number of securities
of the class in existence
after issue
614,612,768
k.
Total number of securities
of the class in existence
after issue and after
deduction of Treasury
Stock
613,837,768
m.
Date of conversion 4 June 2019


Nicholas Lough
Company Secretary