Infratil successfully completes NZ$1,000 million placement

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Infratil Limited 5 Market Lane, PO Box 320, Wellington, New Zealand Tel +64-4-473 3663 www.infratil.com

18 June 2024

Infratil successfully completes NZ$1,000 million placement

Infratil Limited (“Infratil”) (NZX/ASX: IFT) is pleased to advise that it has successfully completed the
underwritten
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placement (“Placement”) component of its planned approximately NZ$1,150 million
equity raising announced yesterday.

The Placement raised a total of NZ$1,000 million, with new Infratil shares being issued at a price of
NZ$10.15 per share, representing a discount of 6.8% to the last close price on the NZX of NZ$10.89
on Friday, 14 June 2024 and a 6.0% discount to the 5-day VWAP of NZ$10.79.

The Placement attracted significant interest from both existing shareholders and new investors in New
Zealand, Australia, and offshore with total demand well in excess of the Placement size. Eligible
shareholders who bid for up to their ‘pro-rata’ of new shares under the Placement were allocated their
full bid on a ‘best efforts’ basis.

Infratil CEO, Jason Boyes, said, “We are very pleased with the strong level of support for the
Placement, particularly from our existing shareholders. We are also excited to welcome several high
quality institutional investors onto our register. We look forward to our retail shareholders having the
opportunity to participate in the equity raising through the Retail Offer, which opens on Thursday, 20
June 2024.

The capital raised will create significant capacity to fund growth investments at our Trans-Tasman
data centre platform, CDC, and across the broader Infratil portfolio.”

Settlement of the Placement is expected to occur on Thursday, 20 June 2024 on the ASX and Friday,
21 June 2024 on the NZX. Allotment of the new shares under the Placement is expected to occur on
Friday, 21 June 2024 with trading of the new shares commencing on the NZX and ASX on the same
date.

Retail Offer

The non-underwritten retail share offer (“Retail Offer”) announced on Monday, 17 June 2024 will
open on Thursday, 20 June 2024. A Retail Offer document will be made available to eligible
shareholders on Thursday, 20 June 2024, and can also be accessed on the website established for
the Retail Offer (www.infratilshareoffer.com).

All eligible shareholders are encouraged to visit the website and apply online before the closing date
at 5:00pm NZST time / 3:00pm AEST on Monday, 8 July 2024.

Further information

Further details of the equity raising are set out in the Investor Presentation we released to the NZX
and ASX yesterday.

Any investor enquiries should be directed to:

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The Placement was fully underwritten, other than in respect of pre-committed ‘pro-rata’ participation in the Placement by interests
associated with Infratil’s manager, Morrison, and related parties amounting to approximately NZ$63.27 million worth of new shares in
aggregate.

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

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Mark Flesher
Investor Relations
Infratil Limited
Email: mark.flesher@infratil.com

IMPORTANT INFORMATION

The distribution of this announcement in jurisdictions outside New Zealand and Australia may be
restricted by law and you should observe any such restrictions. Any failure to comply with such
restrictions may constitute a violation of applicable securities laws.

This announcement may not be distributed or released in the United States. This announcement does
not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or
in any jurisdiction in which such an offer would be illegal. The securities to be offered and sold in the
Placement and the Retail Offer have not been, and will not be, registered under the U.S. Securities Act
of 1933, as amended (the “Securities Act”) or the securities laws of any state or other jurisdiction of
the United States. Accordingly, the securities to be offered and sold in the Placement may not be offered
or sold, directly or indirectly, in the United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities Act and applicable securities
laws of any state or other jurisdiction of the United States. The securities to be offered and sold in the
Retail Offer may not be offered or sold, directly or indirectly, in the United States or to any person that
is acting for the account or benefit of a person in the United States.