ASX Appendix 3A.1 and ASX Appendix 3B

Appendix 3A.1 - Notification of dividend / distribution
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Announcement Summary
Entity name
INFRATIL LIMITED.
Security on which the Distribution will be paid
IFT - ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Announcement Type
New announcement
Date of this announcement
21/5/2024
Distribution Amount
NZD 0.13794118
Ex Date
5/6/2024
Record Date
6/6/2024
Payment Date
25/6/2024
DRP election date
Friday June 7, 2024 15:00:00
Refer to below for full details of the announcement

Appendix 3A.1 - Notification of dividend / distribution
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Announcement Details
Part 1 - Entity and announcement details
1.1 Name of +Entity
INFRATIL LIMITED.
1.2 Registered Number Type
ARBN
Registration Number
144728307
1.3 ASX issuer code
IFT
1.4 The announcement is
1.5 Date of this announcement
21/5/2024
1.6 ASX +Security Code
IFT
ASX +Security Description
ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
2A.2 The Dividend/distribution:
relates to a period of six months
2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
31/3/2024
2A.4 +Record Date
6/6/2024
2A.5 Ex Date
5/6/2024
2A.6 Payment Date
25/6/2024
2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?
Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Ordinary
New announcement

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FIRB approval
Another approval/condition external to the entity required before business day 0 of the timetable for the
dividend/distribution.
2A.8 Currency in which the dividend/distribution is made ("primary currency")
NZD - New Zealand Dollar
2A.9 Total dividend/distribution payment amount per
+security (in primary currency) for all
dividends/distributions notified in this form
NZD 0.13794118
2A.9a AUD equivalent to total dividend/distribution
amount per +security
AUD
2A.9b If AUD equivalent not known, date for information
to be released
7/6/2024
Estimated or Actual?
2A.10 Does the entity have arrangements relating to the
currency in which the dividend/distribution is paid to
securityholders that it wishes to disclose to the market?
2A.11 Does the entity have a securities plan for
dividends/distributions on this +security?
2A.11a If the +entity has a DRP, is the DRP applicable to
this dividend/distribution?
2A.11a(i) DRP Status in respect of this
dividend/distribution
Full DRP
2A.12 Does the +entity have tax component information
apart from franking?
2A.13 Withholding tax rate applicable to the dividend/distribution (%)
15.000000 %
Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution estimated at
this time?
3A.1a Ordinary dividend/distribution estimated amount
per +security
NZD
3A.1b Ordinary Dividend/distribution amount per
security
NZD 0.13000000
3A.2 Is the ordinary dividend/distribution franked?
3A.3 Percentage of ordinary dividend/distribution that is
franked
No
No
Yes
Yes
We have a Dividend/Distribution Reinvestment Plan (DRP)
No
Actual
No

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franked
0.0000 %
3A.4 Ordinary dividend/distribution franked amount per
+security
NZD 0.00000000
3A.5 Percentage amount of dividend which is unfranked
100.0000 %
3A.6 Ordinary dividend/distribution unfranked amount
per +security excluding conduit foreign income amount
NZD 0.13000000
Part 3E - Other - distribution components / tax
3E.1 Please indicate where and when information about tax components can be obtained (you may enter a url).
https://infratil.com/for-investors/reports-results-meetings-investor-days/
3E.2 Please indicate the following information if applicable. (Refer Annual Investment Income Report specification for
further information)
Field NameAIIR Specification ReferenceValueEstimated/Actual
Interest9.79

Unfranked dividends not
declared to be conduit foreign
income

9.80

Unfranked dividends declared
to be conduit foreign income
9.81

Assessable foreign source
income
9.91

Tax-free amounts9.96

Tax-deferred amounts9.97

Managed investment trust
fund payments
9.105

Franked distributions from
trusts
9.120

Gross cash distribution9.121

Interest exempt from
withholding
9.122

Capital Gains discount
method Non-Taxable
Australian property
9.124

Capital gains other
Non-Taxable Australian
property
9.126

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Other income9.130

Royalties9.135

NCMI

Excluded from NCMI

Part 3F - NZD declared dividends/distributions - supplementary dividend/distribution
3F.1 Is a supplementary dividend/distribution payable?
3F.2 Is the supplementary dividend/distribution
estimated at this time?
3F.2b Supplementary dividend/distribution amount per +security
NZD 0.00794118
3F.3 Is the Supplementary dividend/distribution franked?
3F.4 Percentage of Supplementary dividend/distribution
that is franked
0.0000 %
3F.4a Applicable corporate tax rate for franking credit
(%)
%
3F.5 Supplementary dividend/distribution franked
amount per +security
NZD 0.00000000
3F.6 Percentage of Supplementary dividend/distribution
that is unfranked
100.0000 %
3F.7 Supplementary dividend/distribution unfranked amount per security
NZD 0.00794118
Part 4A - +Dividend reinvestment plan (DRP)
4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?
4A.2 Last date and time for lodgement of election
notices to share registry under DRP
Friday June 7, 2024 15:00:00
4A.3 DRP discount rate
2.0000 %
4A.4 Period of calculation of reinvestment price
Start Date
10/6/2024
End Date
21/6/2024
Do not participate in DRP (i.e. cash payment)
No
No
Yes

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4A.5 DRP price calculation methodology
Volume weighted average sale price for an IFT share based on all trades of IFT shares on the NZX Main Board over the
period for ten trading days commencing on and including 10 June 2024, subject to adjustment by IFT for any exceptional
or unusual circumstances in accordance with the DRP terms and conditions.
4A.6 DRP Price (including any discount):
NZD
4A.7 DRP +securities +issue date
25/6/2024
4A.8 Will DRP +securities be a new issue?4A.8a Do DRP +securities rank pari passu from +issue
date?
4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?
4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?
4A.11 Are there any other conditions applying to DRP participation?
4A.11a Conditions for DRP participation
Shareholders who are resident in NZ or Australia, and whose address on the share register is in NZ or Australia, will be
eligible to participate in the DRP. IFT may also determine, in its absolute discretion, that a shareholder who does not
satisfy these criteria is eligible to participate in the DRP.
4A.12 Link to a copy of the DRP plan rules
https://infratil.com/news/dividend-reinvestment-plan/dividend-reinvestment-plan-offer-document/
4A.13 Further information about the DRP
The full terms and conditions of the DRP are set out in the DRP Offer Document at the link above.
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
5.2 Additional information for inclusion in the Announcement Summary
Yes
No
No
Yes
Yes

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Appendix 3B - Proposed issue of securities
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Announcement Summary
Entity name
INFRATIL LIMITED.
Announcement Type
New announcement
Date of this announcement
21/5/2024
The Proposed issue is:
Total number of +securities proposed to be issued for a placement or other type of issue
ASX +security code+Security description
Maximum Number of
+securities to be issued
IFTORDINARY FULLY PAID FOREIGN EXEMPT NZX4,757,373
Proposed +issue date
28/5/2024
Refer to next page for full details of the announcement
A placement or other type of issue

Appendix 3B - Proposed issue of securities
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Part 1 - Entity and announcement details
1.1 Name of +Entity
INFRATIL LIMITED.
We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees
to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in
Appendix 3B of the ASX Listing Rules.
If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also
apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set
out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under
the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX
an Appendix 2A online form notifying ASX of their issue and applying for their quotation).
1.2 Registered Number Type
ARBN
Registration Number
144728307
1.3 ASX issuer code
IFT
1.4 The announcement is
1.5 Date of this announcement
21/5/2024
1.6 The Proposed issue is:
A placement or other type of issue
New announcement

Appendix 3B - Proposed issue of securities
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Part 7 - Details of proposed placement or other issue
Part 7A - Conditions
7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other
type of issue can proceed on an unconditional basis?
Part 7B - Issue details
Is the proposed security a 'New
class' (+securities in a class that is
not yet quoted or recorded by ASX)
or an 'Existing class' (additional
securities in a class that is already
quoted or recorded by ASX)?
Will the proposed issue of this
+security include an offer of
attaching +securities?
Details of +securities proposed to be issued
ASX +security code and description
IFT : ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Number of +securities proposed to be issued
4,757,373
Offer price details
Are the +securities proposed to be issued being issued for a cash
consideration?
In what currency is the cash
consideration being paid?
NZD - New Zealand Dollar
What is the issue price per
+security?
NZD 10.51000
AUD equivalent to issue price amount per +security
9.610000
FX rate (in format AUD 1.00 / primary
currency rate):

AUD 1.00
FX rate (in format AUD rate/primary
currency rate) Primary Currency rate
NZD 1.09325000
Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
Yes
Yes
No
Existing class
No

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Part 7C - Timetable
7C.1 Proposed +issue date
28/5/2024
Part 7D - Listing Rule requirements
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
Part 7E - Fees and expenses
7E.1 Will there be a lead manager or broker to the proposed issue?
7E.2 Is the proposed issue to be underwritten?
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
Standard share registry, external advisers and ASX administrative fees.
Part 7F - Further Information
7F.01 The purpose(s) for which the entity is issuing the securities
The securities issue will occur for the purpose of partially paying the incentive fees payable to Morrison Infrastructure
Management Limited as consideration for management services.
7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?
7F.2 Any other information the entity wishes to provide about the proposed issue
The number of securities proposed to be issued and the issue price per security are based on a formula linked to a
variable and are subject to change. Specifically, the issue price per security will be an amount equal to 98 per cent of the
weighted average sale price of all trades of IFT¿s ordinary shares on the NZX on the 5 business days immediately prior to
the date the shares are issued (being 28 May 2024). The number of securities proposed to be issued will be calculated by
dividing NZD50,000,000 (being the amount of the incentive fees payable by IFT to Morrison Infrastructure Management
Limited that IFT has elected to pay by way of issue of shares) by that issue price per security, rounded down to the
nearest whole number of securities.
7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with
the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:
Not applicable - the entity has arrangements in place with the holder that ensure the securities cannot be on-sold within 12
months in a manner that would breach section 707(3) or 1012C(6)
No
No
No
No
No