Results of 2023 Annual Meeting

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

18 August 2023


Results of 2023 Annual Meeting

At Infratil Limited’s (IFT) annual shareholders’ meeting, held at the Public Trust Hall, 131 Lambton
Quay, Wellington and online on 17 August 2023 at 2.30pm NZST, shareholders were asked to vote
on six resolutions, which were supported by the Board.

As required by NZX Listing Rule 6.1, all voting was conducted by a poll.

The resolutions passed by shareholders were:

1. Re-election of Peter Springford: That Peter Springford be re-elected as a director of Infratil.

2. Election of Anne Urlwin: That Anne Urlwin be elected as a director of Infratil.

3. Payment of FY2022 Incentive Fee by Share Issue: That Infratil be authorised to issue to
Morrison & Co Infrastructure Management Limited (Morrison & Co), within the time, in the
manner, and at the price, prescribed in the Management Agreement, such number of fully paid
ordinary shares in Infratil (Shares) as is required to pay all or such portion of the third instalment
of the 2022 Incentive Fee (if payable) as the Board elects to pay by the issue of Shares (2022
Scrip Option), and the Board be authorised to take all actions and enter into any agreements
and other documents on Infratil’s behalf that the Board considers necessary to complete the 2022
Scrip Option.

4. Payment of FY2023 Incentive Fee by Share Issue: That Infratil be authorised to issue to
Morrison & Co Infrastructure Management Limited (Morrison & Co), within the time, in the
manner, and at the price, prescribed in the Management Agreement, such number of fully paid
ordinary shares in Infratil (Shares) as is required to pay all or such portion of the second
instalment of the 2023 Incentive Fee (if payable) as the Board elects to pay by the issue of
Shares (2023 Scrip Option), and the Board be authorised to take all actions and enter into any
agreements and other documents on Infratil’s behalf that the Board considers necessary to
complete the 2023 Scrip Option.

5. Directors’ Remuneration: That the maximum aggregate remuneration pool available for
payment to all Directors (in their capacity as a director of Infratil and certain of its subsidiaries) for
each financial year commencing on or after 1 April 2023, be increased by $196,125 from
$1,329,375 to $1,525,500 per annum (plus GST or VAT, as appropriate), to be divided among the
Directors as the Board determines.

6. Auditor’s remuneration: That the Board be authorised to fix the auditor’s remuneration.

Detail of the total number of votes cast in person or by a proxy holder are:

Resolution For Against Abstain
Re-election of Peter Springford: That
Peter Springford be re-elected as a
director of Infratil.
454,241,762
(99.91%)
400,617
(0.09%)
14,394,600
Election of Anne Urlwin: That Anne
Urlwin be elected as a director of Infratil.
452,426,282
(99.54%)
2,093,127
(0.46%)
14,517,570

2
Resolution For Against Abstain
Payment of FY2022 Incentive Fee by
Share Issue (2022 Scrip Option): That
Infratil be authorised to issue to Morrison
& Co Infrastructure Management Limited
(Morrison & Co), within the time, in the
manner, and at the price, prescribed in
the Management Agreement, such
number of fully paid ordinary shares in
Infratil (Shares) as is required to pay all
or such portion of the third instalment of
the 2022 Incentive Fee (to the extent
payable) as the Board elects to pay by
the issue of Shares (2022 Scrip Option),
and the Board be authorised to take all
actions and enter into any agreements
and other documents on Infratil’s behalf
that the Board considers necessary to
complete the 2022 Scrip Option.
412,518,753
(96.25%)
16,061,795
(3.75%)
282,617
Payment of FY2023 Incentive Fee by
Share Issue (2023 Scrip Option): That
Infratil be authorised to issue to Morrison
& Co Infrastructure Management Limited
(Morrison & Co), within the time, in the
manner, and at the price, prescribed in
the Management Agreement, such
number of fully paid ordinary shares in
Infratil (Shares) as is required to pay all
or such portion of the second instalment
of the 2023 Incentive Fee (to the extent
payable) as the Board elects to pay by
the issue of Shares (2023 Scrip Option),
and the Board be authorised to take all
actions and enter into any agreements
and other documents on Infratil’s behalf
that the Board considers necessary to
complete the 2023 Scrip Option.
412,330,413
(96.22%)
16,204,680
(3.78%)
328,072
Directors’ remuneration: That the
maximum aggregate remuneration pool
available for payment to all Directors (in
their capacity as a director of Infratil and
certain of its subsidiaries) for each
financial year commencing on or after 1
April 2023, be increased by $196,125
from $1,329,375 to $1,525,500 per
annum (plus GST or VAT, as
appropriate), to be divided among the
Directors as the Board determines.
332,187,119
(73.41%)
120,297,716
(26.59%)
14,811,401
Auditor’s remuneration: That the Board
be authorised to fix the auditor’s
remuneration.
441,199,686
(97.04%)
13,442,551
(2.96%)
14,394,742

3


Authority for this announcement
Name of person authorised to make this
announcement
Brendan Kevany, Company Secretary
Contact person for this announcement Mark Flesher
Contact phone number +64 4 473 2399
Contact email address mark.flesher@hrlmorrison.com
Date of release through MAP 18 August 2023