ASX Appendix 2A (Retail Offer)

This appendix is available as an online form
Only use this form if the online version is not available Rule 2.8, 3.10.3A to 3.10.3D
+ See chapter 19 for defined terms
5 February 2024 Page 1
Appendix 2A
Application for quotation of securities
Information or documents not available now must be given to ASX as soon as available. Information
and documents given to ASX become ASX’s property and may be made public.
If you are an entity incorporated outside Australia and you are seeking quotation of a new class of
securities that will not have CDIs issued over them, you will need to obtain and provide an
International Securities Identification Number (ISIN) for that class. Further information on the
requirement for the notification of an ISIN is available from the Create Online Forms page. ASX is
unable to create the new ISIN for non-Australian issuers.
*Denotes minimum information required for first lodgement of this form, with exceptions provided in
specific notes for certain questions. The balance of the information, where applicable, must be
provided as soon as reasonably practicable by the entity.
Part 1 – Entity and announcement details
Question
no
Question Answer
1.1 *Name of entity
We (the entity here named) apply for
+quotation of the following +securities and
agree to the matters set out in
Appendix 2A of the ASX Listing Rules.
1

INFRATIL LIMITED
1.2 *Registration type and number
Please supply your ABN, ARSN, ARBN, ACN or
another registration type and number (if you supply
another registration type, please specify both the type
of registration and the registration number).
ARBN 144728307
1.3 *ASX issuer code IFT
1.4 *This announcement is
Tick whichever is applicable.
☒ A new announcement
☐ An update/amendment to a previous
announcement
☐ A cancellation of a previous
announcement
1.4a *Reason for update
Answer this question if your response to Q 1.4 is an
update/amendment to previous announcement.
N/A
1.4b *Date of previous announcement to this
update
Answer this question if your response to Q 1.4 is an
update/amendment to previous announcement.

N/A
1.4c *Reason for cancellation
Answer this question if your response to Q 1.4 is “A
cancellation of a previous announcement”

N/A

1
Appendix 2A of the Listing Rules includes a warranty that an offer of the securities for sale within 12 months after their issue
will not require disclosure under section 707(3) or 1012C(6) of the Corporations Act. If you are in any doubt as to the
application of, or the entity’s capacity to give, this warranty, please see ASIC Regulatory Guide 173 Disclosure for on-sale of
securities and other financial products and consult your legal adviser.

This appendix is available as an online form Appendix 2A
Application for quotation of securities
+ See chapter 19 for defined terms
5 February 2024 Page 2
1.4d *Date of previous announcement to this
cancellation
Answer this question if your response to Q 1.4 is “ A
cancellation of a previous announcement”

N/A
1.5 *Date of this announcement 15 July 2024
Part 2 – Type of issue
Question
No.
Question Answer
2.1 *The +securities to be quoted are:
Select whichever item is applicable.
If you wish to apply for quotation of different types of
issues of securities, please complete a separate
Appendix 2A for each type of issue.
☒ +Securities issued as part of a
transaction or transactions previously
announced to the market in an
Appendix 3B
☐ +Securities issued under a +dividend or
distribution plan
☐ +Securities issued, transferred or re-
classified as a result of options being
exercised or other +convertible
securities being converted
☐ Unquoted partly paid +securities that
have been fully paid up and are now to
become quoted fully paid +securities
Note: there is no need to apply for quotation of
the fully paid securities if the partly paid securities
were already quoted

☐ +Restricted securities where the escrow
period has expired or is about to expire
☐ +Securities previously issued under an
+employee incentive scheme where the
restrictions on transfer have ceased or
are about to cease
☐ +Securities issued under an +employee
incentive scheme that are not subject to
a restriction on transfer or that are to be
quoted notwithstanding there is a
restriction on transfer
☐ Other [please specify]
If you have selected ‘other’ please explain the
circumstances of the issue here:


2.1a *Have the +securities to be quoted been
issued yet?
No
2.1a.1 *What was their date of issue?
Answer this question if your response to Q2.1a is
“Yes”.

N/A
2.1a.2 *What is their proposed date of issue?
Answer this question if your response to Q2.1a is “No”.
16 July 2024
2.2a.1 *Date of Appendix 3B notifying the market
of the proposed issue of +securities for
which quotation is now being sought
Answer this question if your response to Q2.1 is
“Securities issued as part of a transaction or
17 June 2024

This appendix is available as an online form Appendix 2A
Application for quotation of securities
+ See chapter 19 for defined terms
5 February 2024 Page 3
transactions previously announced to the market in an
Appendix 3B”
2.2a.2 *Are there any further issues of +securities
yet to take place to complete the
transaction(s) referred to in the
Appendix 3B?
Answer this question if your response to Q2.1 is
“Securities issued as part of a transaction or
transactions previously announced to the market in an
Appendix 3B”.

Yes
2.2a.2.1
*Please provide details of the further issues
of +securities yet to take place to complete
the transaction(s) referred to in the
Appendix 3B
Answer this question if your response to Q2.1 is
“Securities issued as part of a transaction or
transactions previously announced to the market in an
Appendix 3B” and your response to Q2.2a.2 is “Yes”.
Please provide details of the proposed dates and
number of securities for the further issues. This may
be the case, for example, if the Appendix 3B related to
an accelerated pro rata offer with an institutional
component being quoted on one date and a retail
component being quoted on a later date.
Issue of 27,093,600 ordinary shares on 16
July 2024, the subject of this Appendix 2A.

2.2b.1
Date of Appendix 3A.1 lodged with ASX in
relation to the underlying +dividend or
distribution
Answer this question if your response to Q2.1 is
“Securities issued under a dividend or distribution
plan”.

2.2c.1 Please state the number and type of
options that were exercised or other
+convertible securities that were converted
(including their ASX security code)
Answer this question if your response to Q2.1 is
“Securities issued, transferred or re-classified as a
result of options being exercised or other convertible
securities being converted”.


2.2c.2 And the date the options were exercised or
other +convertible securities were
converted
Answer this question if your response to Q2.1 is
“Securities issued, transferred or re-classified as a
result of options being exercised or other convertible
securities being converted”.
Note: If this occurred over a range of dates, enter the
first date and last date of the period in which the
options were exercised or convertible securities were
converted.

2.2c.3 Is this all of the options or other
+convertible securities on issue of that type
(ie have all of those options now been
exercised or have all of those convertible
securities now been converted)?
Answer this question if your response to Q2.1 is
“S ecurities issued, transferred or re-classified as a
result of options being exercised or other convertible
securities being converted”.


Note: If you have answered “No”, consider whether
you need to lodge an Appendix 3H with ASX notifying
ASX of the cessation of some or all of the remaining
options or other convertible securities under Listing
Rule 3.10.E. This may the case, for example, if options
have lapsed because they have passed their expiry
date without being exercised, or convertible debt
securities have been repaid or redeemed without
being converted.

This appendix is available as an online form Appendix 2A
Application for quotation of securities
+ See chapter 19 for defined terms
5 February 2024 Page 4
2.2c.4 The right of the holder of the options or
other +convertible securities to receive the
+underlying securities is being satisfied by:
Answer this question if your response to Q2.1 is
“Securities issued, transferred or re-classified as a
result of options being exercised or other convertible
securities being converted”.

☐ An issue of new +securities
☐ A transfer of existing +securities
☐ A reclassification of the +convertible
securities as securities in the same
class as the +underlying securities
2.2c.5 The underlying +securities being received
by the holder are:
Answer this question if your response to Q2.1 is
“Securities issued, transferred or re-classified as a
result of options being exercised or other convertible
securities being converted”.

☐ Already quoted by ASX
☐ Intended to be, but are not yet, quoted
by ASX
☐ Are not, and are not intended to be,
quoted by ASX
2.2c.6 Were the options being exercised or other
+convertible securities being converted
issued under an +employee incentive
scheme?
Answer this question if your response to Q2.1 is
“Securities issued, transferred or re-classified as a
result of options being exercised or other convertible
securities being converted”.


2.2c.7 *Are any of the options being exercised or
other +convertible securities being
converted held by +key management
personnel (KMP) or an +associate?
Answer this question if your response to Q2.1 is
“Securities issued, transferred or re-classified as a
result of options being exercised or other convertible
securities being converted” and your response to
Q2.2c.6 is “Yes”.


2.2c.7.a *Provide details of the KMP or +associates who are exercising options or converting
convertible securities.
Answer this question if your response to Q2.1 is “Securities issued, transferred or re-classified as a result of
options being exercised or other convertible securities being converted”, your response to Q2.2c.6 is “Yes” and
your response to Q2.2c.7 is “Yes”. Repeat the detail in the table below for each KMP involved. If the options or
other convertible securities are held by the KMP, repeat the name of the KMP or insert “Same” in “Name of
registered holder”. If the options or other convertible securities are held by an associate of a KMP, insert the
name of the associate in “Name of registered holder”.
Name of KMP
[200 characters]
Name of registered holder
[200 characters]
Number of options
being exercised or
other +convertible
securities being
converted
[16 characters]


2.2d.1 Please state the number and type of
unquoted partly paid +securities (including
their ASX security code) that have been
fully paid up and that are now to become
quoted on ASX
Answer this question if your response to Q2.1 is “Partly
paid securities that have been fully paid up and are
now to become quoted fully paid securities”.

This appendix is available as an online form Appendix 2A
Application for quotation of securities
+ See chapter 19 for defined terms
5 February 2024 Page 5
2.2d.2
And the date the
+
securities were fully paid
up
Answer this question if your response to Q2.1 is “Partly
paid securities that have been fully paid up and are
now to become quoted fully paid securities”.
Note: If this occurred over a range of dates, enter the
date the last of the securities was fully paid up.


2.2d.3
Is this all of the partly paid +securities on
issue of that type (ie have all of those partly
paid securities now been fully paid up)?
Answer this question if your response to Q2.1 is
“Unquoted partly paid securities that have been fully
paid up and are now to become quoted fully paid
securities”.


Note: If you have answered “No”, consider whether
you need to lodge an Appendix 3H with ASX notifying
ASX of the cessation of some or all of the remaining
partly paid securities under Listing Rule 3.10.E. This
may the case, for example, if partly paid securities that
have not had the call paid by the due date will be
cancelled. If you are an NL company, consider also
whether you have notification obligations in relation to
any forfeiture of the partly paid securities not paid up
under Listing Rule 3.12.

2.2e.1 Please state the number and type of
+restricted securities (including their ASX
security code) where the escrow period has
expired or is about to expire
Answer this question if your response to Q2.1 is
“Restricted securities where the escrow period has
expired or is about to expire”.


2.2e.2 And the date the escrow restrictions have
ceased or will cease
Answer this question if your response to Q2.1 is
“Restricted securities where the escrow period has
expired or is about to expire”.
Note: If this occurred over a range of dates, enter the
date the last of the escrow restrictions has ceased or
will cease.

2.2f.1 Please state the number and type of
+securities (including their ASX security
code) previously issued under the
+employee incentive scheme where the
restrictions on transfer have ceased or are
about to cease
Answer this question if your response to Q2.1 is
“Securities previously issued under an employee
incentive scheme where the restrictions on transfer
have ceased or are about to cease”.


2.2f.2 And the date the restrictions on transfer
have ceased or will cease:
Answer this question if your response to Q2.1 is
“Securities previously issued under an employee
incentive scheme where the restrictions on transfer
have ceased or are about to cease”.
Note: If this occurred over a range of dates, enter the
date the last of the restrictions on transfer has ceased
or will cease.

This appendix is available as an online form Appendix 2A
Application for quotation of securities
+ See chapter 19 for defined terms
5 February 2024 Page 6
2.2g.1 Please state the number and type of
+securities (including their ASX security
code) issued under the +employee
incentive scheme that are not subject to a
restriction on transfer or that are to be
quoted notwithstanding there is a restriction
on transfer
Answer this question if your response to Q2.1 is
“Securities issued under an employee incentive
scheme that are not subject to a restriction on transfer
or that are to be quoted notwithstanding there is a
restriction on transfer”.


2.2g.2 *Please attach a document or provide
details of a URL link for a document lodged
with ASX detailing the terms of the
+employee incentive scheme or a summary
of the terms.
Answer this question if your response to Q2.1 is
“Securities issued under an employee incentive
scheme that are not subject to a restriction on transfer
or that are to be quoted notwithstanding there is a
restriction on transfer”.


2.2g.3 *Are any of these +securities being issued
to +key management personnel (KMP) or
an +associate
Answer this question if your response to Q2.1 is
“Securities issued under an employee incentive
scheme that are not subject to a restriction on transfer
or that are to be quoted notwithstanding there is a
restriction on transfer”.

2.2g.3.a *Provide details of the KMP or +associates being issued +securities.
Answer this question if your response to Q2.1 is “Securities issued under an employee incentive scheme that are
not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer”
and your response to Q2.2g.3 is “Yes”. Repeat the detail in the table below for each KMP involved in the issue. If
the securities are being issued to the KMP, repeat the name of the KMP or insert “Same” in “Name of registered
holder”. If the securities are being issued to an associate of a KMP, insert the name of the associate in “Name of
registered holder”.
Name of KMP
[200 characters]
Name of registered holder
[200 characters]
Number of +securities
[16 characters]


2.2h.1 *Were the +securities issued for a cash
consideration?
Answer this question if your response to Q2.1 is
“Other”.
If the securities are being issued for nil cash
consideration, answer this question “No”.


2.2h.1.a *In what currency was the cash
consideration paid?
Answer this question if your response to Q2.1 is
“Other” and your response to Q2.2h.1 is “Yes”.
For example, if the consideration is being paid in
Australian Dollars, state AUD.

This appendix is available as an online form Appendix 2A
Application for quotation of securities
+ See chapter 19 for defined terms
5 February 2024 Page 7
2.2h.1.b *What was the issue price per +security
Answer this question if your response to Q2.1 is
“Other” and your response to Q2.2h.1 is “Yes”, and by
reference to the issue currency provided in your
response to Q2.2h.1.a.
Note: you cannot enter a nil amount here. If the
securities are being issued for nil cash consideration,
answer Q2.2h.1 as “No” and complete Q2.2h.1.c.


2.2h.1.c
Please describe the consideration provided
for the +securities
Answer this question if your response to Q2.1 is
“Other” and your response to Q2.2h.1 is “No”.


2.2h.1.d Please provide an estimate (in AUD) of the
value of the consideration provided per
+security for the +securities to be quoted
Answer this question if your response to Q2.1 is
“Other” and your response to Q2.2h.1 is “No”.


2.2h.2 *The purpose(s) for which the entity is
issuing the +securities is:
Answer this question if your response to Q2.1 is
“Other”.
You may select one or more of the items in the list.

☐ To raise additional working capital
☐ To fund the retirement of debt
☐ To pay for the acquisition of an asset
[provide details below]
☐ To pay for services rendered
[provide details below]
☐ Other [provide details below]

Additional details:


2.2h.3 *Please provide any further information
needed to understand the circumstances in
which you are applying to have these
+securities quoted on ASX, including why
the issue of the +securities has not been
previously announced to the market in an
Appendix 3B
You must answer this question if your response to
Q2.1 is “Other”. If there is no other information to
provide, please answer “Not applicable” or “N/A”.

2.2i *Have these +securities been offered under
a +disclosure document or +PDS?
Answer this question if your response to Q2.1 is
“Other”.

2.2i.1 *Date of +disclosure document or +PDS?
Answer this question if your response to Q2.1 is
“Other” and your response to Q2.2i is “Yes”.
Under the Corporations Act, the entity must apply for
quotation of the securities within 7 days of the date of
the disclosure document or PDS.

This appendix is available as an online form Appendix 2A
Application for quotation of securities
+ See chapter 19 for defined terms
5 February 2024 Page 8
2.3 *Any on-sale of the +securities to be quoted
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:
Answer this question if your response to Q2.1 is
“Other” and your response to Q2.2i is “No”.
Note: Under Appendix 2A of the Listing Rules, when
the entity applies for quotation of securities, it gives a
warranty that an offer of the securities for sale within
12 months after their issue will not require disclosure
under section 707(3) or 1012C(6) of the Corporations
Act.
If you are in any doubt as to the application of, or the
entity’s capacity to give, this warranty, please see
ASIC Regulatory Guide 173 Disclosure for on-sale of
securities and other financial products and consult
your legal adviser.

☐ The publication of a +disclosure
document or +PDS for the +securities
to be quoted
☐ The publication of a cleansing notice
under section 708A(5), 708AA(2)(f),
1012DA(5) or 1012DAA(2)(f)
☐ The publication of a +disclosure
document or +PDS involving the same
class of securities as the +securities to
be quoted that meets the requirements
of section 708A(11) or 1012DA(11)
☐ An applicable ASIC instrument or class
order
☐ 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)
Note: Absent relief from ASIC, a listed entity can only
issue a cleansing notice where trading in the relevant
securities has not been suspended for more than
5 days during the shorter of: (a) the period during
which the class of securities are quoted; and (b) the
period of 12 months before the date on which the
relevant securities under the offer were issued.

2.4 *The +class of +securities to be quoted is:
Tick whichever is applicable
☒ Additional +securities in a class that is
already quoted on ASX ("existing
class")
☐ New +securities in a class that is not yet
quoted on ASX ("new class")

This appendix is available as an online form Appendix 2A
Application for quotation of securities
+ See chapter 19 for defined terms
5 February 2024 Page 9
Part 3A – number and type of +securities to be quoted (existing class or
new class) where issue has previously been notified to ASX in
an Appendix 3B
Answer the questions in this Part if your response to Q2.1 is “Securities issued as part of a transaction or transactions
previously announced to the market in an Appendix 3B”.
Question
No.

Question Answer
3A.1 *ASX security code & description IFT : ORDINARY FULLY PAID FOREIGN
EXEMPT NZX
(ISIN NZIFTE0003S3)
3A.2 *Number of +securities to be quoted 27,093,600
3A.3 Any other information the entity wishes to
provide about the +securities to be quoted
The shares have been issued at NZD10.15
per share, or alternatively AUD9.243 per
share (which has been determined with
reference to the NZD:AUD foreign
exchange rate as at 3:00pm (NZST) on
08/07/2024 (being the closing date of the
retail offer) from the Reserve Bank of New
Zealand website
(https://www.rbnz.govt.nz/statistics))
3A.4
*Provide a distribution schedule for the new +securities according to the categories set out
in the left hand column – including the number of recipients and the total percentage of the
new +securities held by the recipients in each category.
Number of +securities held Number of holders Total percentage of
+securities held
1 – 1,000
1,001 – 5,000
5,001 – 10,000
10,001 – 100,000
100,001 and over
Answer this question only if you are an ASX Listing (ASX Foreign Exempt Listings and ASX Debt Listings do not
have to answer this question), your response to Q2.4 is “new class” and the securities to be quoted have already
been issued.
Note: if the securities to be quoted have not yet been issued, under listing rule 3.10.5, you will need to provide to
ASX a list of the 20 largest recipients of the new securities, and the number and percentage of the new securities
received by each of those recipients, and a distribution schedule for the securities when they are issued.

This appendix is available as an online form Appendix 2A
Application for quotation of securities
+ See chapter 19 for defined terms
5 February 2024 Page 10
Part 4 – Issued capital following quotation
Following the quotation of the +securities the subject of this application, the issued capital of the entity
will comprise:

Note: the figures provided in the tables in sections 4.1 and 4.2 below are used to calculate the total market capitalisation of the
entity published by ASX from time to time. Please make sure you include in the relevant table each class of securities issued by
the entity.
If you have quoted securities over which CDIs have been issued, please include the number of quoted securities expressed as
CDIs in the table in section 4.1 and not the number of quoted securities over which the CDIs have been issued. If some but not
all of the entity’s main class of securities are quoted, you should include in the table in section 4.2 any unquoted securities in that
class.
Restricted securities should only be included in the table in section 4.1 if you are applying to have them quoted because the
escrow period for the securities has expired or is about to expire. Otherwise include them in the table in section 4.2.

4.1 *Quoted +securities (total number of each +class of +securities quoted on ASX following
the +quotation of the +securities the subject of this application)

ASX security code and description Total number of +securities on issue
IFT : ORDINARY FULLY PAID FOREIGN
EXEMPT NZX
(ISIN NZIFTE0003S3)



966,542,280

4.2 *Unquoted +securities (total number of each +class of +securities issued but not quoted
on ASX):
ASX security code and description Total number of +securities on issue
IFTAA : BONDS VARIOUS CLASSES

IFTAB : TREASURY STOCK




1,621,374,342

1,662,617