Ongoing Disclosure Notices - Directors

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
Infratil Limited (IFT)
Date this disclosure made:
12-Jan-26
Date of last disclosure:
25-Jul-25
Director or senior manager giving disclosure
Full name(s):
Andrew John Clark
Name of listed issuer:
Infratil Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Director
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Ordinary Shares in IFT
Nature of the affected relevant interest(s):
Joint beneficial owner
For that relevant interest-
Number held in class before acquisition or disposal:
500,858
Number held in class after acquisition or disposal:
504,036
Current registered holder(s):
N/A
Registered holder(s) once transfers are registered:
NZX WT Nominees Limited as
custodian for Andrew John Clark and
Rebecca Ann Keen
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:
1
Details of transactions requiring disclosure-
Date of transaction:
16-Dec-25
Nature of transaction:
Acquisition of shares under the dividend
reinvestment plan (with allotment taking
place on 16 December 2025)
Name of any other party or parties to the transaction (if known):N/A
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:
$36,309.92 ($11.4254 per share)
Number of financial products to which the transaction related: 3,178
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:N/A
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:
IFT 00/00/00 6.45% Infrastructure
Bonds in IFT (NZX:IFTHA)
Nature of relevant interest:
Joint beneficial owner
For that relevant interest,-
Number held in class:
205,000
Current registered holder(s):
Investment Custodial Services Limited
as custodian for Andrew John Clark and
Rebecca Ann Keen
Certification
I, certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all
persons for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
D
ate of signature:
12-Jan-26
Name and title of authorised person:Brendan Kevany, Company Secretary

---

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
Infratil Limited (IFT)
Date this disclosure made:
12-Jan-26
Date of last disclosure:
25-Jul-25
Director or senior manager giving disclosure
Full name(s):
Kirsty Mactaggart
Name of listed issuer:
Infratil Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Director
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Ordinary Shares in IFT
Nature of the affected relevant interest(s):Beneficial owner
For that relevant interest-
Number held in class before acquisition or disposal:
68,385.95
Number held in class after acquisition or disposal:
68,746.86
Current registered holder(s):
N/A
Registered holder(s) once transfers are registered:
Sharesies Nominee Limited
as custodian for Kirsty
Mactaggart
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: 1
Details of transactions requiring disclosure-
Date of transaction:16-Dec-25
Nature of transaction:
Acquisition of shares under
the dividend reinvestment
plan (with allotment taking
place on 16 December 2025)
Name of any other party or parties to the transaction (if known):N/A
The consideration, expressed in New Zealand dollars, paid or received for the
acquisition or disposal. If the consideration was not in cash and cannot be readily by
converted into a cash value, describe the consideration:
$4123.54 ($11.4254 per
share)
Number of financial products to which the transaction related: 360.91
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were acquired or disposed of during a closed period:N/A
Whether prior written clearance was provided to allow the acquisition or disposal to
proceed during the closed period:
N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:

Class of quoted financial products:
Ordinary Shares in IFTOrdinary Shares in IFT
Nature of relevant interest:
Relevant interest arises as:
* Kirsty holds certain IFT
shares on bare trust for her
child within her Sharesies
account
* Kirsty has the power to (i)
exercise, or to control the
exercise of, a right to vote
attached to, and (ii) acquire
or dispose of, or to control
the acquisition or disposal of,
such IFT shares.
Joint beneficial owner
For that relevant interest,-
Number held in class:
969.26
45,674
Current registered holder(s):
Sharesies Nominee Limited
as custodian for Kirsty
Mactaggart
Custodial Services Limited
as custodian for Kirsty
Mactaggart and Justin Alan
Crane
Certification
I, certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
12-Jan-26
Name and title of authorised person:
Brendan Kevany, Company
Secretary