Completion of acquisition of Qscan

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



23 December 2020



Completion of acquisition of Qscan

On 26 October 2020 Infratil Limited (“Infratil”) announced that it had executed a conditional binding
offer to acquire up to 60% of Qscan Group Holdings Pty Ltd (“Qscan”) from Quadrant Private Equity
(“QPE”) and existing doctor and management shareholders. Infratil’s offer was made in conjunction
with the Morrison & Co Growth Infrastructure Fund (“MGIF”), which conditionally offered to acquire up
to ~15% of Qscan.

Infratil confirms that its acquisition of 56.25% of Qscan was completed on 22 December 2020 for total
cash equity consideration of A$289.6 million. The consideration includes estimated transaction costs
and is subject to the usual completion adjustments for working capital and net debt.

Infratil’s Chief Executive Marko Bogoievski said “we are very pleased to complete the acquisition of
Qscan and look forward to working with Qscan’s management and doctor shareholders”.



Any enquiries should be directed to:

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