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News on New Investment

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Infratil Limited has announced an offer of up to NZ$100 million (with the ability to accept another NZ$50 million in oversubscriptions at Infratil's discretion) to institutional investors and to New Zealand retail investors of Infrastructure Bonds. The Bonds are unsecured, unsubordinated debt securities of Infratil.

The Offer comprises a General Offer and an Exchange Offer and includes Bonds with two different maturity dates. The Offer amount includes both the General Offer and the Exchange Offer. There is no minimum size for each of the two Series.

The offer is being made pursuant to the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as existing quoted debt securities.

The two Series being offered, and the interest rate for each, are:

15 June 2021 at 4.90%p.a.

15 June 2024 at 5.50%p.a.


KEY DATES

Opening Date for the Offer: Friday 20 May 2016

Exchange Offer Closing: Monday 13 June 2016

General Offer Closing Date: Thursday 30 June 2016

Expected Listing Date: 30 June 2016