Completion of sale of Perth Energy to AGL

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



2 September 2019



Completion of sale of Perth Energy to AGL

On 8 August 2019, Infratil Limited ("Infratil") announced the conditional sale of Perth Energy to AGL
Energy Limited (“AGL”).

Infratil confirms that the sale of Perth Energy to AGL was completed today.

Infratil received cash proceeds of A$53.3 million for its 80% shareholding, with final proceeds to be
adjusted for normal working capital and net debt adjustments. As previously announced, Infratil may
receive further sale proceeds of up to A$14.9 million in cash within three years, contingent on financial
outcomes under a material contract and the tax treatment of certain penalty refunds which Perth
Energy may become entitled to claim.

Completion of the sale has also released Infratil from its credit support of Perth Energy, which as at
31 March 2019 amounted to A$64.7 million.



Any enquiries should be directed to:

Phillippa Harford, Chief Financial Officer, Infratil Limited
info@infratil.com