Results of Infratil Limited 2025 Annual Shareholder Meeting

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

20 August 2025


Results of 2025 Annual Meeting

At Infratil Limited’s (IFT) annual shareholders’ meeting, held at the Eden Park, 42 Reimers Avenue,
Kingsland, Auckland and online on 19 August 2025, shareholders were asked to vote on seven
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. That Alison Gerry be re-elected as a director of Infratil.

2. That Kirsty Mactaggart be re-elected as a director of Infratil.

3. That Andrew Clark be re-elected as a director of Infratil.

4. That Infratil be authorised to issue to Morrison Infrastructure Management Limited (Morrison),
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 2024 Incentive Fee (to the extent payable) as the Board elects to pay by
the issue of Shares (2024 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 2024 Scrip Option.

5. That Infratil be authorised to issue to Morrison, within the time, in the manner, and at the price,
prescribed in the Management Agreement, such number of Shares as is required to pay all or
such portion of the second instalment of the 2025 Incentive Fee (to the extent payable) as the
Board elects to pay by the issue of Shares (2025 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 2025 Scrip Option.

6. That the maximum aggregate remuneration pool available for payment to all Non-Executive
Directors for each financial year commencing on or after 1 April 2025, be increased by $121,500
from $1,525,500 to $1,647,000 per annum (plus GST or VAT, as appropriate).

7. 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
That Alison Gerry be re-elected as a director
of Infratil.
249,506,358
94.62%
14,196,690
5.38%
81,930
That Kirsty Mactaggart be re-elected as a
director of Infratil.
263,145,237
99.79%
558,323
0.21%
81,418
That Andrew Clark be re-elected as a director
of Infratil.
263,163,484
99.80%
527,403
0.20%
94,091

2
Resolution For Against Abstain
That Infratil be authorised to issue to
Morrison Infrastructure Management Limited
(Morrison), 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 2024 Incentive Fee (to
the extent payable) as the Board elects to
pay by the issue of Shares (2024 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
2024 Scrip Option.

179,512,922
89.50%

21,057,274
10.50%

946,459
That Infratil be authorised to issue to
Morrison, within the time, in the manner, and
at the price, prescribed in the Management
Agreement, such number of Shares as is
required to pay all or such portion of the
second instalment of the 2025 Incentive Fee
(to the extent payable) as the Board elects to
pay by the issue of Shares (2025 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
2025 Scrip Option.

179,483,387
89.52%

21,018,178
10.48%

959,282
That the maximum aggregate remuneration
pool available for payment to all Non-
Executive Directors for each financial year
commencing on or after 1 April 2025, be
increased by $121,500 from $1,525,500 to
$1,647,000 per annum (plus GST or VAT, as
appropriate).

186,028,677
71.47%

74,242,377
28.53%

430,271
That the Board be authorised to fix the
auditor’s remuneration.
263,397,161
99.90%
264,457
0.10%
123,360


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 info@infratil.com
Date of release through MAP 20 August 2025