Ongoing Disclosure Notices – Director and Senior Manager

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Infratil Limited (IFT)
Date this disclosure made:31-Mar-23
Date of last disclosure: 12-Aug-22
Director or senior manager giving disclosure
Full name(s):Jason Boyes
Name of listed issuer:Infratil Limited
Name of related body corporate (if applicable):
Position held in listed issuer:Director and Chief Executive Officer
Summary of acquisition or disposal of relevant interest (excluding specified
derivatives)
Class of affected quoted financial products: Ordinary shares in IFT
Nature of the affected relevant interest(s):
Registered and beneficial owner
For that relevant interest-
Number held in class before acquisition or disposal:221,000
Number held in class after acquisition or disposal:
936,346
Current registered holder(s):Morrison Trustee Holdings Limited in
its capacity as the trustee of the
Morrison & Co Holdings Trust
Registered holder(s) once transfers are registered:Jason Boyes
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: 1
Details of transactions requiring disclosure - Transaction
Date of transaction:30-Mar-23
Nature of transaction: Off-market transfer on the above
date of the legal ownership of certain
shares that were acquired by
Morrison Trustee Holdings Limited in
connection with a Fixed Trading Plan
as announced on 30 March 2021
and in respect of which the beneficial
ownership was allocated to Jason
Boyes on 3 August 2021 pursuant to
the terms of certain employment
incentive arrangements.
Name of any other party or parties to the transaction (if known):Morrison Trustee Holdings Limited in
its capacity as the trustee of the
Morrison & Co Holdings Trust
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:
Nil, pursuant to the terms of certain
employment incentive arrangements
Number of financial products to which the transaction related: 715,346
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:Yes
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
No - the acquisition of the relevant
interest is the result of shares that
were previously acquired by Morrison
Trustee Holdings Limited for the
benefit of employees (in accordance
with written clearance from the
Infratil Board) vesting in Jason
Boyes
Date of the prior written clearance (if any):Not applicable
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:Not applicable
Nature of relevant interest:Not applicable
For that relevant interest,-
Number held in class:Not applicable
Current registered holder(s):Not applicable
For a derivative relevant interest,-
Type of derivative:Not applicable
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
Not applicable
A statement as to whether the derivative is cash settled or physically settled:Not applicable
Maturity date of the derivative (if any):Not applicable
Expiry date of the derivative (if any):Not applicable
The price's specified terms (if any):Not applicable
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:
Not applicable
For that derivative relevant interest,-
Parties to the derivative: Not applicable
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
Not applicable
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:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:31-Mar-23
Name and title of authorised person:
Brendan Kevany, Company Secretary

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Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: Infratil Limited (IFT)
Date this disclosure made:
31-Mar-23
Date of last disclosure: 6-Aug-21
Director or senior manager giving disclosure
Full name(s):Paul Newfield
Name of listed issuer:Infratil Limited
Name of related body corporate (if applicable):
Position held in listed issuer:Morrison & Co CEO
Summary of acquisition or disposal of relevant interest (excluding specified
derivatives)
Class of affected quoted financial products: Ordinary shares in IFT
Nature of the affected relevant interest(s):Joint registered holder and beneficial owner of
ordinary shares
For that relevant interest-
Number held in class before acquisition or disposal:0
Number held in class after acquisition or disposal:537,315
Current registered holder(s):Morrison Trustee Holdings Limited in its
capacity as the trustee of the Morrison & Co
Holdings Trust
Registered holder(s) once transfers are registered:Paul Joseph Charles Newfield, Olivia Frances
Kember and Stephen Alastair Keall as trustees
of the Sentinel Trust
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: 1

Details of transactions requiring disclosure-
Date of transaction:30-Mar-23
Nature of transaction: Off-market transfer on the above date of the
legal ownership of certain shares that were
acquired by Morrison Trustee Holdings Limited
in connection with a Fixed Trading Plan as
announced on 30 March 2021 and in respect of
which the beneficial ownership was allocated to
Paul Newfield on 3 August 2021 pursuant to the
terms of an employment incentive arrangement
Name of any other party or parties to the transaction (if known):Morrison Trustee Holdings Limited in its
capacity as the trustee of the Morrison & Co
Holdings Trust
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:
Nil, pursuant to the terms of an employment
incentive arrangement
Number of financial products to which the transaction related: 537,315
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:Yes
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
No - the acquisition of the relevant interest is
the result of shares that were previously
acquired by Morrison Trustee Holdings Limited
for the benefit of employees (in accordance with
written clearance from the Infratil Board)
vesting in Paul Newfield.
Date of the prior written clearance (if any):Not applicable
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:Ordinary shares in IFT
Nature of relevant interest:Registered and beneficial holder
For that relevant interest,-
Number held in class:294,060
Current registered holder(s):Paul Newfield
For a derivative relevant interest,-
Type of derivative:Not applicable
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying
financial products (if any):
Not applicable
A statement as to whether the derivative is cash settled or physically settled:Not applicable
Maturity date of the derivative (if any):Not applicable
Expiry date of the derivative (if any):Not applicable
The price's specified terms (if any):Not applicable
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:
Not applicable
For that derivative relevant interest,-
Parties to the derivative: Not applicable
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:
Not applicable
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 person authorised to sign on behalf of director or officer:
Date of signature:31-Mar-23
Name and title of authorised person:Brendan Kevany, Company Secretary