Ongoing Disclosure Notice K Baker

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(1) and 298(1), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
Infratil Limited
Date this disclosure made:
25/11/2019
Date of last disclosure:
13/12/2013
Director or senior manager giving disclosure
Full name(s):
Kevin Maxwell Baker
Name of listed issuer:
Infratil Limited (IFT)
Name of related body corporate (if applicable):
Position held in listed issuer:
Executive
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Ordinary Shares in IFT and IFT bonds
Nature of the affected relevant interest(s):
Beneficial interest
For that relevant interest-
Number held in class before acquisition or disposal:
Refer to table annexed
Number held in class after acquisition or disposal:
Refer to table annexed
Current registered holder(s):
N/A
Registered holder(s) once transfers are registered:
Refer to table annexed
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
Class of underlying financial products:
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
A statement as to whether the derivative is cash settled or physically settled:
Maturity date of the derivative (if any):
Expiry date of the derivative(if any):
The price specified in the terms of the derivative (if any):
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
For that derivative,-
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: 6

Details of transactions requiring disclosure-
Date of transaction:Refer to table annexed
Nature of transaction:
Refer to table annexed
Name of any other party or parties to the transaction (if known):IFT
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:
Refer to table annexed
Number of financial products to which the transaction related: Refer to table annexed
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
Date of the prior written clearance (if any):
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:
a - Perpetual IFT Infrastructure
Bonds; b - IFT 220 Bonds; c - IFT
230 Bonds; d - IFT 240 Bonds; e -
IFT 250 Bonds; f - IFT shares
Nature of relevant interest:
Beneficial interest
For that relevant interest,-
Number held in class:
a - 50,000; b - 25,000; c - 25,000; d -
50,000; e - 50,000; f - 465,100
Current registered holder(s):
KJ Baker and Fenn Lanes
Consultants Limited
For a derivative relevant interest,-
Type of derivative:
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
A statement as to whether the derivative is cash settled or physically settled:
Maturity date of the derivative (if any):
Expiry date of the derivative (if any):
The price's specified terms (if any):
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:
For that derivative relevant interest,-
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
Certification
I, certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all
persons for whom it is made.
Signature of director or officer:
Date of signature:25/11/2019

Class of affected
quoted financial
products:
Nature of the affected
relevant interest(s):
Number held in
class before
acquisition or
disposal
Number held in
class after
acquisition or
disposal
Current registered
holder(s):
Registered holder(s)
once transfers are
registered:
Date of
Transaction
Nature of
transaction
Name of any other
party or parties to
the transaction (if
known)
The consideration,
expressed in New
Zealand dollars,
paid or received
for the acquisition
or disposal.
Number of financial
products to which
the transaction
related:
Ordinary Shares in IFTBeneficial interest192,175217,935N/AKJ Baker18/06/2019
Alloted pursuant to
retail entitlement
offer
IFT$103,04025,760
Ordinary Shares in IFTBeneficial interest217,950247,165N/A
Fenn Lane Consultants
Limited
18/06/2019
Alloted pursuant to
retail entitlement
offer
IFT$116,86029,215
IFT 260 BondsBeneficial interest
nil25,000N/AKJ Baker15/11/2018New IFT bond issueIFT$25,00025,000
IFT 270 BondsBeneficial interestnil25,000
N/AKJ Baker15/11/2018New IFT bond issueIFT$25,00025,000
IFT 280 BondsBeneficial interest
nil
100,000
N/AKJ Baker20/09/2019New IFT bond issueIFT
$100,000
100,000
IFTHC BondsBeneficial interestnil
100,000
N/A
Fenn Lanes
Consultants Limited
20/09/2019New IFT bond issueIFT
$100,000100,000
Summary of acquisition or disposal of relevant interestDetails of transaction requiring disclosure